Navigating the Quantum Age: The Hybrid Approach of Bitcoin & Ethereum vs. SymVerse Native Dual Cryptography
Amid concerns over the limitations of existing public-key cryptography due to advancements in quantum computing, Bitcoin and Ethereum are discussing gradual or hybrid transitions. In contrast, SymVerse has begun practical preparation by implementing “Dual Cryptography,” which natively supports both ECDSA and PQC at the mainnet level. #SymVerse #Bitcoin #Ethereum #QuantumComputing #BlockchainSecurity #PQC Warnings are mounting that the rapid development of quantum computing technology could threaten the security systems of existing blockchain networks in the long term. Quantum computers are evaluated as having the potential to theoretically neutralize ECDSA and RSA-based public-key cryptography — currently used as standards — through methods like Shor’s algorithm. Consequently, discussions on countermeasures are intensifying, centering on major public blockchains like Bitcoin and Ethereum. While Bitcoin and Ethereum are reviewing gradual or hybrid transition plans while maintaining their existing structures, SymVerse is garnering attention as a realistic alternative for quantum-resistant blockchains through a mainnet that implements a native Dual Cryptography system supporting both ECDSA and PQC simultaneously. Bitcoin (BTC) maintains an approach that prioritizes network stability and existing security philosophies, showing a cautious attitude toward adopting quantum-resistant cryptography. The direction most widely discussed currently is a hybrid method that runs existing ECDSA address systems alongside future PQC-based addresses; related proposals like BIP-360 are representative of this. This method has the advantage of enabling a gradual transition to a quantum-resistant signature system in the long term while maintaining past transaction history and network reliability. However, it is pointed out that this stage requires broad community consensus due to issues such as migrating hundreds of millions of existing wallets, the possibility of chain splits, and risks during the consensus process. Ethereum (ETH) is showing a relatively more active stance on discussing the introduction of quantum-resistant cryptography based on its more flexible account and signature structures. Core developers, including Vitalik Buterin, have publicly mentioned the necessity of transitioning to PQC within a few years, and EIPs proposing structures that allow the network to recognize and use multiple signature algorithms simultaneously are under discussion. This approach is evaluated as a direction that seeks to enhance security without a network-wide hard fork by allowing account owners to select PQC signature methods. However, analysis suggests that since Ethereum’s core design is also deeply anchored in ECDSA-based account structures, a complete transition to quantum resistance entails technical difficulties as well as burdens in terms of governance and consensus. While both Bitcoin and Ethereum remain in the stage of discussing gradual or transitional responses, SymVerse presents a differentiated strategy by already operating a native mainnet premised on quantum resistance. SymVerse has implemented a Dual Cryptography system supporting both ECDSA and PQC at the blockchain core level, taking an approach different from simply appending PQC to an existing system. SymVerse’s Dual Cryptography structure is distinct from what is commonly referred to as “hybrid.” If the hybrid method is a transitional structure running existing and new address systems in parallel, SymVerse’s Dual Cryptography is designed so that both cryptographic systems branch directly within the execution path from the blockchain native code and are reflected simultaneously in the verification and consensus processes. This differentiates itself by being a structure where the blockchain itself adapts to changes in the security environment, rather than relying on a single cryptographic algorithm. While other projects advocating quantum-resistant cryptography exist, most are evaluated as being limited to single PQC applications, remaining in experimental stages, or suffering from performance degradation issues. Considering these limitations, SymVerse is designed to minimize the processing speed reduction that generally occurs with PQC application while maintaining a processing performance of over 3,000 TPS and compatibility with existing blockchains. This is explained as a design result aimed at satisfying both quantum-resistant security and real-world usage performance. Experts are noting