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
Vanguard Group Tests Blockchain-Powered Forex Trading Platform
The Vanguard Group is testing a blockchain platform that will allow asset managers to trade currenci...

October 14, 2019

South Korean Blockchain Provider Blocko Officially Launches in UAE
Blocko, a Samsung-backed enterprise blockchain provider from South Korea, has officially launched it...

October 13, 2019

China Will Likely Approve Yuan-Backed Stablecoin And Blockchain
The yuan-backed CNHT has a good chance of being accepted by China, with the potential to attract inv...

October 13, 2019

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