A Memorandum of Understanding (MoU) was signed between South Korean mechanical holding SK Group and ConsenSys for blockchain business accord. The data headway strategy arm of the SK Group, SK Holdings C&C has placed their trust in extraordinary people compared to other partnerships in South Korea.
The foundation has taken an interest with ConsenSys, an Ethereum (ETH) programming affiliation coordinated in the United States of America, to gain and attempt a ground center point. That has been experiencing a technique for a long time.
The MoU aims at building a strategy of activity by utilizing smart contracts; the comprehensive network announced notes that the two networks would be execution plan of action to broaden the blockchain resource pool through education and joint examination of their individual stages.
This MoU is a milestone in the long lines of ConsenSys success. ConsenSys is already in discussion with authorities to expand their solutions into the Xiongan “smart city.”
This partnership would not only be beneficial for Korean developers and student but it also seemed a collaborative effort to enhance research capacities in both organizations through a thorough analysis of their respective platforms and technologies.
The partnership is seen as an important development for South Korea due to the country’s poor economic state.
