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。
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
GBHB, in short for Global Blockchain Headquarter Base, launched its first ‘2019 Global Blockchain Leader List’ event. It was established in 2018 as a global initiative to accelerate and promote blockchain businesses in the United States, South Korea, Southeast Asia, Australia, and other regions.GBHB was organized by the election committee: Richard Wang from DRAPER DRAGON (China), TokenInsight, M&A Center (Korea), OBITO.IO (Taiwan) and BLOCKTEMPO (Taiwan), and Asia Token Fund (Southeast Asia).The event was co-hosted by QUEST CAPITAL, TEK & LAW, Token Economy Association, PAX Economy TV, Chinese Society of Technology Economics-Blockchain Committee, Great Wall Commune, Block Monster Lab and Korea Blockchain Startup Association.The awards are selected based on the assessment of the industry’s regional influence and contributions from countries around the world. The awarded are divided into four parts: “TOP20 global investment institutions”, “TOP25 global industry experts”, “TOP11 global exchanges” and “TOP51 global star projects.” Among them, SymVerse’s CEO Soohyuk Choi and CMO Sang Kwon Chun was listed under ‘Top 51 Global Star Projects’ and ‘Top 25 global industry experts’ category, respectively.Referencehttp://www.cctvnews.co.kr/news/articleView.html?idxno=114111https://www.hankyung.com/it/article/201904220530vhttp://m.gametoc.hankyung.com/news/articleView.html?idxno=51417&looketapps=1https://mp.weixin.qq.com/s/w-BYbYzQmHssPdxqWVMmCw2019To learn more about SymVerse, please visit our official links down below:Official Site: https://www.symverse.com/Telegram (ENG): https://t.me/SymVerseKakaoTalk (KOR): https://open.kakao.com/o/ggsgzhab (password:0110) Medium: https://medium.com/symverseSteemit (KOR): https://steemit.com/@symverseFacebook (KOR): https://www.facebook.com/symverseTwitter: https://www.twitter.com/symverseYoutube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3
On the 29th of January, Choi Soo-hyuk, CEO of SymVerse Co., Ltd received the Grand Prize Award for the application of industrial convergence at the ‘2019 Blockchain MARVELS Award’ ceremony, hosted and sponsored, respectively, by Korea CEO Summit and Seoul Metropolitan Government. ‘2019 Marvels Awards’ is the first blockchain award ceremony in Korea, held in effort to create awareness on the importance of the blockchain’s role in the Fourth Industrial Revolution and as a way to promote an alternative to the Korean economy from dwindling economic growth in domestic as well as overseas markets. Panel of judges for the candidate selection was chaired by Kim Hyung Joong, professor of Korea University, Kim Yong-dae, professor of Electrical Engineering at KAIST, Park Sung-joon, head of the Blockchain Research Center at Dongguk University, and Han In Seok, honorary president of the University of Utah. Professionals from various disciplines in politics, economics, and culture as well as blockchain luminaries participated in the ceremony. One of the notable attendees included Oh Myung, Korea’s former Deputy Prime Minister and Minister of Science and Technology. The event first kicked off with keynote speakers delivering a detailed explanation of their respective companies, followed by awards given out to each division. Mr. Chun, Vice President of SymVerse, said in his congratulatory speech, “As a public mainnet platform for dApps, SymVerse is equipped with an exceptional technology and we are currently making aggressive business expansion plans worldwide,” and further explained, “this year, the executives will continue to strengthen the ties and cooperation with our investors, customers, and partners and strive to become the best blockchain company Korea has ever created.” Mr. Choi participated as a keynote speaker at the ‘MARVELS Seoul’ conference which was held on the 12th of December of last year. MARVELS is the biggest blockchain conference in Asia, where experts, entrepreneurs, leaders, and investors in the space are gathered to share their insights and perspectives in the latest trends in the industry along with in-depth discussions on the up-and-coming technology and regulatory hurdles. After receiving his doctorate at Northwestern University, Mr. Choi worked as the team leader and research fellow at KISDI (a global ICT policy research institute), which he played a pivotal role in the promotion of national informatization in the ICT industry. He currently works at Korea University as a graduate professor, contributing his knowledge to cultivate students into blockchain professionals. SymVerse is a multi-block blockchain system, which addresses real issues that are tenacious in the blockchain system, such as simplicity, speed, scalability, and fair reward distribution. They consist of several blocks which are linked together to form the blockchains. Implementation of the multi-block blockchain allows essential data to be separated from the non-essential, thus making it an efficient database for transaction. Combining