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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"infinium",<br>"permlink":"s-korean-media-electronics-giant-lg-launches-own-blockchain-service-monachain",<br>"title":"S. Korean Media: Electronics Giant LG Launches Own Blockchain Service \u2018Monachain\u2019",<br>"body":"https:\/\/images.cointelegraph.com\/images\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zOGE4MDM1NjcwOGY4Y2FhZDRhZWJhMjdkZDY4YmFmYS5qcGc=.jpg\nLG CNS,<br> a subsidiary of South Korean LG Corporation that supplies information technology services,<br> has recently launched its own blockchain-powered service,<br> local Yonhap News Agency reports Sunday,<br> May 13.\n\nLG CNS\u2019 own blockchain platform \u201cMonachain\u201d has been designed to enable blockchain-based logistics in the fields of finance,<br> manufacturing and communication,<br> according to Yonhap.\n\nOne of the main deployments of Monachain provides a digital authentication system,<br> as well as a digital currency,<br> and a digital supply chain management tool. As the local source reports,<br> Monachain enables a new type of identification,<br> a decentralized identifier (DID),<br> that can be used for personal identification and online payments via smart devices.\n\nMonachain also allows users to open a digital wallet and conduct financial operations. According to the report,<br> LG CNS is seeking agreement with domestic banks to bring its digital currency business to a wider audience. A representative of LG CNS commented:\n\n\"Even further,<br> Monachain can help business owners boost productivity as the company provides a digital supply chain management system that enables suppliers to manage the entire production processing efficiently.\"\n\nIn May 2017,<br> LG CNS partnered with R3,<br> a blockchain consortium made up of over 200 firms.",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"bitcoin\",<br>\"crypto\",<br>\"ethereum\",<br>\"infinium\" ,<br>\"image\":[\"https:\/\/images.cointelegraph.com\/images\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zOGE4MDM1NjcwOGY4Y2FhZDRhZWJhMjdkZDY4YmFmYS5qcGc=.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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