Beyond Blockchain Platform
for Everyone, Everyday and Every Use
我们采用了以经济学理论为基础的协议运算法，能保护自己主权的DID技术，发行货币自动控制和公平的分配原则，能解决储存问题的压缩技术等区块链行业需求的创新技术。
SymVerse是，以多个区块链技术为基础通过自己主权型分散ID（DID, Decentralized Identifiers）与弹性用户管理系统（CA, Citizen Alliance）的支持提高信赖性和便利性的世界最早的独自研发成功的区块链平台。我们系统提供，以BFT为基础实现速度最快的协议运算法，能大大减少区块链容量的压缩技术，依据生态系贡献度的公平分配原则等，能实现参与人的自愿参与和能持续扩张的机制。
我们采用了以经济学理论为基础的协议运算法，能保护自己主权的DID技术，发行货币自动控制和公平的分配原则，能解决储存问题的压缩技术等区块链行业需求的创新技术。
通过研发多样的服务平台而上市 拓宽到整个世界领域， 将成为全球性的企业。
通过研发多样的服务平台而上市 拓宽到整个世界领域， 将成为全球性的企业。
SymVerse delivers ultra-fast performance with core values of practicality, symbiosis, and continuous expansion. SymVerse, which stands for ‘Initial Blockchain’, is a platform optimized for DApps and users with ‘MoSym’, an identity wallet equipped with a leading Universal Distributed ID (UDID) and a coupon type practical token system. SymVerse has assisted (Incubated) startups to establish and grow with DApp development, token economy, and business consulting through accumulated technology and experience in the Blockchain field. Korean News Link http://www.cctvnews.co.kr/news/articleView.html?idxno=151054
The 3rd Blockchain Industry Innovation Conference (BIIC2019) will be held in Gangnam Grand InterContinental Seoul on December 3–4. The event will be attended by blockchain related associations and companies that are engaged in the realization of blockchain under the theme of ‘2020 Blockchain Industry’s Directions & Prospects’ and Choi Soo-hyuk, CEO of SymVerse will speak in the platform sector of the event. <Korean news link> https://www.hkbnews.com/article/view/4768
Korea CEO Summit will hold the 7th World Blockchain Summit MARVELS Seoul 2019 on the 20th at the Shilla Hotel in Seoul, under the theme of “Innovation for a Better Life.” <Korean news link> http://www.blockchaintoday.co.kr/news/articleView.html?idxno=11427
<Home&Move O2O service concept-map> Home & Move, a subsidiary of Tong-In Express, will launch a joint venture with SymVerse’s R&D, WiseM Global, to launch their dApp on the SymVerse mainnet platform! <Korea news link> http://www.marketnews.co.kr/news/articleView.html?idxno=38597
Hello from the SymVerse team, We are proud to announce the great news to all our followers around the globe. The long awaited SymVerse Mainnet 1.0 is finally here! The genesis block was successfully created at 2:44 PM, on October 21, 2019. The average block finality clocks in at 1.45 second, and so far, 440,484 Main Blocks, 192 Citizen Blocks, and 8 Warrant Blocks have been created. Now that the mainnet has launched, people can expect the various potentials that can be leveraged onto the ecosystem. As we already have announced before, SymVerse is prepared to showcase the various dApp services in the coming months. Updates regarding dApps and mainnet protocol will continue to be posted. 900 million of SCT-20 based SYM coins were generated instead of the existing ERC-20 SYM tokens from the genesis block. The respective SymID accounts for Oracle, CA, and Node have been created. The details of the SYM token swap will be provided later. You can check the current block creation status of Nodes and various technical stats here. You can look up real-time transactions and network status via SymVerse blockchain explorer here. I would like to express my sincere gratitude to SymVerse developers and staffs who have been developing tirelessly since the spring of 2018. We look forward to your continued interest in the SymVerse ecosystem. As a closing statement, I would like to end with a quote stated by our supporters Blockchain is a miraculous technology and we are going to hear a lot about it. — Thomas Sargent- Nobel Prize laureate in Economic Sciences Blockchain is going to structure a lot about the human future. — Jonathan Haidt — Social psychologist at NYU’s Stern School of Business and ‘Top 100 Global Thinker’ by Foreign Policy Magazine SymVerse Community Official links Official Homepage: https://www.symverse.com/Telegram: https://t.me/SymVerseChannelMedium: https://medium.com/symverseTwitter: https://www.twitter.com/symverseKakaoTalk (KOR): https://open.kakao.com/o/ggsgzhabYoutube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3zv-brA
STX Aero Service announced on the 24th that it demonstrated how aviation maintenance and parts can be recorded via blockchain at the International Air Transport Association (IATA) Maintenance Cost Conference, held in Athens, Greece.The demonstration was presented by Dr. Choi Soo-hyuk, who is currently an adjunct professor of blockchain at Korea University. STX Aero Service reported that blockchain has shown to be a useful tool to prevent forgery and alteration of aviation parts as well as to keep track of maintenance history, as evidenced through the recent collaboration with Dr. Choi. STX Aero Service plans to implement the technology to complete its landing gear system within the coming months and start its pilot service early next year. The company has reported that global airlines such as the US and Europe has shown great interest in this software solution. IATA MCC Overview MCC (Maintance Cost Conference), which considers to be one of the saught after gatherings among airline alliances, is a highly interactive, 2-day conference that features presentations and discussions with relevant industry stakeholders. The aim is to exchange ideas, share operational experiences, and come up with a collaborative solutions that benefit the industry as a whole. STX Aero Service Overview STX Aero Service, a subsidiary of STX Corporation which was established last year, provides a high-end MRO (Maintenance, Repair, and Overhaul) services. Currently the company has launched a landing gear overhaul service, which estimates to about 100 billion won a year ($84 million) in revenue and has plans to expand its services into technology management as well as line and component maintenance. Referencehttp://m.mk.co.kr/news/amp/headline/2019/759982https://cm.asiae.co.kr/article/2019092410074409136https://www.iata.org/events/Pages/maintenance-cost-conference.aspxhttp://www.stxaeroservice.com/
SymVerse mainnet platform announced another dApp partnership with NiX-M, a payment dApp that is looking for ways to enable real-life use cases.NiX aims to attract real users by providing blockchain-based payment service that can be used for daily spending, both in online and offline markets. Users can enjoy the benefits of having various payment options available to them when paying for goods and services in various categories, such as fashion, e-sports, tourism, plastic surgery, and more. “There will be many more surprises in the future,” said Yu-joo Kim, CEO of NiX. He plans to announce the roll-out of their partnerships once all of their viable businesses have been reviewed and confirmed. SymVerse blockchain network, a platform which NiX-M plans to run its smart contracts on, is a forward thinking blockchain technology which incorporates various game theory concepts. Built with four principles in mind (pragmatism, scalability, symbiosis, and sustainability), SymVerse is made for the users of all types to seamlessly deploy and use the services and encourage active participation in the network. Yu-joo Kim, CEO of NiX, said, “This cooperation will allow all hosts of games and services to be securely deployed and operated at scale under SymVerse network.”SymVerse mainnet is based on heterogeneous blockchain that is currently looking to solve major scalability issues that the current blockchains face. Moreover, it is equipped with a functional smart contract that is packed with useful features and the design is simple enough even for non-programmers to deploy on services in the network. It is currently undergoing many rounds of testing in preparation for the self-sovereign based distributed identifiers (DIDs), as well as its unique user management system (also known as CA, Citizen Alliance). Once these features are fully implemented into SymVerse blockchain network, it can identify and authenticate the identity of an individual via a tamper-proof distributed ledger and incentivize users to selectively control and manage their data. All these features will be available under SymWallet, SymVerse’s proprietary mobile application, along with other useful services, such as built-in OTC market, dApp coupons, and messenger. Reference 파이낸스투데이(http://www.fntoday.co.kr)
SymVerse mainnet platform is cooperating with ‘4th Revolution’ & ‘ValueShopping’, an automatic real estate price inquiry system. Both entities have agreed to work together to advance into the real estate market in Korea. By incorporating 4th Revolution’s IT infrastructure with Sejong’s (property appraisal firm in Korea) expansive, multi-year development of real estate database and AVM (Automated Valuation Model), ValueShopping now has over 50 million property listings available in all regions of South Korea, with the function to call-up updated information in real-time. This is all available via their native map in both web as well as mobile app. In addition to property listings, you can find additional information on real estate such as listed price, public price announcements, and realization rates. This will be the first attempt of real estate services integrating blockchain for a real-life use case in South Korea. When this partnership is in full effect, SymVerse can take advantage of the vast amount of database by using its trusted public network. Information stored on the blockchain cannot be tampered with, thus vital information can be secured permanently. Such arrangements can create a legally binding effect. ValueShopping is expected to be installed in SymVerse’s native wallet and will become a central role in leading the real estate project. SymVerse has created an identity-type wallet using its distributed ID and is putting together a convenient payment module that integrates wallet directly to the merchant’s homepage and shopping mall. Reference http://www.mirae.news/news/articleView.html?idxno=152
MARVELS Summit is one of the leading blockchain conference in Asia, where CEOs, developers, investors and lawmakers, government officials, and legal experts gather to share their insights, prospects, and perspectives on the latest trends in the industry, regulatory hurdles, technology, and more. In addition to attending Blockchain Summit MARVELS at the end of previous year, SymVerse participated once again for their second annual event, held at APEC House convention in Busan, on August 29. The CEO of SymVerse, Choi Soo-hyuk, joined as one of the panelists, along with many other leaders of various sectors, whom include Bong-gyu Park, chairman of Korea CIO Summit, Hee-kyung Song, Member of Parliament, Jae-soo Yoo, Vice Mayor of Busan Metropolitan City, Tae-won Kim, Glosfer/ HYCON CEO, Yoo-Joo Kim, CEO of NiX/MOBBA, Young-hwan Oh, CEO of Gamebit, Eun-yeon Hwang, CEO of A-NEX, Il-soo Jang, CEO of Alcol, Seongho Na, CEO of SEEDETEC, Sun Mook Lim, CEO of Datagen, Chang-bae Sohn, CEO of Twining, Jong Myung Lee, CEO of DawinKS, and Do-hyun Ryu, CEO of PAYANPAY. The event was held under the theme of “A land of opportunity Busan, a blockchain regulation free zone’’. The session was kicked off by a keynote speech, which informed the public of Busan’s blockchain regulation free zone, then followed by various sessions on the topics of blockchain-based certificate issuance services and real world blockchain applications. Busan’s Vice Mayor for Economic Affairs, Jae-soo Yoo, who gave the keynote speech at the event, is trying to find ways to form clear ground rules to reduce frictions on blockchain regulations and provide more sustainable and ‘crypto-friendly’ business environment. According to a local news report, he stated that he has plans to put forward a proposal to allow ICO funding in the region within this year. SymVerse CEO Soo-hyuk Choi said, “As blockchain market expanding rapidly throughout the world, Korea should be at the forefront of adoption.” “It is a hopeful sign that Korea stepped up to loosen some of the regulatory pressures amid complex jurisdiction and regulatory uncertainty.” He added, “We believe that our fully integrated wallet and coupon tokenization service is very well suited for a wide range of practical purposes and be an added value to Busan’s alternative currency.”WHY BUSAN? Modeled after Zug region in Switzerland, Busan, South Korea’s second largest city after Seoul, has garnered global attention as it was designated as a “Regulation-Free Zone” to allow blockchain businesses operate in the area with minimum oversight. Under the regulatory sandbox program, South Korean government is expected to invest around 25 million USD in the course of 2 years, supporting various sectors related to finance, tourism, and more. Reference http://theleader.mt.co.kr/articleView.html?no=2019082918537842951&sec=L0806&page=1
SymVerse team announces an additional SYM trading pair with BTC on DigiFinex Global! SYM/BTC trade pair will open on Thursday, 22th of August, @ 11:00 AM (KST). *SymVerse will be using ERC-20 based tokens before re-introducing them to our mainnet. SYM has been performing well beyond expectation, driving the price up as high as 0.003 Eth (approximately $0.60) per SYM on the first trading day. Ever since the first launching of SYM/ETH on DigiFinex, SYM’s daily price movements have been relatively less volatile and quite stable. With the provision of an additional BTC pair on the market, it hopes to gain further exposure to a new customer base, as well as provide more liquidity of SYM. This will be the first step in further strengthening the SymVerse ecosystem, by providing more users options to trade SYM between blockchains. What is SymVerse? SymVerse is a proprietary blockchain platform based on a unique multi-block blockchain, which maximizes reliability and convenience through the support of built-in decentralized identifier (DIDs) and flexible user management system (Citizen Alliance). Our technology aligns to promote the greatest utility for both end users and providers: a consensus algorithm equipped with one of the fastest block confirmations in the industry, a just reward system that encourages voluntary participation, and an efficient data storage technology that dramatically reduces storage capacity. SymVerse allows for both permission-less and permissioned models to coexist within the platform, whereby individuals and enterprises can opt-in according to their business fit or use cases. Private or permissioned system is more suited towards intra-enterprise scenario, where speed and efficiency are critical when operating within selected trust nodes. On the other hand, public or permission-less system is better designed for inter-enterprise strategies where decentralized consensus in an open network is considered more favorable, such as B2C and P2P services. Our ecosystem is built based on the ‘sharing economy’ model and by using a unique ID system called SymID, it can further induce a network effect. This allows for users to use dApp services with ease and for dApp owners to seamlessly integrate blockchain functions to their business logic. Furthermore, SymID also safeguards the data in case of loss or theft. All of this is embedded in our fully-integrated mobile app, called SymWallet. SymVerse has formally signed partnerships with over 30 companies from domestic and abroad and is currently working on joint projects with numerous companies including Hancom Secure Co., Ltd. and Tongin Express Co., Ltd., in order to expand and build real use cases.
South Korean banks have long been showing interest in implementing blockchain technology to their existing legacy system for some time and some are already providing various financial services, from remittances to digital certificates to improve quality and expedite processes of their current business model. Public blockchain platform SymVerse signed an MOU with IBK, one of the largest banks servicing wide spectrum of clients, from retail to small to medium sized sectors. SMEs, which make up half of Korea’s ninety-nine percent of number of enterprises, eighty-eight percent of total employment, thirty-eight percent of export, and fifty-one percent of added value, plays a critical role in the economic development of the Korean economy. And IBK plays a central role in the assistance of SME financing to help grow and expand their businesses. The contents expressed in the MOU between the two parties promised to deliver a supply chain operating system that caters to improve the operation of SMEs. Using the SymID architecture of SymVerse, IBK will provide a decentralized trust system onto their platform for payment and logistic services. If implemented, the platform can authenticate various identities and products via blockchain, provide real-time shipping information remotely, and expedite approval process. This in turn will save service providers a lot of time where it would otherwise require much longer period if done traditionally. For example, online businesses will be able to receive immediate clearing. This would normally take banks up to 2 weeks to process and send out settlement checks. Soo-hyuk Choi, CEO of SymVerse, said, “With the release of our native wallet, SymWallet, which is equipped with self-sovereign ID, is now building services to enable businesses of any scale to issue and trade coupons without having blockchain or coding skills.” He added, “It is also a necessary goal to eliminate repetitive and redundant authentication process during registration or transaction that stave off users from using the service and hinder blockchain adoption in general.” “Blockchain can help streamline the process of practical use in real life,” said Choi, “In that sense, we expect to produce a lot of cooperative efforts with IBK in pursuit of SME financing.” SymVerse, which was listed on the DigiFinex Global on the 25th, showed a surge of more than 800% from its initial price on the first trading day of its listing and succeeded in sustaining the price.
A blockchain platform company, SymVerse, has been confirmed to list its SYM token on July 25, at DigiFinex Global. It will begin the listing pair with SYM/ETH, but also offer BTC and USDT pairings in the future. SymVerse(SYM) will open up its deposit on 25th Jul, 2019 10:00 (GMT+9). Withdrawal and trading service will begin on 26th Jul, 2019 10:00 (GMT+9). SymVerse blockchain is based on the heterogeneous blockchain, equipped with a secure and fast functional smart contract. According to the testing of the mainnet token via SymVerse’s proprietary wallet, it clocks in at a mere second for block creation and confirmation to complete and only 2–3 seconds to complete a transaction. This can be regarded as a significant improvement compared to the EOS blockchain (block generation 0.5 sec, block confirmation 169 sec). In addition, self-sovereign distributed IDs (DIDs), as well as its flexible user management system (also known as CA, Citizen Alliance) make it easier for users to authenticate their identity, streamline registration process, and efficiently control and manage their data when using dApp services. All these features mentioned above will be available in SymWallet, a non-custodial, self-sovereign blockchain wallet which aims to provide users with fully-integrated services, such as crypto deposits and withdrawals, account recovery, proof of identity, built-in decentralized exchange, and a peer-to-peer dApp service platform. What makes SymWallet secure is that users’ keys aren’t stored on the server; They are connected to and operated directly from the nodes of the network. SymVerse recently opened a beta version for Android app, but the app only allows to send and receive SYM tokens (erc-20) for now. Additional features will be available in the future DigiFinex is a major exchange with the 5th largest trading volume on CoinMarketCap. It also supports plethora of language support, such as Korean, Chinese and Indonesian as well as English. Although DigiFinex had launched a branch in Korea last April, it appears that SymVerse has decided to list the market in the DigiFinex Global, expressing its strong commitment to advance into the international market. Latest Information and events regarding the listing, development progress, and news can be found on the SymVerse homepage and social media platforms.
We are excited to announce its partnership with Anduschain and SymVerse platform, which entered into an MoU on 29th of May. The setting in which the agreement took place was at Le Méridien Hotel, Gangnam, Seoul, where Anduschain event was held. Soohyuk Choi (SymVerse) as well as the co-founders Yong Hyup and Sung Jun Park (AndusChain) were all present at the event and outlined the overarching details of the agreement. This is South Korea’s first ever agreement signed between two blockchain platforms. Though this partnership, the two mainnet platforms will work side by side to promote cooperation in the blockchain industry and build collaborative projects that can benefit both ecosystems. It is worth mentioning that one of the co-founders of Anduschain, Sung Jun Park, is also the director of blockchain research center at Dongguk University. The research center played a major role in procuring their consensus algorithm, called the ‘deb’ consensus. SymVerse’s cross-platform blockchain smart wallet, called SymWallet, integrates a plethora of services such as a built-in crypto currency exchange, digital coupons, and messenger. Moreover, you can further secure your wallet and gain access to more functions via SymID, a Self-sovereign distributed ID system.
On May 23rd, SymVerse hosted its second demo day at the Riverside Hotel in Seocho-gu, Seoul. Other notable mentions at the event included the unveiling of SymWallet and a cloud-based blockchain solution called Blockchain-as-a-Service (Baas). Choi Soo-hyuk, CEO of SymVerse said, “I made a decision not to launch an ICO or IEO because I did not want people to see it as a scam or a fraud. We will strive to be the blockchain to have the most dApps in Korea.” Symwallet, which was unveiled at the event, includes various functions such as coupon, payment, and marketplace. It also features a Blockchain-as-a-Service solution that caters to enterprises. It is promised to add a built-in exchange and a messenger platform soon at a later date. “I have confirmed the listing of SYM Token on Digifinex,” Choi said. “The listing date is yet to be determined.” Equipped with the option of making the blockchain network public or private, service providers can easily create dApps tailored to their business needs. Moreover, it provides customers and business owners to directly manage their own personal information, using self-sovereign, distributed ID (DID) technology. Once the user enters his / her personal information for the first time, SymVerse network stores the personal information in a secure repository and issues SymID in return. At the same time, the data gets also recorded on the blockchain. Now, the user can then authenticate the identity with SymID without having the need to provide redundant information when using the dApps on the SymVerse network. “We packed all the features for dApps to be usable in SymWallet,” said Chee Sun Han, the director of the company. “We have built a ubiquitous environment where users can freely interact, all in the wallet.” The company has now partnered with more than 30 dApps, including MP Smart Learning, Tongin Express, and Gentle Mars. The company plans to establish a strategic partnership with Tongin Express to provide a O2O service platform. SymVerse will utilize the data from Tongin for providing delivery, home care, and moving services. Since acquisition of dApps, as well as activation of dApp usage are vital to the long-term sustainability of the overall network, gas fees will be fixed to the same amount every day, regardless of the coin price. He said, “We will be able to pay a fixed transaction fee, every day for a year.” He added, “After that, we will apply a 2% inflation rate per annum to make the gas rate rise consecutively for 30 years.” Reference 데일리토큰 http://www.dailytoken.kr/news/articleView.html?idxno=12823
On April 19th, ‘Team X’ hosted a kick-off event at Decentre, a public relations agency, located in Bongeunsa-ro, Gangnam-gu, where they shared the vision and notable features of their respective projects. Despite gloomy conditions in the crypto market, many leading industry experts and investors participated in the event with great enthusiasm and interest. ‘Team X’ is a blockchain alliance established by five startups that are part of Korea Blockchain Start-up Association. The group is comprised of GiftLand, SymVerse, Quiz Tok, Calorie Coin and MP Coin. Shin Kyung-young, the chairman of the Korean Blockchain Start-up Association (CEO of GiftLand), said, “As the price of Bitcoin finally gained some stability after two years of tumultuous decline, developments surrounding blockchain platforms and dApps have finally started to pick up the pace.” He added, “to make a concerted effort to provide real value and drive adoption in blockchain ecosystem, we created TeamX as a way to gain competitive edge by expanding our user base.” Soohyuk Choi, CEO of SymVerse, describes the self-sovereign method of identity verification on the SymVerse blockchain. He explained, “SymVerse platform provides a decentralized ID system that can conveniently store ID and relevant information to a designated wallet and transfer funds when needed.” He added, “This can solve many problems inherent in the current blockchain.” Moreover, SymVerse ID management allows users to fully control and manage their own data on their personal wallet at any given time, regardless of external circumstances. Choi pointed out the distinct advantages of SymVerse blockchain by saying, “Where Ethereum 2.0 may be vulnerable to manipulation in a proof-of-stake network, SymVerse blockchain has an algorithm that is free from such attacks, with twice the speed.” In addition, the consensus mechanism behind SymVerse platform has allowed for swift consensus process, as well as increased security that blocks malicious nodes and bad actors from participating on the network. This is made possible because SymVerse implements key insights drawn from various disciplines, ranging from Game Theory to Network Design. Currently, SymVerse has been working closely with Tongin Express, famously known for being the oldest home moving service provider in South Korea, to develop blockchain-integrated smart home solutions. SymVerse is also is looking to expand its operations, calling it ‘SymVerse Global Project,’ to regions including the US, Middle East, Thailand and Indonesia. SymVerse is preparing to launch its first IEO by May, ahead of its mainnet launch planned in Q2 later this year. Reference: CCTV뉴스 조중환 기자 http://bitly.kr/nA8Ft0 To learn more about SymVerse, please visit our official links down below: Official Site: https://www.symverse.com/ Telegram (ENG): https://t.me/SymVerse KakaoTalk (KOR): https://open.kakao.com/o/ggsgzhab (password:0110) Medium: https://medium.com/symverse Steemit (KOR): https://steemit.com/@symverse Facebook (KOR): https://www.facebook.com/symverse Twitter: https://www.twitter.com/symverse Youtube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3zv-brA
SymVerse delivers ultra-fast performance with core values of practicality, symbiosis, and continuous expansion. SymVerse, which stands for ‘Initial Blockchain’, is a platform optimized for DApps and users with ‘MoSym’, an identity wallet equipped with a leading Universal Distributed ID (UDID) and a coupon type practical token system. SymVerse has assisted (Incubated) startups to establish and grow with DApp development, token economy, and business consulting through accumulated technology and experience in the Blockchain field. Korean News Link http://www.cctvnews.co.kr/news/articleView.html?idxno=151054
The 3rd Blockchain Industry Innovation Conference (BIIC2019) will be held in Gangnam Grand InterContinental Seoul on December 3–4. The event will be attended by blockchain related associations and companies that are engaged in the realization of blockchain under the theme of ‘2020 Blockchain Industry’s Directions & Prospects’ and Choi Soo-hyuk, CEO of SymVerse will speak in the platform sector of the event. <Korean news link> https://www.hkbnews.com/article/view/4768
Korea CEO Summit will hold the 7th World Blockchain Summit MARVELS Seoul 2019 on the 20th at the Shilla Hotel in Seoul, under the theme of “Innovation for a Better Life.” <Korean news link> http://www.blockchaintoday.co.kr/news/articleView.html?idxno=11427
<Home&Move O2O service concept-map> Home & Move, a subsidiary of Tong-In Express, will launch a joint venture with SymVerse’s R&D, WiseM Global, to launch their dApp on the SymVerse mainnet platform! <Korea news link> http://www.marketnews.co.kr/news/articleView.html?idxno=38597
Hello from the SymVerse team, We are proud to announce the great news to all our followers around the globe. The long awaited SymVerse Mainnet 1.0 is finally here! The genesis block was successfully created at 2:44 PM, on October 21, 2019. The average block finality clocks in at 1.45 second, and so far, 440,484 Main Blocks, 192 Citizen Blocks, and 8 Warrant Blocks have been created. Now that the mainnet has launched, people can expect the various potentials that can be leveraged onto the ecosystem. As we already have announced before, SymVerse is prepared to showcase the various dApp services in the coming months. Updates regarding dApps and mainnet protocol will continue to be posted. 900 million of SCT-20 based SYM coins were generated instead of the existing ERC-20 SYM tokens from the genesis block. The respective SymID accounts for Oracle, CA, and Node have been created. The details of the SYM token swap will be provided later. You can check the current block creation status of Nodes and various technical stats here. You can look up real-time transactions and network status via SymVerse blockchain explorer here. I would like to express my sincere gratitude to SymVerse developers and staffs who have been developing tirelessly since the spring of 2018. We look forward to your continued interest in the SymVerse ecosystem. As a closing statement, I would like to end with a quote stated by our supporters Blockchain is a miraculous technology and we are going to hear a lot about it. — Thomas Sargent- Nobel Prize laureate in Economic Sciences Blockchain is going to structure a lot about the human future. — Jonathan Haidt — Social psychologist at NYU’s Stern School of Business and ‘Top 100 Global Thinker’ by Foreign Policy Magazine SymVerse Community Official links Official Homepage: https://www.symverse.com/Telegram: https://t.me/SymVerseChannelMedium: https://medium.com/symverseTwitter: https://www.twitter.com/symverseKakaoTalk (KOR): https://open.kakao.com/o/ggsgzhabYoutube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3zv-brA
STX Aero Service announced on the 24th that it demonstrated how aviation maintenance and parts can be recorded via blockchain at the International Air Transport Association (IATA) Maintenance Cost Conference, held in Athens, Greece.The demonstration was presented by Dr. Choi Soo-hyuk, who is currently an adjunct professor of blockchain at Korea University. STX Aero Service reported that blockchain has shown to be a useful tool to prevent forgery and alteration of aviation parts as well as to keep track of maintenance history, as evidenced through the recent collaboration with Dr. Choi. STX Aero Service plans to implement the technology to complete its landing gear system within the coming months and start its pilot service early next year. The company has reported that global airlines such as the US and Europe has shown great interest in this software solution. IATA MCC Overview MCC (Maintance Cost Conference), which considers to be one of the saught after gatherings among airline alliances, is a highly interactive, 2-day conference that features presentations and discussions with relevant industry stakeholders. The aim is to exchange ideas, share operational experiences, and come up with a collaborative solutions that benefit the industry as a whole. STX Aero Service Overview STX Aero Service, a subsidiary of STX Corporation which was established last year, provides a high-end MRO (Maintenance, Repair, and Overhaul) services. Currently the company has launched a landing gear overhaul service, which estimates to about 100 billion won a year ($84 million) in revenue and has plans to expand its services into technology management as well as line and component maintenance. Referencehttp://m.mk.co.kr/news/amp/headline/2019/759982https://cm.asiae.co.kr/article/2019092410074409136https://www.iata.org/events/Pages/maintenance-cost-conference.aspxhttp://www.stxaeroservice.com/
SymVerse mainnet platform announced another dApp partnership with NiX-M, a payment dApp that is looking for ways to enable real-life use cases.NiX aims to attract real users by providing blockchain-based payment service that can be used for daily spending, both in online and offline markets. Users can enjoy the benefits of having various payment options available to them when paying for goods and services in various categories, such as fashion, e-sports, tourism, plastic surgery, and more. “There will be many more surprises in the future,” said Yu-joo Kim, CEO of NiX. He plans to announce the roll-out of their partnerships once all of their viable businesses have been reviewed and confirmed. SymVerse blockchain network, a platform which NiX-M plans to run its smart contracts on, is a forward thinking blockchain technology which incorporates various game theory concepts. Built with four principles in mind (pragmatism, scalability, symbiosis, and sustainability), SymVerse is made for the users of all types to seamlessly deploy and use the services and encourage active participation in the network. Yu-joo Kim, CEO of NiX, said, “This cooperation will allow all hosts of games and services to be securely deployed and operated at scale under SymVerse network.”SymVerse mainnet is based on heterogeneous blockchain that is currently looking to solve major scalability issues that the current blockchains face. Moreover, it is equipped with a functional smart contract that is packed with useful features and the design is simple enough even for non-programmers to deploy on services in the network. It is currently undergoing many rounds of testing in preparation for the self-sovereign based distributed identifiers (DIDs), as well as its unique user management system (also known as CA, Citizen Alliance). Once these features are fully implemented into SymVerse blockchain network, it can identify and authenticate the identity of an individual via a tamper-proof distributed ledger and incentivize users to selectively control and manage their data. All these features will be available under SymWallet, SymVerse’s proprietary mobile application, along with other useful services, such as built-in OTC market, dApp coupons, and messenger. Reference 파이낸스투데이(http://www.fntoday.co.kr)
SymVerse mainnet platform is cooperating with ‘4th Revolution’ & ‘ValueShopping’, an automatic real estate price inquiry system. Both entities have agreed to work together to advance into the real estate market in Korea. By incorporating 4th Revolution’s IT infrastructure with Sejong’s (property appraisal firm in Korea) expansive, multi-year development of real estate database and AVM (Automated Valuation Model), ValueShopping now has over 50 million property listings available in all regions of South Korea, with the function to call-up updated information in real-time. This is all available via their native map in both web as well as mobile app. In addition to property listings, you can find additional information on real estate such as listed price, public price announcements, and realization rates. This will be the first attempt of real estate services integrating blockchain for a real-life use case in South Korea. When this partnership is in full effect, SymVerse can take advantage of the vast amount of database by using its trusted public network. Information stored on the blockchain cannot be tampered with, thus vital information can be secured permanently. Such arrangements can create a legally binding effect. ValueShopping is expected to be installed in SymVerse’s native wallet and will become a central role in leading the real estate project. SymVerse has created an identity-type wallet using its distributed ID and is putting together a convenient payment module that integrates wallet directly to the merchant’s homepage and shopping mall. Reference http://www.mirae.news/news/articleView.html?idxno=152
MARVELS Summit is one of the leading blockchain conference in Asia, where CEOs, developers, investors and lawmakers, government officials, and legal experts gather to share their insights, prospects, and perspectives on the latest trends in the industry, regulatory hurdles, technology, and more. In addition to attending Blockchain Summit MARVELS at the end of previous year, SymVerse participated once again for their second annual event, held at APEC House convention in Busan, on August 29. The CEO of SymVerse, Choi Soo-hyuk, joined as one of the panelists, along with many other leaders of various sectors, whom include Bong-gyu Park, chairman of Korea CIO Summit, Hee-kyung Song, Member of Parliament, Jae-soo Yoo, Vice Mayor of Busan Metropolitan City, Tae-won Kim, Glosfer/ HYCON CEO, Yoo-Joo Kim, CEO of NiX/MOBBA, Young-hwan Oh, CEO of Gamebit, Eun-yeon Hwang, CEO of A-NEX, Il-soo Jang, CEO of Alcol, Seongho Na, CEO of SEEDETEC, Sun Mook Lim, CEO of Datagen, Chang-bae Sohn, CEO of Twining, Jong Myung Lee, CEO of DawinKS, and Do-hyun Ryu, CEO of PAYANPAY. The event was held under the theme of “A land of opportunity Busan, a blockchain regulation free zone’’. The session was kicked off by a keynote speech, which informed the public of Busan’s blockchain regulation free zone, then followed by various sessions on the topics of blockchain-based certificate issuance services and real world blockchain applications. Busan’s Vice Mayor for Economic Affairs, Jae-soo Yoo, who gave the keynote speech at the event, is trying to find ways to form clear ground rules to reduce frictions on blockchain regulations and provide more sustainable and ‘crypto-friendly’ business environment. According to a local news report, he stated that he has plans to put forward a proposal to allow ICO funding in the region within this year. SymVerse CEO Soo-hyuk Choi said, “As blockchain market expanding rapidly throughout the world, Korea should be at the forefront of adoption.” “It is a hopeful sign that Korea stepped up to loosen some of the regulatory pressures amid complex jurisdiction and regulatory uncertainty.” He added, “We believe that our fully integrated wallet and coupon tokenization service is very well suited for a wide range of practical purposes and be an added value to Busan’s alternative currency.”WHY BUSAN? Modeled after Zug region in Switzerland, Busan, South Korea’s second largest city after Seoul, has garnered global attention as it was designated as a “Regulation-Free Zone” to allow blockchain businesses operate in the area with minimum oversight. Under the regulatory sandbox program, South Korean government is expected to invest around 25 million USD in the course of 2 years, supporting various sectors related to finance, tourism, and more. Reference http://theleader.mt.co.kr/articleView.html?no=2019082918537842951&sec=L0806&page=1
SymVerse team announces an additional SYM trading pair with BTC on DigiFinex Global! SYM/BTC trade pair will open on Thursday, 22th of August, @ 11:00 AM (KST). *SymVerse will be using ERC-20 based tokens before re-introducing them to our mainnet. SYM has been performing well beyond expectation, driving the price up as high as 0.003 Eth (approximately $0.60) per SYM on the first trading day. Ever since the first launching of SYM/ETH on DigiFinex, SYM’s daily price movements have been relatively less volatile and quite stable. With the provision of an additional BTC pair on the market, it hopes to gain further exposure to a new customer base, as well as provide more liquidity of SYM. This will be the first step in further strengthening the SymVerse ecosystem, by providing more users options to trade SYM between blockchains. What is SymVerse? SymVerse is a proprietary blockchain platform based on a unique multi-block blockchain, which maximizes reliability and convenience through the support of built-in decentralized identifier (DIDs) and flexible user management system (Citizen Alliance). Our technology aligns to promote the greatest utility for both end users and providers: a consensus algorithm equipped with one of the fastest block confirmations in the industry, a just reward system that encourages voluntary participation, and an efficient data storage technology that dramatically reduces storage capacity. SymVerse allows for both permission-less and permissioned models to coexist within the platform, whereby individuals and enterprises can opt-in according to their business fit or use cases. Private or permissioned system is more suited towards intra-enterprise scenario, where speed and efficiency are critical when operating within selected trust nodes. On the other hand, public or permission-less system is better designed for inter-enterprise strategies where decentralized consensus in an open network is considered more favorable, such as B2C and P2P services. Our ecosystem is built based on the ‘sharing economy’ model and by using a unique ID system called SymID, it can further induce a network effect. This allows for users to use dApp services with ease and for dApp owners to seamlessly integrate blockchain functions to their business logic. Furthermore, SymID also safeguards the data in case of loss or theft. All of this is embedded in our fully-integrated mobile app, called SymWallet. SymVerse has formally signed partnerships with over 30 companies from domestic and abroad and is currently working on joint projects with numerous companies including Hancom Secure Co., Ltd. and Tongin Express Co., Ltd., in order to expand and build real use cases.
