The platform will be able to transmit non-financial assets and data, and help bring trust and transparency to the firm’s services
The Korea Herald reports that SK Telecom, a South Korean telecommunications operator, has announced the launch of an asset management service which uses Blockchain technology, in addition to a platform for linking Blockchain startups with investors.
Oh Se-hyeon, the executive Vice President of the blockchain unit, said the platform will be able to transmit non-financial assets and data, and help bring trust and transparency to the firm’s services.
Subscriptions and verification processes for services will be managed by a blockchain-based digital real-name authentication program.
The firms new platform, the “Token Exchange Hub” will support the Initial Coin Offerings (ICO) by offering both “technological and financial consultants” according to Oh Se-hyeon:
ZDNet has reported that SK Telecom will be using a Blockchain-based real name authentication program for its subscription and verification service.
Speaking to the Korea Herald, the head of the company’s blockchain center at the Institute of Convergence Technology said: