Geneva, Switzerland, August 27, 2018 – The global blockchain company, DECENT, has recently been establishing new business expansions in South Korea. In July, the company opened a new office in the busy and well-renowned technological district in Seoul, the Gangnam district. DECENT aims to utilize their technology in places like South Korea to further spread the blockchain revolution with DCore, one of the fastest blockchains in the industry, clocking in at more than 2,000 transactions per second.
Last week, DECENT participated in a major South Korean blockchain conference, Blockfesta 2018, which was held on August 22-23 in Seoul. The primary goal of Blockfesta 2018 was to “get together blockchain” and elevate blockchain technology through bringing together leading blockchain pioneers and also other investors and startups to present their revolutionary ideas.
DECENT Korea representative, John Oh, gave a speech on what changes blockchain will bring to the content business ecosystem. He also spoke about the benefits of blockchain technology over traditional content distribution networks, emphasizing DECENT’s proprietary blockchain platform DCore.
John Oh relates: “South Korea represents one of the biggest markets, rapidly absorbing and developing content-related blockchain technology, and they are opening their gates to blockchain companies like DECENT. The atmosphere at Blockfesta was one of enthusiasm for blockchain, and it was obvious that the people there were genuinely interested. I’m excited to see how events like these will impact DECENT’s future in the blockchain scene in South Korea.”
The South Korean government has recently gone through numerous improvements regarding the way blockchain is used and perceived in the country. South Korea’s Ministry of Science and ICT is starting to focus on educating Korea’s youth on the benefits of blockchain and decentralization. There are also plans for the creation of “Blockchain Law Society” to develop a legal framework for blockchain.