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South Korea’s LG Group set up a subsidiary to focus on blockchain technology

South Korea's LG Group set up a subsidiary to focus on blockchain technology

According to Yue 22 Ri released an official press release, LG CNS plans to include blockchain to strengthen its enterprise products, including seven key areas. LG CNS is a subsidiary of Korean multinational group LG .

LG CNS plans seven new platforms for developing technologies including blockchain, artificial intelligence ( AI ), Internet of Things ( IoT ), smart cities, smart factories, robot services and smart energy.

The official press release stated, LG CNS is intended as a reliable customer platform, providing the core Technology developed by the fourth industrial revolution ” customer service and efficient Digital transformation”, which includes design similar but different brand names.

Commercial technology store ZDNet reported that LG CNS also plans to launch an ” unnamed cloud platform ” by the end of 2018.

LG CNS blockchain platform Monachain in this year Yue launched, designed to provide customers with ” new identification code, decentralized identification number ( DID ). Both technologies can be paid online through personal identification and smart devices. 

The press release LG for this block chain platform described as ” science, philosophy and art ” portfolio. This platform will provide three core services: “ Digital Authentication, Digital Community Currency, and Digital Supply Chain Management. 

This article is writing on 25 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

The post South Korea’s LG Group set up a subsidiary to focus on Blockchain Technology appeared first on Coinworldstory.



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