KB Kookmin Bank announced on the 2nd that it had signed a business agreement for technical cooperation with Lambda256, a blockchain specialist, on the 28th of last month.
Lambda256 is a blockchain service developer that operates the cloud-based blockchain service platform ‘Luniverse’. We provide solutions for virtual asset operators to comply with travel rules (money movement tracking system).
According to this business agreement, the two companies Δfinance and block chain collaboration task discovery and pilot project implementation Δ joint development of a blockchain platform specialized for financial work and new financial services Δtechnology joint research and cooperation system to respond to the development of blockchain technology We will be making arrangements, etc.
The two companies plan to create a blockchain-based financial service in preparation for the commercialization of blockchain technologies such as NFT (Non-Fungible Token) and CBDC (Central Bank Issued Digital Currency) in finance, and build a platform and ecosystem necessary for this.
Jinsoo Yoon, CEO of KB Kookmin Bank’s Tech Group, said, “We will increase the competitiveness of financial services by first applying blockchain technology to work that takes a long time and has a high cost burden.”