this with the ease to use application feature will allow developers to on-board their dApps easily as well as attracting users to the services. In the future, interoperability between other cryptocurrency platforms will be made available to promote further compatibility between protocols and this will further facilitate the proliferation of dApps. “Our blockchain technology, which is based on the contributon of the sharing economy, will open up a new dawn of revolution where the worldwide adoption for blockchain will be inching closer to reality and the power of sovereignty returns to consumers,” said Choi Soo-hyuk. According to the SymVerse business team, extensive discussions with the global exchanges regarding IEO and listings are currently underway and BaaS (Blockchain as a service aka SMY BaaS) service launch is also in full swing. [reference] http://theleader.mt.co.kr/articleView.html?no=2019020111477832798
On January 3rd, Korea Fintech Industry Association, in conjunction with The Korea Institute of Information and Telecommunication Facilities Engineering, hosted a blockchain workshop against a backdrop of the 10th anniversary of Bitcoin genesis block at Korea University International Center for Converging Technology. The four-hour workshop included variety of topics not limited to Bitcoin, but blockchain technology and ecosystem as a whole. Industry thought leaders from business, law, and academia gathered to share their insights on blockchain’s history, challenges and hurdles in respect to technology, policy, and future. The speakers included Lee In-ho, a professor from Seoul National University, Lee Jung-Yeop, a district judge from Daejeon District Court, Song In-Kyu from Block Chain Investment Research Institute, Kim Yong-Dae, a professor from KAIST, and finally Choi Soo-hyuk, CEO of SymVerse. Dr. Choi kicked off his lecture by talking about the technical progress of its history, covering how different protocols have sprung up in the course of each generation. He emphasized that it is critical for the next generation blockchains to bring forth unique solutions to the technical problems that previous generations have yet to overcome, such as speed and scalability, which hinder economic value and adoption. Dr. Choi pointed out the flaws in Bitcoin and Ethereum which prevent them from reaching full decentralization. He described the performance issues in block production time, consensus, validation nodes, smart contracts, and memory storage in great detail. In the latter part of the lecture, he explained how these core issues can be mitigated through a careful implementation of various approaches, including fair node selection and reward distribution, mathematical proofs, and automated governance.
According to local news outlet JoongAng Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration on Wednesday, November 28, 2018. Choi Soo-hyuk, CEO of SymVerse, calls the company’s platform “the ideal network to operate decentralized applications. Our network is an all-in-one platform characterized by a multi-blockchain structure, which facilitates higher speeds and functions.” Based on the report, the company’s blockchain platform can facilitate transactions at a much quicker pace, as its implementation doesn’t require smart contacts. The snail speed at which blockchain processes transactions has been seen as one of the major obstacles to its widespread adoption. However, SymVerse, with its quick and effective version of the blockchain technology, is looking to bring complete revolution to the technology, thereby helping to bolster its effectiveness and appeal. The platform would also feature a unique identification system which users can use to set new accounts using a unique identification system, known as the ‘SymID,’ thereby making it possible to create seamless transfers of balances between various accounts. The SymVerse network has already seen signups from about 30 companies that will like to launch their applications on the network. Some notable prospective partners include Hancom Secure, an IT firm that has strong ties with the leading office suite developer in Korea, and Chainflix, a peer-to-peer video sharing platform that provides an opportunity for viewers and video creators to mine and earn crypto tokens. Some foreign investors in the company also sent videos to congratulate SymVerse on this milestone. The company has employed the services of Thomas Sargent, a co-recipient of the 2011 Nobel Prize in Economics, who will come on an advisor to the project. A spokesman for the company claimed that “SymVerse is the only blockchain company in the world with a Nobel Prize laureate serving as an advisor. All our advisors are very active in providing us with their input on developing our network.” SymVerse was established back in May, and the company published their whitepaper early this month. It is expected that operations are to begin in the first quarter of 2019. AUTHOR Jimmy Aki (https://www.ccn.com/korean-firm-aims-to-make-blockchain-faster/) Featured image from Shutterstock.