the possibility that the Dual Cryptography structure could establish itself as a long-term standard architecture across the Web3 infrastructure. In particular, analyses suggest that for national and financial infrastructure domains requiring data integrity and security maintenance for at least 10 to 30 years — such as Central Bank Digital Currencies (CBDC), electronic signatures, financial messaging, and administrative records — a Dual Cryptography-based blockchain could be a more realistic option than a single cryptographic system. Choi Soo-hyuk, CEO of SymVerse Labs, stated, “The Dual Cryptography system is not merely a technology using two cryptographic algorithms, but the very method by which a blockchain adapts to a changing security environment.” He added, “Web3 must move away from structures dependent on a single cryptography, and SymVerse Labs is presenting an infrastructure that has implemented this transition on an actual mainnet.” SymVerse Labs is a company developing next-generation blockchain infrastructure capable of operating stably even in the quantum computing era. Through the world’s first Dual Cryptography mainnet and a full-stack PQC native structure, it aims to be a future-oriented blockchain possessing long-term security, scalability, and real-world performance. https://www.tokenpost.kr/news/general/321384
[URGENT] Notice Regarding SYMM Asset Transfer Due to ProBit Global Service Termination
Greetings, ProBit Global has announced that all of its services will officially terminate as of February 26, 2026. Accordingly, we strongly urge all holders possessing SYMM coins on the ProBit Global exchange to immediately move (withdraw) their assets to their personal wallet (SALLT) or another exchange to protect their assets. Please refer to the termination schedule and important notes below. 1. Key Service Termination Schedule (KST)Spot Trading Ends: January 28, 2026 (Wed) 09:00Withdrawal Service Ends: February 26, 2026 (Thu) 09:00Note: After this time, withdrawals may become impossible or subject to separate administrative fees, and asset retrieval may be difficult. 2. Important NotesAs the deadline approaches, a surge in withdrawal requests may cause processing delays. Please proceed with the withdrawal immediately upon checking this notice.Please verify once again that the address is correct when entering the withdrawal address.We ask that you complete the transfer measures within the deadline to protect your valuable assets. Thank you. SymVerse Foundation https://www.probit.com/en-us/hc/1000000438246
SymVerse Labs Implements World’s First Quantum-Resistant ‘Dual Cryptography’ Blockchain
Successful First Transaction on Testnet… “Overturning the Myth that PQC is Slow with Technology” — Successfully Transitioned to Quantum-Resistant Mainnet While Maintaining Existing Structure SymVerse Labs, a next-generation blockchain infrastructure company, announced that it has successfully processed the first transaction on its Quantum-Resistant testnet, marking the successful implementation of the world’s first native code-based “Dual Cryptography Blockchain Mainnet.” In the case of Abelian, known as a representative PQC (Post-Quantum Cryptography) blockchain, its Proof of Work (PoW) method results in very slow block generation speeds, making it less effective for financial transactions or stablecoins. The recently introduced QDay is the world’s first quantum-resistant EVM-compatible layer, enabling Ethereum-based smart contracts to run in a quantum-secure environment; however, it has the limitation of being a Layer 2 solution. Additionally, QRL (Quantum Resistant Ledger) is a native PQC blockchain that does not use EVM. However, due to the inconvenience of having to verify the usage count of encryption keys, it is considered more suitable for small-scale enterprise versions rather than blockchains requiring large-scale transactions. In contrast, SymVerse Labs’ mainnet is designed with a Distributed ID-based structure. From the initial design stage approximately 8 years ago, it applied an extended structure that separates some bits of the 10-byte ID into a version area. This allows for the selective use of ID versions 0 and 1. In this testnet, this structure was expanded so that if an ID starts with 0x0, the existing mainnet operates, and if it starts with 0x4, the quantum-resistant mainnet operates. This structure enables a gradual transition (Quantum Migration) to a quantum-resistant mainnet while maintaining compatibility with the existing account system. It is evaluated as a unique case that presents a practical solution to the “quantum transition problem” faced by existing blockchains while simultaneously providing real-world performance suitable for various sectors. Meanwhile, Cardano founder Charles Hoskinson recently pointed out the structural limitations PQC imposes on blockchain performance in a public statement, noting, “Post-quantum cryptography generally makes blockchain processing speeds 10 times slower, increases proof sizes by 10 times, and lowers overall efficiency by more than 10 times.” However, Dr. Hyuk-Jun Ko, Head of Development at SymVerse Labs, refuted this claim, stating: “SymVerse achieved faster transaction processing speeds after applying PQC compared to the existing ECDSA-based structure. We also maintained the proof size without change by utilizing a HASH-based structure, and actually maximized overall system efficiency.” In fact, the SymVerse Quantum-Resistant Testnet recorded over 3,000 transactions per second (TPS), which is evaluated as a case that technically overturns the conventional wisdom that PQC application leads to performance degradation. The SymVerse Quantum-Resistant Blockchain is the world’s first full-stack PQC-Native blockchain operating on a Proof of Stake (PoS) basis. It applies National Institute of Standards and Technology (NIST) standard PQC algorithms to all layers, including accounts, signatures, communication, consensus, and transactions. Based on these technical achievements — which simultaneously provide complete blocking of quantum attacks, data integrity for 10–30 years, and real-world performance suitable for next-generation Web3, financial, and public systems — SymVerse plans to officially upgrade the existing SymVerse Mainnet to the Quantum-Resistant Mainnet within the first half of next year. https://www.tokenpost.kr/news/general/319512
[Listing Announcement] SymVerse Mainnet Coin (SYMM) to be Listed on BitMart
The SymVerse Foundation is pleased to announce that SYMM, the native coin of the SymVerse mainnet, will be listed on the global cryptocurrency exchange BitMart. This listing marks a significant milestone in SymVerse's technical independence and ecosystem expansion, enabling users to trade SYMM coins in a safer and more transparent environment. About BitMart BitMart is a premier global digital asset trading platform with millions of users worldwide.Discovery and listing of high-quality projectsRobust security systems and high liquidityUser-friendly interface and real-time customer supportBitMart provides an optimal cryptocurrency trading experience to users around the globe, built on a foundation of reliability and innovative services. Listing DetailsListing Coin: SYMM (SymVerse Mainnet Coin)Exchange: BitMartTrading Pair: SYMM/USDTTrading Zone: L1L2 Listing Schedule (UTC)Deposit: Already OpenedTrading: December 19, 2025 at 03:00 AM UTCWithdrawal: December 20, 2025 at 03:00 AM UTC Please Note This listing is for the SymVerse Mainnet SYMM coin, not the ERC-20 SYM token. The swap from ERC-20 to SYMM is being conducted separately through the SymVerse Foundation's token swap program. Further details regarding the swap can be found in our official whitepaper or token swap guide. Thank you.SymVerse Foundation https://www.symverse.org/
SymVerse Labs CEO Choi Soo-hyuk Honored as a Selection for the 'Figure of Good Influence Campaign'
▶ Implementing the World’s First Full-Stack Post-Quantum Cryptography (PQC) Blockchain… Leading Next-Generation Security Infrastructure ▶ Recognized for contributions to the digital industrial ecosystem, including blockchain commercialization, Web3, AI, medical, and financial expansion Choi Soo-hyuk, CEO of SymVerse Labs, has been honored by being selected as a ‘Figure of Good Influence Campaign.’ It was announced on the 18th that CEO Choi Soo-hyuk was selected for the ‘Good Influence Campaign Figure,’ jointly hosted and organized by the Person Knowledge Guide Journal Weekly People and the New Intellectual Social Forum, and sponsored by the Korea Economic Collaboration Association.Regarding the background of the selection, a campaign official stated, "CEO Choi is a legendary figure who has led the development of domestic ICT and blockchain industries. He is highly credited for preemptively responding to security risks of the future digital society by implementing the world's first blockchain infrastructure applying a full Post-Quantum Cryptography (PQC) system." Implementing the World's First Full-Stack Quantum-Resistant Blockchain… Preemptive Response to Future ThreatsAmid growing concerns that the ECDSA and RSA encryption systems used in existing blockchains could be rendered