THE KOREAN LG GROUP SUBSIDIARY LG CNS WILL LAUNCH A NEW BLOCK CHAIN SERVICE FOR A STABLE CURRENCY ECOLOGY IN SEPTEMBER

On 11 August, according to Digital Asset, the Korea LG Group-owned IT service, LG CNS, plans to launch in September a new block-link service that will be dedicated to stable currency ecology and will cover the core functions of digital wallets, transaction processing, process charges and chain data management. Lee Jung-hwa, head of the CNS block chain department, stated that wallets are the most important infrastructure in the stable currency ecology and that whoever has access to the wallet and the French currency in the future will have a key position. The company had previously accumulated CBDC and deposit-coin-related technology through its participation in the Korea Central Bank's “Project Hangang”, and had tested various chain-based settlement models in the experiment。