LG, the electronics giant, will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain.
It has been reported that LG CNS, an IT and consulting subsidiary of LG Corporation, has partnered with KardiaChain to act as a validator for its upcoming mainnet launching in late December.
However, LG CNS will be validating KardiaChain mainnet alongside major Vietnamese companies like multinational conglomerate Geleximco, global tech business HPT Vietnam and taxi business Mai Linh Group.
The report said that as part of the partnership, KardiaChain will also work with LG CNS to combine their blockchain with LG CNS’s own blockchain protocol known as Monachain.
The Developer of LG’s blockchain Monachain will act as a validator for the upcoming mainnet of @KardiaChain https://t.co/nKReLNF7dT — Cointelegraph (@Cointelegraph) December 17, 2020
Launched in 2018, Monachain is designed to provide blockchain-based digital authentication and supply chain management.
KardiaChain and LG CNS intend to cooperate on various applications on decentralized identity, as well as the issuance and smart city technology. LG CNS will also support KardiaChain when it enters the South Korean market, expected in 2021.
Tri Pham, the CEO and co-founder of KardiaChain, said that the company’s mission is to provide an accessible blockchain for millions of users.
Pham said that KardiaChain is the “first interoperable blockchain to ever launch in Southeast Asia.”
Thus, South Korea’s electronics giant LG Corporation has been actively exploring blockchain technology through its subsidiaries in recent years.
Source: Cointelegraph