powerless by the advent of next-generation quantum computers, SymVerse Labs has unveiled the world's first full-stack quantum-resistant blockchain Layer 1 infrastructure. This infrastructure applies NIST-standard PQC (Post-Quantum Cryptography) algorithms across all layers, including accounts, signatures, communications, consensus, and transactions. It is garnering attention as a next-generation blockchain model capable of operating safely even in the quantum threat environment expected to arrive in 10 to 20 years. This technology includes: ▲PQC-based account and signature systems (ML-DSA) ▲PQC encrypted P2P networks (ML-KEM) ▲PQC consensus structures (PBFT/IBFT) ▲Dedicated transaction and wallet structures, and ▲High-performance PQC engines processing 1,000–3,000 TPS. It is evaluated as having secured both security and performance simultaneously. While existing blockchains (ECDSA/RSA) are vulnerable to Shor and Grover algorithms and face limitations such as potential communication encryption leaks, risks of ECDSA private key theft, and vulnerabilities in long-term data storage, the SymVerse PQC blockchain possesses differentiated technical features. These include ▲Complete blocking of quantum attacks ▲Full-section PQC encryption ▲PQC signature-based account and wallet structures, and ▲Guarantee of long-term data integrity for 10–30 years. Previously, CEO Choi felt the limitations of slow processing speeds and low user accessibility in existing technologies during his blockchain research. He embarked on developing the SymVerse Mainnet with the goal of creating a "blockchain practically usable in daily life." As a result, he presented a new standard for blockchain commercialization by implementing world-first multi-blockchain separation technology along with block generation and transaction confirmation speeds in the 1-second range. Based on this technical prowess, SymVerse Labs has built various blockchain solutions, including the mainnet, decentralized wallets, DID (Decentralized Identity), and a smart contract integrated development environment (IDE). Furthermore, the company has officially recognized its technical competitiveness by passing TTA performance tests under the Ministry of Science and ICT, obtaining the industry's first GS Certification Grade 1 for a blockchain wallet, and winning the Grand Prize in the Mainnet category at the MARVELS Awards. SymVerse Labs is grafting blockchain technology onto the Web3 environment to expand into content, NFTs, wallets, and financial platforms, while also broadening its scope to AI-combined medical diagnostic platforms, finance, distribution, public sectors, and defense. Notably, in the medical AI field, the company is developing an AI-based application for cervical cancer diagnosis and is pushing forward with projects targeting the global market. CEO Choi emphasized, "Blockchain is not a technology for short-term profit, but an infrastructure that builds a long-term ecosystem. The experience and technology accumulated in the process of creating a sustainable structure are more important than immediate profits." Contributing to the Creation of a Digital Industrial Ecosystem… Focus on Industrial Development Based on Organizational CultureCEO Choi has also been conducting consulting activities to solve difficulties for companies and industries based on the experience he has accumulated in the industrial field for over 30 years. In addition, he is evaluated as practicing technology-centered yet people-oriented organizational management by establishing a corporate culture that fully shares information and tasks based on an Agile organizational culture. CEO Choi emphasized to the youth who will lead the future society that "persistent focus on one field and the accumulation of expertise are paramount," highlighting choices from a long-term career perspective rather than short-term achievements. Furthermore, having elevated blockchain from a simple technology or industrial trend to a core infrastructure supporting the stability and trust of future society, he stated, "We will continue to contribute to preemptive technological innovation and the creation of a digital industrial ecosystem in preparation for the quantum era." Attention is focused on the next steps of CEO Choi Soo-hyuk and SymVerse Labs, and whether blockchain technology born in Korea can establish itself as a new standard for future security infrastructure in the global market. (Photo provided by SymVerse Labs) Profile* Current CEO of SymVerse Labs* Former President of the Korea Blockchain Startup Association* Former Adjunct