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The South Korean technology holding SK Group has signed a Memorandum of Understanding (MoU) with ConsenSys for commercial cooperation blockchain, according to an official press release of the SK Group published today, December 4.
SK Holdings C & C is the IT solutions arm of the SK Group, one of South Korea's largest conglomerates. The entity has partnered with ConsenSys, a software company Ethereum (ETH) based in the United States, to create and develop a "hub for the development of corporate blockchains".
The MoU aims to build a business blockchain business model using smart contracts, the press release notes, adding:
"The two companies will begin to explore business models to expand their business of blockchain enterprise through the joint analysis of their blockchain platforms, technologies and services".
The new partnership will also include Ethereum blockchain technology training for Korean developers through ConsenSys Academy and the SK Holdings C & C technical training center, which should be completed by the end of the year.
Back in the summer, ConsenSys had already agreed to advise the Chinese government of Xiongan New Area on blockchain and software solutions to bring new technologies into the Chinese "smart city", as reported by Cointelegraph on July 24th.
SK Group has already taken several steps towards the cryptocurrency market. SK Telecom, a subsidiary of the SK Group, has invested in the Krypte exchange for the first major investors. In the spring, SK Telecom also announced the release of a new technology platform for connecting startup blockchain with investors, as written by Cointelegraph on April 24th.
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