EDRA KOREA, Presents Business Model Vision based on Block-chain Technology
EDRA KOREA presented their mobile platform business model based on block-chain at a technical seminar held at the Conrad Hotel Grand Ballroom in Yeouido on May 17th.
EDRA KOREA’s Chief Technology Officer Seo Hyun-chul explained about the differentiated factors of EDRA owned original technology 'Logical Sharing Block-chain Distribution Technology' that enables decentralized mobile mining, and also conveyed that this technology has evolved from the existing problem-solving operation type block-chain technology and that EDRA block-chain technology will show the vision for a new mobile ecosystem in the future.
CTO Seo said that, “EDRA block-chain prevents excessive energy consumption and the centralization of mining that occurred in the existing block-chain verification system, Proof of Work(POW). Also, it will prevent the centralization of only a few that is shown in Proof of Stake(POS), and will create a world where any Smartphone user can mine.”
EDRA showed its strategy to lead the era of next-generation block-chains based on 'Decentralized mobile mining', 'Electronic wallet EDlock', 'EDRA Platform, a hub of digital products’, and ‘Phone Charges Payment Service’ and to totally change the mobile ecosystem.
EDRA Coins, accumulated through mobile mining, can exchange points(mileage) and other currencies in EDLock. In particular, EDRA's real-time transaction technology enables real-time remittance, making it the first public block-chain to be used for real-time financial services.
EDRA Coins, accumulated through mobile mining, can exchange points(mileage) and other currencies in EDLock. In particular, EDRA's real-time transaction technology enables real-time remittance, making it the first public block-chain to be used for real-time financial services.
EDRA KOREA has established the safety of the block-chain through 'triple verification technology' which is connected with 'validity of block', 'validity of transaction', 'validity of purse', and etc. Also, EDRA KOREA plans to realize real-time remittance at a rate lower than 1 second, compared to the present rate of under 10 seconds.
EDRA KOREA is currently filing for the following 5 patents: Logical block-chain distribution technology, Sharing block-chain ledger processing security technology(3 Way Confirm), Real-time block-chain transaction notice technology, Side Chain Application Transplant Block Switching Technology, and ‘Double Block-chain Switching Technology’.
In the second half of the year, EDRA not only has a plan to release the smartphone embedded EDRA platform, but also to open an era of next-generation block-chain that can pay for phone charges, and conduct financial transactions through mined coins gaining from activities such as web searching, listening to music and gaming.
Meanwhile, the seminar, organized by the Korea Block-chain Contents Association Committee, was held under the theme of 'the convergence of mobile block-chain technology and contents industry', and about 150 people including industry academicians and employees related to block-chains participated.
The seminar was divided into two parts and presented various topics including the overall changes and vision of the converged contents industry that will be developed based on the block-chain technology.
In the first part, Woon-yeol Chung, LG CNS Executive Director, presented 'Block-chain Platform Mona Chain', EDRA KOREA CTO Hyunchul Seo presented ‘EDRA’s Vision and Ecosystem, and Chun-il Kim, Fractal CEO presented ‘Play Data Tokenization of Gamers'.
In the second part, Woong-kyum Kim, Block-chain Ventures CEO presented "Improvement of game money ecosystem through block-chain", Hee-yong Lee K-Star Live CEO presented, "Block chain ecosystem created with 300 million Korean fandom," and Professor Hyungjong Kim presented “Development of block-chain technology and training of manpower in the 4th Industrialization Era".
Source: Global Economic News (http://www.getnews.co.kr) | May 18th, 2018 10:08
** Visit Us! **
Homepage: www.edra.io
Facebook: www.facebook.com/edra.kor.94
Telegram community(English): https://t.me/edra_official
EDRA KOREA is currently filing for the following 5 patents: Logical block-chain distribution technology, Sharing block-chain ledger processing security technology(3 Way Confirm), Real-time block-chain transaction notice technology, Side Chain Application Transplant Block Switching Technology, and ‘Double Block-chain Switching Technology’.
In the second half of the year, EDRA not only has a plan to release the smartphone embedded EDRA platform, but also to open an era of next-generation block-chain that can pay for phone charges, and conduct financial transactions through mined coins gaining from activities such as web searching, listening to music and gaming.
Meanwhile, the seminar, organized by the Korea Block-chain Contents Association Committee, was held under the theme of 'the convergence of mobile block-chain technology and contents industry', and about 150 people including industry academicians and employees related to block-chains participated.
The seminar was divided into two parts and presented various topics including the overall changes and vision of the converged contents industry that will be developed based on the block-chain technology.
In the first part, Woon-yeol Chung, LG CNS Executive Director, presented 'Block-chain Platform Mona Chain', EDRA KOREA CTO Hyunchul Seo presented ‘EDRA’s Vision and Ecosystem, and Chun-il Kim, Fractal CEO presented ‘Play Data Tokenization of Gamers'.
In the second part, Woong-kyum Kim, Block-chain Ventures CEO presented "Improvement of game money ecosystem through block-chain", Hee-yong Lee K-Star Live CEO presented, "Block chain ecosystem created with 300 million Korean fandom," and Professor Hyungjong Kim presented “Development of block-chain technology and training of manpower in the 4th Industrialization Era".
Source: Global Economic News (http://www.getnews.co.kr) | May 18th, 2018 10:08
** Visit Us! **
Homepage: www.edra.io
Facebook: www.facebook.com/edra.kor.94
Telegram community(English): https://t.me/edra_official
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