LG Electronics Launches Its Own Blockchain-based Platform

[Goodcat49]

The IT Electronics giant, a South Korean multinational electronics company, LG has launched its enterprise blockchain platform that according to developers can be put into various numbers of practical use in different sectors like manufacturing and finance.

LG’s subsidiary, LG CNS' own blockchain platform entitled "Monachain" has been created to enable blockchain-based logistics in the fields of manufacturing, communication and finance.

Among the main implementations of Monachain gives a digital currency, digital supply chain management and a digital authentication system. Monachain activates a new type of identification, a decentralised identifier (DID) that can be used for online payments and personal identification through smart devices.
Currently, LG CNS is looking for agreement with domestic banks so that it can bring its digital currency business to a larger population. LG CNS representative said:
"Even further, Monachain can help business owners boost productivity as the company provides a digital supply chain management system that enables suppliers to manage the entire production processing efficiently. "
In mid-2017, LG CNS first disclosed details of its first enterprise blockchain. The platform is based on Corda, a permissioned distributed ledger software created by global banking blockchain consortium headed by R3, a New York-based industry firm.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/lg-electronics-launches-its-own-blockchain-based-platform/

[acmakc12]

I think they have no chance , their aim is some electronic products, but not crypto sphere, they no nothing about it and have no chance to get audience..

[cowz]

I think we will see more big names joining the blockchain revolution. They have an advantage over ICOs in that they already have an established brand

[Niteroy]

In connection with the popularity of cryptocurrencies and blockchain technology, more companies want to integrate blockchain technology into their existing business model. But blockchain technology is really very useful and can increase the security and profitability of different industries and will soon be applied in more often and become routine.