South Korean banks have long been showing interest in implementing blockchain technology to their existing legacy system for some time and some are already providing various financial services, from remittances to digital certificates to improve quality and expedite processes of their current business model. Public blockchain platform SymVerse signed an MOU with IBK, one of the largest banks servicing wide spectrum of clients, from retail to small to medium sized sectors. SMEs, which make up half of Korea’s ninety-nine percent of number of enterprises, eighty-eight percent of total employment, thirty-eight percent of export, and fifty-one percent of added value, plays a critical role in the economic development of the Korean economy. And IBK plays a central role in the assistance of SME financing to help grow and expand their businesses. The contents expressed in the MOU between the two parties promised to deliver a supply chain operating system that caters to improve the operation of SMEs. Using the SymID architecture of SymVerse, IBK will provide a decentralized trust system onto their platform for payment and logistic services. If implemented, the platform can authenticate various identities and products via blockchain, provide real-time shipping information remotely, and expedite approval process. This in turn will save service providers a lot of time where it would otherwise require much longer period if done traditionally. For example, online businesses will be able to receive immediate clearing. This would normally take banks up to 2 weeks to process and send out settlement checks. Soo-hyuk Choi, CEO of SymVerse, said, “With the release of our native wallet, SymWallet, which is equipped with self-sovereign ID, is now building services to enable businesses of any scale to issue and trade coupons without having blockchain or coding skills.” He added, “It is also a necessary goal to eliminate repetitive and redundant authentication process during registration or transaction that stave off users from using the service and hinder blockchain adoption in general.” “Blockchain can help streamline the process of practical use in real life,” said Choi, “In that sense, we expect to produce a lot of cooperative efforts with IBK in pursuit of SME financing.” SymVerse, which was listed on the DigiFinex Global on the 25th, showed a surge of more than 800% from its initial price on the first trading day of its listing and succeeded in sustaining the price.
A blockchain platform company, SymVerse, has been confirmed to list its SYM token on July 25, at DigiFinex Global. It will begin the listing pair with SYM/ETH, but also offer BTC and USDT pairings in the future. SymVerse(SYM) will open up its deposit on 25th Jul, 2019 10:00 (GMT+9). Withdrawal and trading service will begin on 26th Jul, 2019 10:00 (GMT+9). SymVerse blockchain is based on the heterogeneous blockchain, equipped with a secure and fast functional smart contract. According to the testing of the mainnet token via SymVerse’s proprietary wallet, it clocks in at a mere second for block creation and confirmation to complete and only 2–3 seconds to complete a transaction. This can be regarded as a significant improvement compared to the EOS blockchain (block generation 0.5 sec, block confirmation 169 sec). In addition, self-sovereign distributed IDs (DIDs), as well as its flexible user management system (also known as CA, Citizen Alliance) make it easier for users to authenticate their identity, streamline registration process, and efficiently control and manage their data when using dApp services. All these features mentioned above will be available in SymWallet, a non-custodial, self-sovereign blockchain wallet which aims to provide users with fully-integrated services, such as crypto deposits and withdrawals, account recovery, proof of identity, built-in decentralized exchange, and a peer-to-peer dApp service platform. What makes SymWallet secure is that users’ keys aren’t stored on the server; They are connected to and operated directly from the nodes of the network. SymVerse recently opened a beta version for Android app, but the app only allows to send and receive SYM tokens (erc-20) for now. Additional features will be available in the future DigiFinex is a major exchange with the 5th largest trading volume on CoinMarketCap. It also supports plethora of language support, such as Korean, Chinese and Indonesian as well as English. Although DigiFinex had launched a branch in Korea last April, it appears that SymVerse has decided to list the market in the DigiFinex Global, expressing its strong commitment to advance into the international market. Latest Information and events regarding the listing, development progress, and news can be found on the SymVerse homepage and social media platforms.
We are excited to announce its partnership with Anduschain and SymVerse platform, which entered into an MoU on 29th of May. The setting in which the agreement took place was at Le Méridien Hotel, Gangnam, Seoul, where Anduschain event was held. Soohyuk Choi (SymVerse) as well as the co-founders Yong Hyup and Sung Jun Park (AndusChain) were all present at the event and outlined the overarching details of the agreement. This is South Korea’s first ever agreement signed between two blockchain platforms. Though this partnership, the two mainnet platforms will work side by side to promote cooperation in the blockchain industry and build collaborative projects that can benefit both ecosystems. It is worth mentioning that one of the co-founders of Anduschain, Sung Jun Park, is also the director of blockchain research center at Dongguk University. The research center played a major role in procuring their consensus algorithm, called the ‘deb’ consensus. SymVerse’s cross-platform blockchain smart wallet, called SymWallet, integrates a plethora of services such as a built-in crypto currency exchange, digital coupons, and messenger. Moreover, you can further secure your wallet and gain access to more functions via SymID, a Self-sovereign distributed ID system.
