[Interview_Blockchain Today Reporter Jihye Han]
â—†Please introduce GNGHOLDINGS
Gng Holdings Group has been working as a holding company in the domestic logistics distribution, overseas export, and IT industry for the past 7 years. Currently, we are focusing on the development of technologies such as DLT (Distributed Ledger Technology) / DID (Decentralized Identifier) ​​/ De-Fi (Decentralized Finance) block chain experts, focusing on the blockchain field. In addition, we are preparing blockchain services with global companies for distribution business, export, and manpower management.
â—†How did you come to apply cryptocurrency to your existing business?
There is a growing trend of companies incorporating blockchain technology into various industries. Representative domestic companies include Kakao*, Samsung S*, Ney*, and Hyundai, while global companies include Google, Facebook, Amazon, IBM, Mastercard, and JP Morgan.
In fact, 15 banks in the domestic market, including Kookmin, Shinhan, Woori, Hana Bank, and Kakao X Wallet, repealed their accredited certificates in December 2020, and utilized the DID (Decentralized Identifier) ​​blockchain technology, saying’individuals directly manage personal identity information. It is now commercially available through the introduction of the system’.
In addition, more than 60% to 70% of shipping and logistics still use paper ledgers. Maersk, the world’s leading shipping company, has partnered with IBM to apply blockchain technology to its logistics system, making it possible to track the entire journey of 10 million containers.
Blockchain technology not only increases the accuracy of logistics, but also brings tremendous cost savings every year by introducing a system that shows transaction details to all participating users and prevents counterfeiting by contrasting them with each transaction.
Therefore, we are developing a DLT system to make overseas exports and logistics management much easier by incorporating blockchain DLT (Distributed Ledger Technology) technology into the logistics system. In addition, we are contributing to virtual reality (VR) and future industries, and we are developing all services in the existing financial industry, such as De-Fi (Decentralized Finance) overseas remittance, payment, and loan, to be implemented through blockchain.
â—†Please explain the competitiveness of Ether Digital Finance (EDF)
We, EDF (Ether Digital Finance), can see the real estate and holding company visits, factory tours, profit models, etc. through the launching and searching of the reliability accumulated over the past 7 years in Korea. In addition, you can visit anytime to check the use of our products, CS work, and team conditions made up of experts.
I cannot tell you for security reasons, but we are currently discussing an MOU with a large domestic company.
Crypto Currency Certification Consortium (C4), Certified Bitcoin Professional (CBP), Certified Ethereum Professional (CEP) Crypto Currency Security Standard Auditor (CCSSA) Until now, they are taking professional training courses. I am always studying to approach customers with a more professional attitude.
â—†It is known that marketing is strong. Is there a special secret?
Through the crude oil (data) of the 4th industry that has been secured for the past 7 years, we have made efforts not to break the trust we have built up so far with our customers. In addition, we have an MOU with celebrities, celebrities, brands and companies, and we will do our best to cooperate with’Golden Finance’, China’s largest blockchain information platform, and Southeast Asia, US platforms, and global companies. .
In order to strengthen the competitiveness of all items handled, we consider segmenting the market, establishing strategies for each market, and dealing with resellers who are at the closest point of the end consumer in the market. It has the effect of gaining competitiveness by reducing the distribution stage, but it has a great advantage of knowing the needs of the end consumer.
â—†Please explain about Ether Digital Finance (EDF)
EDF (Ether Digital Finance) provides De-Fi, non-face-to-face payments, and overseas remittances through decentralized internet finance. De-Fi refers to a decentralized financial system. In other words, it is a financial system that is not controlled by central institutions such as the government or corporations. Since banks, securities companies, credit card companies, and insurance, which act as intermediaries in the financial system, are not required, you can use a variety of decentralized financial services such as deposits, payments, loans, insurance, and investments with just a mobile phone without a bank account or credit card.
Staking refers to fixing a certain amount of cryptocurrency as a stake. In simple terms, it is a service similar to the concept of giving a profit when saving money at a bank, and it is a service that entrusts funds to the operation of the blockchain network and receives compensation in return. It would be easy to understand if you think of it as an easy deposit interest. The mentioned reward coins can be used in all places that have an MOU with our company, such as deposits, shopping, payments, and overseas remittances, and we plan to gradually increase the number of domestic and overseas use cases.
â—†Please explain the future roadmap of EDF Coin.
