Waltonchain, MEDIUM and Smart C&I Signed an MOU for Building Smart Cities
On Mar. 16, Waltonchain, MEDIUM (https://themedium.io, a blockchain technology and solution company in South Korea) and Smart C&I signed a three-party Agreement to build a standard model of smart city integrating the ultra-high-speed blockchain technology.
MEDIUM CEO Kim Pan Jong expressed that, as per this Agreement, the Company will build a standard model of smart city and apply the proven technology in South Korea, China and other countries.
Smart C&I Vice President Lee Gyeon Gu expressed that it is important to grasp various technologies of smart city construction and globalize the technology by provision of a practical construction plan for each city.
Smart C&I is a high-tech enterprise focused on warming, refrigeration, zero energy, environment, living, fitness and other solutions. It will continue to apply technologies necessary for smart cities in the future.
Waltonchain CEO Do Sang Hyuk expressed that, as a blockchain technology company focused on Blockchain + the IoT, Waltonchain aims at introducing Korean companies and technologies to China and bringing investments. Currently, Waltonchain is actively engaged in the business in Jinhu County and Yancheng City, China. As per this Agreement, Waltonchain will play the role of smart city solutions promotion in China.
As per this Agreement, MEDIUM’s ultra-high-speed blockchain technologies (such as MBPU and MDL) will be introduced into the standard model of smart city. The ultra-high-speed blockchain technology (for building the social infrastructure), the IoT (for constructing of living facilities), and smart contracts (as the basis of governance) can be applied in this model. From testing in a limited environment to real application, it will be an important turning point in the application of blockchain technology in smart cities.
“The smart city market will grow to USD 2 trillion by 2025. It is important to establish a standard model and lead the market as soon as possible,” said MEDIUM CEO Kim Pan Jong. “Based on smart city platforms and solutions constructed using the ultra-high-speed blockchain technology, the three parties will do the best to occupy the smart city market in South Korea, China and other countries.”
Original article: https://www.dailysecu.com/news/articleView.html?idxno=106976
