Waltonchain (WTC), the business ecosystem platform combining blockchain with IoT (specifically RFID) to create a management system for supply chains announced today an investment in new Korean cryptocurrency exchange Coinnest.
The partnership will allow Waltonchain to focus on business development in Korea, which will support its goal of advancing its global reach. Both parties indicated they are planning to develop and promote blockchain-related technologies together within the Korean market.
Coinnest, one of the largest Korean exchanges, has reached a total transaction amount of KRW 7.5 trillion and gained 500,000 members within a year of its launch.
Walton coin has been listed on the Coinnest exchange since December 2017.