Samsung SDS gets Seoul blockchain project

Samsung SDS has won an order from the Seoul city government to design a roadmap to apply blockchain for administrative use
27 November 2017   1811

Samsung SDS announced on November 26 that it will expand its blockchain business from industries to the public sector, representing its agreement with the Seoul Metropolitan Government.

The software solution development unit of Samsung will work on the Seoul Metropolitan Government’s project to create an information strategy plan based on blockchain technology.

Seoul intends to adopt blockchain technology to its administrative work within the city’s welfare, transportation affairs and by public safety 2022 to enhance transparency operations and raise convenience for citizens.  

Samsung SDS’ blockchain technology and consulting capabilities will contribute to Seoul’s leap as a top-rate global city.

 

Hong Won-pyo

CEO, Samsung SDS

Last month, Samsung SDS also tested the application of the Nextledger to logistical systems by shipping companies, including Hyundai Marine Merchant.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   553

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.