On May 23rd, SymVerse hosted its second demo day at the Riverside Hotel in Seocho-gu, Seoul. Other notable mentions at the event included the unveiling of SymWallet and a cloud-based blockchain solution called Blockchain-as-a-Service (Baas). Choi Soo-hyuk, CEO of SymVerse said, “I made a decision not to launch an ICO or IEO because I did not want people to see it as a scam or a fraud. We will strive to be the blockchain to have the most dApps in Korea.” Symwallet, which was unveiled at the event, includes various functions such as coupon, payment, and marketplace. It also features a Blockchain-as-a-Service solution that caters to enterprises. It is promised to add a built-in exchange and a messenger platform soon at a later date. “I have confirmed the listing of SYM Token on Digifinex,” Choi said. “The listing date is yet to be determined.” Equipped with the option of making the blockchain network public or private, service providers can easily create dApps tailored to their business needs. Moreover, it provides customers and business owners to directly manage their own personal information, using self-sovereign, distributed ID (DID) technology. Once the user enters his / her personal information for the first time, SymVerse network stores the personal information in a secure repository and issues SymID in return. At the same time, the data gets also recorded on the blockchain. Now, the user can then authenticate the identity with SymID without having the need to provide redundant information when using the dApps on the SymVerse network. “We packed all the features for dApps to be usable in SymWallet,” said Chee Sun Han, the director of the company. “We have built a ubiquitous environment where users can freely interact, all in the wallet.” The company has now partnered with more than 30 dApps, including MP Smart Learning, Tongin Express, and Gentle Mars. The company plans to establish a strategic partnership with Tongin Express to provide a O2O service platform. SymVerse will utilize the data from Tongin for providing delivery, home care, and moving services. Since acquisition of dApps, as well as activation of dApp usage are vital to the long-term sustainability of the overall network, gas fees will be fixed to the same amount every day, regardless of the coin price. He said, “We will be able to pay a fixed transaction fee, every day for a year.” He added, “After that, we will apply a 2% inflation rate per annum to make the gas rate rise consecutively for 30 years.” Reference 데일리토큰 http://www.dailytoken.kr/news/articleView.html?idxno=12823
On April 19th, ‘Team X’ hosted a kick-off event at Decentre, a public relations agency, located in Bongeunsa-ro, Gangnam-gu, where they shared the vision and notable features of their respective projects. Despite gloomy conditions in the crypto market, many leading industry experts and investors participated in the event with great enthusiasm and interest. ‘Team X’ is a blockchain alliance established by five startups that are part of Korea Blockchain Start-up Association. The group is comprised of GiftLand, SymVerse, Quiz Tok, Calorie Coin and MP Coin. Shin Kyung-young, the chairman of the Korean Blockchain Start-up Association (CEO of GiftLand), said, “As the price of Bitcoin finally gained some stability after two years of tumultuous decline, developments surrounding blockchain platforms and dApps have finally started to pick up the pace.” He added, “to make a concerted effort to provide real value and drive adoption in blockchain ecosystem, we created TeamX as a way to gain competitive edge by expanding our user base.” Soohyuk Choi, CEO of SymVerse, describes the self-sovereign method of identity verification on the SymVerse blockchain. He explained, “SymVerse platform provides a decentralized ID system that can conveniently store ID and relevant information to a designated wallet and transfer funds when needed.” He added, “This can solve many problems inherent in the current blockchain.” Moreover, SymVerse ID management allows users to fully control and manage their own data on their personal wallet at any given time, regardless of external circumstances. Choi pointed out the distinct advantages of SymVerse blockchain by saying, “Where Ethereum 2.0 may be vulnerable to manipulation in a proof-of-stake network, SymVerse blockchain has an algorithm that is free from such attacks, with twice the speed.” In addition, the consensus mechanism behind SymVerse platform has allowed for swift consensus process, as well as increased security that blocks malicious nodes and bad actors from participating on the network. This is made possible because SymVerse implements key insights drawn from various disciplines, ranging from Game Theory to Network Design. Currently, SymVerse has been working closely with Tongin Express, famously known for being the oldest home moving service provider in South Korea, to develop blockchain-integrated smart home solutions. SymVerse is also is looking to expand its operations, calling it ‘SymVerse Global Project,’ to regions including the US, Middle East, Thailand and Indonesia. SymVerse is preparing to launch its first IEO by May, ahead of its mainnet launch planned in Q2 later this year. Reference: CCTV뉴스 조중환 기자 http://bitly.kr/nA8Ft0 To learn more about SymVerse, please visit our official links down below: Official Site: https://www.symverse.com/ Telegram (ENG): https://t.me/SymVerse KakaoTalk (KOR): https://open.kakao.com/o/ggsgzhab (password:0110) Medium: https://medium.com/symverse Steemit (KOR): https://steemit.com/@symverse Facebook (KOR): https://www.facebook.com/symverse Twitter: https://www.twitter.com/symverse Youtube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3zv-brA
SymVerse 生态系的主人就是客户与 DApp. 能简便处理日常交易, 采用公平的分配系统, 所有的人相生(共生), 将进一步建设 '更好的世界'
SymVerse这个名称是，指‘一起‘（together）的词头Sym与指’相互作用‘的（interact）词尾Verse结合而成的新词，就意味着’所有人共同协力‘的’共生‘的意思。 我们会提供，含所有区块链用户自愿参与的‘共生‘和能简便处理日常生活的交易而便利使用的’实用‘的核心价值的全新概念的区块链平台。
SymVerse为了通过区块链实现更好的世界而采用了全新的思路与创新的设计概念
SymVerse为了通过区块链实现更好的世界而采用了全新的思路与创新的设计概念
SymVerse通过能处理所有交易类型的实用性区块链平台, 建设所有参与者能共生的社会经济性区块链生态系.
与SymVerse平台共同并行的dApp和合作和半。
SymVerse 生态系的主人就是客户与 DApp. 能简便处理日常交易, 采用公平的分配系统, 所有的人相生(共生), 将进一步建设 '更好的世界'
SymVerse 生态系的主人就是客户与 DApp. 能简便处理日常交易, 采用公平的分配系统, 所有的人相生(共生), 将进一步建设 '更好的世界'
Testnet Alpha Release
Open Head Office in Dubai
BaaS PoC
Token Release
Testnet Beta Release
dApp Service Testing
SDK Release
Big Data Service Launch
BaaS Launch
Mainnet 1.0 Release
Smart Contract Toolkit Release
Fractal Network Blockchain Release