08/12/19 02:05 UTC-5

South Korean telecommunications giant has established blockchain cooperation with China

KT Corporation, South Korea’s gigantic telecommunications provider, is collaborating with China Mobile to expand blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
capabilities and the fifth generation mobile communications (5G). 


Technology improvement

For their users, firms are developing a new blockchain system that will save time and money when paying for roaming. A system called B.Link automatically processes data from phones and sets rates in real time. At the end of this month, KT Corporation also plans to launch 5G in South Korea.

This cryptocurrency news appeared about half a year after the South Korean provider announced that it had released its own blockchain network, which aims to increase the efficiency of using mobile communications and roaming.

Interesting in the section: Financial geography: the great crypto-plan of China

See also: "IBM has filed a patent for blockchain technology to prevent package theft"

#KTCorporation #ChinaMobile #cooperation #China #SouthKorea #blockchain

Editor: Alyona Deryabina