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
GBHB, in short for Global Blockchain Headquarter Base, launched its first ‘2019 Global Blockchain Leader List’ event. It was established in 2018 as a global initiative to accelerate and promote blockchain businesses in the United States, South Korea, Southeast Asia, Australia, and other regions.GBHB was organized by the election committee: Richard Wang from DRAPER DRAGON (China), TokenInsight, M&A Center (Korea), OBITO.IO (Taiwan) and BLOCKTEMPO (Taiwan), and Asia Token Fund (Southeast Asia).The event was co-hosted by QUEST CAPITAL, TEK & LAW, Token Economy Association, PAX Economy TV, Chinese Society of Technology Economics-Blockchain Committee, Great Wall Commune, Block Monster Lab and Korea Blockchain Startup Association.The awards are selected based on the assessment of the industry’s regional influence and contributions from countries around the world. The awarded are divided into four parts: “TOP20 global investment institutions”, “TOP25 global industry experts”, “TOP11 global exchanges” and “TOP51 global star projects.” Among them, SymVerse’s CEO Soohyuk Choi and CMO Sang Kwon Chun was listed under ‘Top 51 Global Star Projects’ and ‘Top 25 global industry experts’ category, respectively.Referencehttp://www.cctvnews.co.kr/news/articleView.html?idxno=114111https://www.hankyung.com/it/article/201904220530vhttp://m.gametoc.hankyung.com/news/articleView.html?idxno=51417&looketapps=1https://mp.weixin.qq.com/s/w-BYbYzQmHssPdxqWVMmCw2019To learn more about SymVerse, please visit our official links down below:Official Site: https://www.symverse.com/Telegram (ENG): https://t.me/SymVerseKakaoTalk (KOR): https://open.kakao.com/o/ggsgzhab (password:0110) Medium: https://medium.com/symverseSteemit (KOR): https://steemit.com/@symverseFacebook (KOR): https://www.facebook.com/symverseTwitter: https://www.twitter.com/symverseYoutube: https://www.youtube.com/channel/UCB8hrWAeXmHIdN5u3
On the 29th of January, Choi Soo-hyuk, CEO of SymVerse Co., Ltd received the Grand Prize Award for the application of industrial convergence at the ‘2019 Blockchain MARVELS Award’ ceremony, hosted and sponsored, respectively, by Korea CEO Summit and Seoul Metropolitan Government. ‘2019 Marvels Awards’ is the first blockchain award ceremony in Korea, held in effort to create awareness on the importance of the blockchain’s role in the Fourth Industrial Revolution and as a way to promote an alternative to the Korean economy from dwindling economic growth in domestic as well as overseas markets. Panel of judges for the candidate selection was chaired by Kim Hyung Joong, professor of Korea University, Kim Yong-dae, professor of Electrical Engineering at KAIST, Park Sung-joon, head of the Blockchain Research Center at Dongguk University, and Han In Seok, honorary president of the University of Utah. Professionals from various disciplines in politics, economics, and culture as well as blockchain luminaries participated in the ceremony. One of the notable attendees included Oh Myung, Korea’s former Deputy Prime Minister and Minister of Science and Technology. The event first kicked off with keynote speakers delivering a detailed explanation of their respective companies, followed by awards given out to each division. Mr. Chun, Vice President of SymVerse, said in his congratulatory speech, “As a public mainnet platform for dApps, SymVerse is equipped with an exceptional technology and we are currently making aggressive business expansion plans worldwide,” and further explained, “this year, the executives will continue to strengthen the ties and cooperation with our investors, customers, and partners and strive to become the best blockchain company Korea has ever created.” Mr. Choi participated as a keynote speaker at the ‘MARVELS Seoul’ conference which was held on the 12th of December of last year. MARVELS is the biggest blockchain conference in Asia, where experts, entrepreneurs, leaders, and investors in the space are gathered to share their insights and perspectives in the latest trends in the industry along with in-depth discussions on the up-and-coming technology and regulatory hurdles. After receiving his doctorate at Northwestern University, Mr. Choi worked as the team leader and research fellow at KISDI (a global ICT policy research institute), which he played a pivotal role in the promotion of national informatization in the ICT industry. He currently works at Korea University as a graduate professor, contributing his knowledge to cultivate students into blockchain professionals. SymVerse is a multi-block blockchain system, which addresses real issues that are tenacious in the blockchain system, such as simplicity, speed, scalability, and fair reward distribution. They consist of several blocks which are linked together to form the blockchains. Implementation of the multi-block blockchain allows essential data to be separated from the non-essential, thus making it an efficient database for transaction. Combining this with the ease to use application feature will allow