Saturday January 16, 2021
BTC $36,229.00 (-6.05%)   ETH $1,167.61 (-3.79%)
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
SWAP BITCOIN NOW
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Networks & Protocols

Electronics giant LG partners with KardiaChain as network validator

Published by CryptoNinjas.net
12/17/2020

Today is was announced that a subsidiary of multi-billion dollar electronics giant LG will work with blockchain business in Vietnam, KardiaChain, as a validator for its upcoming mainnet.

LG CNS, part of the wider LG business, will work with KardiaChain alongside a host of other technology firms, including multinational conglomerate Geleximco, global technology business HPT Vietnam and Vietnamese national taxi business Mai Linh Group, as validators of the network.

Chang-deuk Yoon, Head of the blockchain technology department LG CNS said “We will break the lines between private and public blockchains while combining the features and strengths of each company to explore new business opportunities”.

Network Validation

As validators of the KardiaChain network, these partners will establish nodes that will be used to validate the block creation, to verify transactions made on the blockchain, and to help secure its network.

Securing the KardiaChain network by performing critical algorithms for validation, each validator can earn two different revenue streams: block rewards and transaction fees.

The announcement comes just two weeks before KardiaChain’s mainnet goes live on December 29. Once live, the network will allow developers to create and build decentralized applications, deploy smart contracts, and send transactions.

Tri Pham, CEO, and co-founder of KardiaChain, said: ‘We are proud to have such powerful partners like LG CNS alongside with our mission to become an accessible blockchain for millions. Our mainnet will be the first interoperable blockchain to ever launch in Southeast Asia. We hope our technology will empower the people and create meaningful impacts to the society.'”

LG CNS Partnership

As well as working as a validator for the network, the KardiaChain team will work with LG CNS to combine their blockchain with LG CNS’s own Monachain blockchain. Monachain was developed by LG CNS to specialize in digital authentication and supply chain management for large businesses.

Working with the LG CNS team, KardiaChain will drive innovation and development in enterprise-scale scenarios and applications, such as decentralized identity (DID), certificate issuance, and smart city technology.

Leveraging KardiaChain’s local business acumen in the Asian marketplace, the two parties will develop DID solutions for Vietnam’s top enterprises with large existing user bases that can be instantly on-boarded onto blockchain. Another large-scale use case currently in development is a smart city solution for one of the largest cities in Vietnam, Danang.

LG CNS will also support KardiaChain when it enters the South Korean market, expected in 2021.

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: kardiachain.io

Related Posts

Kardiachain launches its mainnet 1.0 for its interoperable blockchain platform

Kardiachain launches its mainnet 1.0 for its interoperable blockchain platform

12/28/2020
Kardiachain Kai Blockcloud Bloc

KardiaChain and Blockcloud partner to enhance interchain ecosystem

07/17/2019

Blockchain verification platform CertiK partners with KardiaChain

06/04/2019
Load More
Leave Comment
CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter

Recent Updates

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Cryptohopper launches new feature to automatically test, rank, and deploy trading strategies

Binance adds Navcoin (NAV) to their locked staking program

Loans now available on the Crypto.com Exchange

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Nisbah Capital joins Tezos blockchain baker ecosystem

IOHK expands Cardano development fund with launch of new $500K round

Instimatch to leverage Algorand blockchain to advance settlement and payment solutions

Crypto exchange Poloniex launches XRP perpetual futures

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy