theloop Signs Business Agreement with ChainToB to Grow the Blockchain Service Ecosystem
ChainToB is a promising Korean startup currently carrying out blockchain projects with the Electronics and Telecommunications Research Institute (ETRI) and Pusan National University Research Park (PNURP), and it is targeting the launch of a new blockchain-based global social service in Japan in the first half of next year.
Going forward, theloop and ChainToB plan to develop business jointly and cooperate in order to expand loopchain-based services beyond Korea into overseas markets. The two companies are currently working together on a secure document management platform for major corporations and public institutions.
"I am pleased to have built a business partnership and collaborative relationship with ChainToB, both in Korea and abroad, to widen the loopchain ecosystem in the blockchain market," said theloop CEO JH Kim. "We will become a blockchain technology company that leads not only Korea but the world."
"Blockchain will grow into a new and revolutionary platform, much like the internet of the 1990s, and it is expected to drive technological innovation across many fields," said ChainToB CEO Hawon Jung. "There are a number of blockchain companies in Korea today, but theloop is the only one that has developed everything from the code level up to the blockchain core engine." He added that stable technical support and an expanded talent pool are essential if Korea is to become a blockchain powerhouse, and stressed the importance of collaboration with theloop in spreading Korean blockchain technology around the world.
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