South Korean Mobile Service Provider Unveils Blockchain OS

Asia Blockchain Review
September 22, 2019
South Korean Mobile Service Provider Unveils Blockchain OS

South Korea’s fourth-largest mobile service provider Union Mobile has released its newest blockchain project to enable customers to use data services without paying for extra roaming fees or sign contracts.

Driving Mobile Services with Blockchain

According to a report by Cointelegraph, Union Mobile announced that its blockchain project called ELYNET will allow users who are signed onto a single carrier to gain better telecom services, as the distributed ledger technology will let users gain easier access to roaming services.

Union Mobile’s CEO Seyong Ro added that ELYNET will also be launched with its own token called ELyX.

“This will help us to realize our business. When users connect to the communications network through ELYNET’s own operating system, they can purchase data through ELyX, a token used in ELYNET’s ecosystem, and freely enjoy mobile data communication anywhere in the world without roaming fees or contracts,” said Ro.

Blockchain Smartphones in Development by Korean Electronics Giants

Another South Korean company, LG, is also developing a blockchain smartphone to challenge Samsung’s Klaytn blockchain smartphone. Cointelegraph reported that the consumer electronics firm is working with blockchain developers to discuss a use case for its product.

However, there have been no further developments announced as to when the blockchain smartphone will be launched or if it will be available in other countries. Samsung’s Klaytn smartphone is only on offer within the South Korean market.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    A China Perspective Exclusively From Bloomberg (Part 1)
    Asia Blockchain Review recently had the privilege to catch up with Miss Chang Shu, Chief Asia Econom...

    July 6, 2020

    Mambu’s APAC MD Lays It All Out
    Asia Blockchain Review had recently talked to Myles Bertrand, the APAC Managing Director for Mambu, ...

    July 5, 2020

    IBM Z and Cybersecurity: The New Normal
    The usual suspects in the hacking circles are still doing their thing, and wreaking havoc on public ...

    July 5, 2020

    Freddy Lee Talks About IBM Z
    These days, clients of all sizes are examining their hybrid IT environments, looking for flexibility...

    July 4, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us