Professor, Graduate School of Information Security, Korea University* Former Adjunct Professor, Graduate School of Culture Technology, KAIST* Former Advisor, Arthur D. Little* Former Senior Research Fellow / Inaugural Head of Information and Communication Industry Team, Korea Information Society Development Institute (KISDI)* Ph.D. in Economics (Industrial Organization/Game Theory) from Northwestern University, USA SymVerse* 2023 Top Awards Korean Figure Grand Prize* 2022 Grand Prize in Leading Company of Korea’s 4th Industrial Revolution* 2022 Grand Prize in Mainnet Category at MARVELS Awards* 2019 Grand Prize at the 3rd Seoul Innovation Challenge* 2019 Grand Prize for Sustainable Innovation Leader of Korea* Holds multiple blockchain-related patents* Passed the TTA performance test by the Ministry of Science and ICT* Obtained GS Certification Grade 1 for a blockchain wallet, the first in the industry* Launched a total blockchain solution [Mainnet (Fractal / Virtual), Custom Blockchain Wallet, DID Solution, Integrated Token Management Platform (BBP), Smart Contract Integrated Development Environment (SymPose IDE), DApp Service Consulting] https://www.weeklypeople.net/view.do?seq=22776
CEO Choi Soo-hyuk of SymVerse Labs Makes Waves with Keynote Speech at ‘CICON ASEAN5 2025’ AI & Blockchain Session
Chairman Park Bong-kyu of the Korea CEO Summit announced that he hosted the ‘14th Convergence of City Culture Conference (CICON ASEAN5 2025)’ and various cultural events from Tuesday, October 21st, to Friday, October 24th, at the Vinpearl Hotel, Landmark81, and Today TV in Ho Chi Minh City. The large-scale international event was hosted by the Korea CEO Summit (Korea), the CICON Organizing Committee, and the Young Business Association (YBA) (Vietnam). It was organized by Quynh Paris (Vietnam), Today TV, Vietmission, and kw Vietnam, and sponsored by the Ministry of SMEs and Startups (Korea), the Presidential Commission on Architecture Policy, the Presidential Committee on Agriculture, Fisheries and Rural Policy, Busan Metropolitan City, Sarang Nanum Welfare Foundation, the Asia Art Phiard Committee (AAC), the Vietnam Association for Corporate Culture (VNABC) (Vietnam), and VTV, among others. The Korean delegation to this international conference included: Park Bong-kyu (Chairman of the Korea CEO Summit and Founder of CICON), Jang Tae-pyong (Chairman of the Presidential Committee on Agriculture, Fisheries and Rural Policy, former Minister of Food, Agriculture, Forestry and Fisheries), Joo Young-sup (Distinguished Professor at Seoul National University, former Administrator of the Small and Medium Business Administration), Pastor Shin Hyun-ok (Chairperson of Sarang Nanum Welfare Foundation), Kwon Tae-han (Acting Consul General of Korea in Ho Chi Minh City), Kim Jin-yong (7th Commissioner of Incheon Free Economic Zone Authority), Shin Chang-seok (KBS TV Drama Director), Lee Kwang-su (World President of the International Association of Art (IAA)), Lee Young-jun (AAC Planning Committee Chair), Lee Jae-sik (AAC Vice Chairman), Choi Soo-hyuk (CEO of SymVerse Labs), Sohn Jong-hyun (President of the National Cooperative Council), Kwon Ki-ryong (Chairman of the Global FinTech Industry Promotion Center), Go Tae-wook (CEO of K-SMART), Namgung Sook (CEO of Genie Media), and Lee Young-ok (CEO of Jinju Shell). Attendees from Vietnam and ASEAN countries, totaling approximately 800 people, included: Nguyen Quynh Nhu (Chairperson of Quynh Paris, co-organizer), Mac Quoc Anh (Member of the Central Committee of the Vietnam Fatherland Front and Vice President of the Vietnam Association for Corporate Culture (VNABC)), Truong Ly Hoang Phi (Vice President of YBA and President of IBP), Lam Chi Thien (Chairman of IMC Group and Today TV), Le Van Minh (Chairman of Nam Song Tien Group), Doan Huu Thuan (Chairman of HODECO Group), Firdauz Othman (Consul General of Malaysia in Ho Chi Minh City), Phonesy Baounmixay (Consul General of Laos in Ho Chi Minh City), Chavis Chauychoo (Chairman of Viet Son Group, Thailand), Nguyen Quoc Bao (Chairman of the Vietnam Real Estate Club (VREC)), Tran Dinh Tung (Chairman of the Vietnam Society of Civil Engineers (VSCE)), Ng Truong Son (President of the Vietnam Advertising Association (VAA)), Ng Thuy Le Thuy (Miss Universe Vietnam Tourism Ambassador), Steve Bui (Chairman of Delta E&C), Le Thi Minh Hoa (Chairwoman of IWEC), and Kevin Tran (CEO of Phuoc Loc). ■ CEO Choi Soo-hyuk of SymVerse Labs Keynotes at ‘CICON ASEAN5 2025’ AI Session, Attended by Key Figures from Korea, Vietnam, and ASEAN The Korea CEO Summit (Chairman Park Bong-kyu) and the CICON