According to local news Agency Yonhap Sunday, LG CNS, a subsidiary of the South Korean Corporation LG, which deals with services in the field of information technology, recently launched a new blockchain service.
According to Yonhap, a private blockchain platform LG CNS “Monachain” was designed to work in the field of Finance, production and communication.
One of the basic functions Monachain are: a system of digital authentication, digital currency, and the system of logistics management. Monachain allows you to use a new type of identification, decentralized identifier (DID), which can be used for personal identification and online payments through your smart device.
Monachain also allows users to open a digital wallet and conduct financial transactions. According to the report, LG CNS plans to enter into agreements with local banks to reach a wider audience.
In addition, Monachain can help business owners increase productivity, as the company provides management system digital supply chain that enables suppliers to effectively manage all production processes.
Moscow mining-the hotel was given the farm of the client, cost 1.4 million rubles
Binance LCX launches crypto exchange with Fiat currency
Ripple recommends three cryptocurrency exchanges
Ethereum Classic rose by 18% in anticipation of the appearance on Coinbase
ERC-20 tokens become available for institutional investors
Coinbase is entering the market of digital identification?
The former CEO of PayPal: Bitcoin useless and ridiculous cult
Most of the top 100 cryptocurrencies does not actually have a working product