developers to on-board their dApps easily as well as attracting users to the services. In the future, interoperability between other cryptocurrency platforms will be made available to promote further compatibility between protocols and this will further facilitate the proliferation of dApps. “Our blockchain technology, which is based on the contributon of the sharing economy, will open up a new dawn of revolution where the worldwide adoption for blockchain will be inching closer to reality and the power of sovereignty returns to consumers,” said Choi Soo-hyuk. According to the SymVerse business team, extensive discussions with the global exchanges regarding IEO and listings are currently underway and BaaS (Blockchain as a service aka SMY BaaS) service launch is also in full swing. [reference] http://theleader.mt.co.kr/articleView.html?no=2019020111477832798
On January 3rd, Korea Fintech Industry Association, in conjunction with The Korea Institute of Information and Telecommunication Facilities Engineering, hosted a blockchain workshop against a backdrop of the 10th anniversary of Bitcoin genesis block at Korea University International Center for Converging Technology. The four-hour workshop included variety of topics not limited to Bitcoin, but blockchain technology and ecosystem as a whole. Industry thought leaders from business, law, and academia gathered to share their insights on blockchain’s history, challenges and hurdles in respect to technology, policy, and future. The speakers included Lee In-ho, a professor from Seoul National University, Lee Jung-Yeop, a district judge from Daejeon District Court, Song In-Kyu from Block Chain Investment Research Institute, Kim Yong-Dae, a professor from KAIST, and finally Choi Soo-hyuk, CEO of SymVerse. Dr. Choi kicked off his lecture by talking about the technical progress of its history, covering how different protocols have sprung up in the course of each generation. He emphasized that it is critical for the next generation blockchains to bring forth unique solutions to the technical problems that previous generations have yet to overcome, such as speed and scalability, which hinder economic value and adoption. Dr. Choi pointed out the flaws in Bitcoin and Ethereum which prevent them from reaching full decentralization. He described the performance issues in block production time, consensus, validation nodes, smart contracts, and memory storage in great detail. In the latter part of the lecture, he explained how these core issues can be mitigated through a careful implementation of various approaches, including fair node selection and reward distribution, mathematical proofs, and automated governance.
According to local news outlet JoongAng Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration on Wednesday, November 28, 2018. Choi Soo-hyuk, CEO of SymVerse, calls the company’s platform “the ideal network to operate decentralized applications. Our network is an all-in-one platform characterized by a multi-blockchain structure, which facilitates higher speeds and functions.” Based on the report, the company’s blockchain platform can facilitate transactions at a much quicker pace, as its implementation doesn’t require smart contacts. The snail speed at which blockchain processes transactions has been seen as one of the major obstacles to its widespread adoption. However, SymVerse, with its quick and effective version of the blockchain technology, is looking to bring complete revolution to the technology, thereby helping to bolster its effectiveness and appeal. The platform would also feature a unique identification system which users can use to set new accounts using a unique identification system, known as the ‘SymID,’ thereby making it possible to create seamless transfers of balances between various accounts. The SymVerse network has already seen signups from about 30 companies that will like to launch their applications on the network. Some notable prospective partners include Hancom Secure, an IT firm that has strong ties with the leading office suite developer in Korea, and Chainflix, a peer-to-peer video sharing platform that provides an opportunity for viewers and video creators to mine and earn crypto tokens. Some foreign investors in the company also sent videos to congratulate SymVerse on this milestone. The company has employed the services of Thomas Sargent, a co-recipient of the 2011 Nobel Prize in Economics, who will come on an advisor to the project. A spokesman for the company claimed that “SymVerse is the only blockchain company in the world with a Nobel Prize laureate serving as an advisor. All our advisors are very active in providing us with their input on developing our network.” SymVerse was established back in May, and the company published their whitepaper early this month. It is expected that operations are to begin in the first quarter of 2019. AUTHOR Jimmy Aki (https://www.ccn.com/korean-firm-aims-to-make-blockchain-faster/) Featured image from Shutterstock.
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