Blocko Blockchain Technology Fuels Korea Exchange With KRX Startup Market Exchange

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The Korea Stock Exchange has launched its KSM (Korea Startup Market) service that provides a marketplace where the equity shares of startup companies can be traded in the open market. Blocko Inc., a Blockchain startup in Korea, participated in the project and implemented its Blockchain technology for document and identity authentication. The KSM service has applied this technology by using Coinstack, Blocko’s proprietary Blockchain-based development platform.

Blocko has secured the highest number of client references within Korea by providing its Coinstack platform to Korea’s JB Bank, Lottecard, KISA, Paygate and others. Blocko raised a series A round funding of $1.3 million from Samsung Venture Investment Corporation in July 2016.

Won-Beom Kim, Blocko Inc. CEO, said:

“This is the first example of commercialization in which Blockchain is applied to the Korean over-the-counter stock market.” He added, “We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply Blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.”

Coinstack is serviced in two ways, Cloud and On-premise, and supports all types of applications and protocols available via the Bitcoin Blockchain. Furthermore, Coinstack is a development platform that supports both Blockchain-based contracts and Ethereum-based smart contracts, enabling companies to easily apply Blockchain-based functions to its services.

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.