The satellite operator owned by South Korea's largest telecommunications company, KT Corporation, is exploring blockchain, the local newspaper EDaily reports on Friday, November 23rd.
KT SAT, which is said to be the only satellite communications operator in Korea with 50 years of experience in the satellite industry, has created a working group to address the use of key emerging technologies, including blockchain, to end of expanding the existing limits of the satellite industry.
Announced yesterday, November 22nd, during the corporate event "2018 KT SAT Partners Day", the new initiative, dubbed the KT SAT Eco Alliance, aims to bring together companies that focus on technology sectors such as Internet of Things (IoT), cybersecurity , 5G, in addition to distributed ledger technologies (DLT) as blockchain.
According to the report, KT SAT plans to carry out a series of events dedicated to three important sectors of information and communication technology (ICT), such as password security, blockchain and maritime satellite communication platforms. According to reports, the company will conduct more workshops, seminars and debates related to the industries.
KT SAT CEO Han Won-sik commented on the event that the KT SAT Eco Alliance is an attempt to meet the needs of a local and global leader in the satellite market, arguing that the industry "needs continue to discover new services through the new ICT convergence ".
At the beginning of November, the global technology giant IBM collaborated with the leading Spanish telecommunications company Telefónica to introduce a tool for handling international traffic of mobile calls.
In October, the Viettel Enterprise Solutions Corporation development group owned by Vietnam's largest telecommunications operator Viettel Group announced its intention to become the country's leading blockchain technology provider in five years.