Ether Digital Finance (EDF)
-Logistics ledger system (DLT) development / virtual reality (VR) / electronic payment service development
-Ether Digital Finance (EDF) wallet launched in the first quarter of 2021
-Listed on EDF (Ether Digital Finance) Exchange in the second quarter of 2021 (ISMS certification), domestic and overseas
-2021 Q3 DLT, PAY, DID service Testnet
-2021 Q4 Overseas direct purchase payment system and built-in Dapp economy
-Web site and integrated wallet upgrade through big data in the first quarter of 2022
-2Q2022 UX improvement, Dapp development
-Tested and launched an electronic payment service app using VR service in the 3rd quarter of 2022
-Participated in SF Blockchain Week in the 4th quarter of 2022 Signed a quantum computer PATNERSHIP
â—†Please tell us about the prospect of cryptocurrency in 2021
Crude oil in the 4th industrial era is data. Data is an asset and a competitive edge. My information, mobile phone number, interests by age group, hobbies, what I need, my favorite books, my favorite road, average movement speed of people, average movement speed when climbing a mountain, navigation, traffic volume by time, etc. It is an era of big data competition in which wins and losses differ depending on who has more data and who has more data. There are many people who are using blockchain technology without their knowledge, but do not know it.
Cash transactions are shifting from credit card payments and mobile phone payments to digital transactions. In fact, more than 90% of the dollar is the movement (data) of virtual numbers, not cash. With the disappearance of real identification cards and the abolition of banknote accredited certificates through DID technology, identification cards, certificates, passes, etc., can be stored directly in the mobile phone, and are gradually permeating our lives.
The existing re-stacking method was’stocks, real estate’, but now it has been changed to’stocks, real estate, cryptocurrency’, and cryptocurrency is rapidly rising to the point of mention. Cryptocurrency users are also growing exponentially around the world. Bitcoin market cap has exceeded KRW 1,000 trillion in Korean currency due to the recent inflow of funds. Nevertheless, it is only less than 7% of the total gold market. This can be interpreted as a market that is still highly likely to grow, and I think there are great merit and great opportunities as future values.
The government enforces taxation on cryptocurrency revenue from 00:00 on January 1, 2022. This is the first step in getting cryptocurrency recognized as an asset. In addition, the government has announced that it will invest tens of billions of dollars in blockchain pilot projects. The marketability of cryptocurrency and blockchain is very good.
In fact, Bitcoin is recognized worldwide as a holding asset along with U.S. government bonds and corporate bonds in the financial statements of NASDAQ listed companies. As such, the market continues to mature, and I think there are more and more opportunities to grow in the future. As the market is more mature, I hope that investors will take a good opportunity by making smart investments rather than’don’t ask investment’.
â—†Advanced countries such as the United States and Europe are active in blockchain technology, but the government is passive when it comes to blockchain technology and cryptocurrency. What do you think about this part?
The Mayor of Beijing said that in 2021, the development of fintech and various professional services should be hurried. One of these is the pilot experiment of CBDC (Chinese name DCEP).
Recently, at a briefing session on the direction of monetary policy, the President of the Bank of Korea Lee Joo-yeol mentioned the preparation and development of digital currency (CBDC). Governor Lee said, “In the near future, the need for issuance of CBDC will not be great, but the CBDC research is in full swing in case the need for issuance increases as the payment environment is rapidly changing.”
“The position of major countries such as the United States, Europe, and Japan is not different. It is not likely to be utilized immediately, but it is the position of major countries to do related research,” he said. “Before the introduction, what are the problems to be systematically supplemented last year, and the business process “I’m doing external consulting on how to do it.”
The precise direction of government policy and regulation is a priority. This is the progress of the Act on Reporting and Use of Specific Financial Transaction Information Pending at the National Assembly (Special Law) and the smooth use of services by exchange users. The government must defend the skills of young talents from being stolen abroad, and a more open attitude is required. When it comes to training talent, the government should be more active.
I think blockchain is the future of our industry. China is the most advanced country in promoting national policies for blockchain development. Now is the very important point of which country, who starts first and puts dominance in the market first.
If you don’t take a quick glance at rapidly changing technology changes and respond appropriately, the industry will fall completely behind. In the 4th Industrial Era, Blockchain Era, and Decentralized Autonomous Organization, it will be the heyday of people with strong personality, strong independence, and strong technology.
◆What are the values ​​and ideologies that the company pursues?
Trust, win-win, challenge, and communication should be the basic base, and as a young company, we will respond quickly to government guidelines by flexibly accepting sense and trends.
The basic philosophy is to provide a transparent policy, trust with customers, and customer-oriented services by prioritizing continuous service maintenance and improvement, and to create a healthy culture and development of the company industry based on the safety and trust of customers’ assets.
â—† What is your future goal?
I would like to contribute to the creation of jobs for experts in blockchain technology and the younger generation, and contribute to healthier growth and completeness in the blockchain market. In addition, I would like to make global preparations firmly and once again inform the world of Korea, an IT powerhouse.
In addition, by participating in donation activities such as welfare and scholarship support for small businesses, the underprivileged, and single-parent families who have suffered from Corona 19, we will do our best to help those in need of a helping hand socially. Will.
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