Organizing Committee, in collaboration with the Young Business Association (YBA) of Vietnam, grandly hosted the ‘CICON ASEAN5 2025’ Opening Ceremony on the morning of Wednesday, October 22nd, at the Grand Ballroom of the Vinpearl Hotel, Landmark81, Ho Chi Minh City, with major participants from Korea, Vietnam, and ASEAN countries in attendance. The AI and Blockchain Conference followed on the second day. The opening ceremony proceeded in the following order: (1) Group photo session for major speakers and participants, (2) Vietnamese Ao Dai traditional performance, (3) Opening address by Park Bong-kyu (Chairman of the Korea CEO Summit and Founder of CICON), (4) Congratulatory address by Park Heong-joon (Mayor of Busan Metropolitan City), (5) Keynote speech by Truong Ly Hoang Phi (Vice President of YBA and President of IBP), (6) Keynote speech by Jang Tae-pyong (Chairman of the Presidential Committee on Agriculture, Fisheries and Rural Policy, former Minister of Food, Agriculture, Forestry and Fisheries), (7) Keynote speech by Pastor Shin Hyun-ok (Senior Pastor of Zion World Mission Church and Chairperson of Sarang Nanum Welfare Foundation), and (8) Keynote speech by Mac Quoc Anh (Vice President of the Vietnam Association for Corporate Culture (VNABC)). The second day, October 23rd, featured the AI and Blockchain session. Keynote speakers included Joo Young-sup (Distinguished Professor at Seoul National University, former Administrator of the Small and Medium Business Administration), Tahir Mahmood (Founder and CEO of KRNL Labs), Choi Soo-hyuk (CEO of SymVerse Labs), and Lee Ji-hoon (Head of the Busan Digital Asset Exchange Headquarters).Choi Soo-hyuk, CEO of SymVerse Labs, received a standing ovation for his keynote address on the topic, “The Functions and Roles of the New Future Blockchain.”SymVerse Labs (CEO Choi Soo-hyuk), established in 2018, is a promising company that has since developed the world’s only quantum-resistant blockchain operating with decentralized IDs (DIDs). https://www.fntoday.co.kr/news/articleView.html?idxno=366836
SymVerse Holds Blockchain Seminar ‘SNP’ in Indonesia to Accelerate Digital Identity Innovation and Global Expansion
SymVerse held the 'SNP' seminar in Bandung, Indonesia, officially initiating cooperation with the local community and technology ecosystem. By promoting technology based on digital ID and a decentralized economy, the company is accelerating its entry into the global market. On October 25, 2025, the South Korean blockchain platform SymVerse hosted the 'SymVerse Node Power (SNP)' seminar at the Savoy Homann Hotel Bandung to expand its local community and technology ecosystem in Indonesia. The event was directly organized by the SymVerse Foundation (www.symverse.org). Choi Soo-hyuk, Founder and CEO of SymVerse, delivered the keynote speech, emphasizing, "SymVerse is leading the Digital Identity Revolution by implementing the essence of blockchain, 'Decentralized Trust,' in real life." He stressed, "The SymVerse Coin (SYMM) and SNP will be the cornerstone of a truly decentralized economy in which both individuals and companies can participate." ■ Full-Scale Cooperation Commences with Indonesian Community The seminar generated significant interest and was attended by key local organizations, including the Indonesian blockchain communities Cryptois Bandung and Asia Tiger Hambalang. A wide range of topics was discussed, with a focus on the younger generation and Small and Medium Enterprises (SMEs), including Digital Identity (ID) systems, Web3-based economic models, and financial innovation through blockchain technology. Akhmad Rusmin Nuryadin, SymVerse Indonesia Representative, stated, "The younger generation's adaptability to technology is the core of national competitiveness, and SymVerse's technology will be a powerful platform that can expand their growth and entrepreneurial opportunities." He added, "Amid global economic uncertainty and rapid technological change, SymVerse will establish itself as a trusted partner for Indonesia's digital transformation." ■ A Signal for Global ExpansionSymVerse plans to continuously host community seminars and technology workshops in major cities across Indonesia, including the recent Bogor and Bandung seminars. This entry into Indonesia is regarded as the first instance of SymVerse officially introducing its independently developed technology — the world’s only quantum-resistant blockchain equipped with a Decentralized ID (DID) — to the global market.CEO Choi Soo-hyuk stated, “SymVerse’s technology is more than just blockchain; it is the foundation for creating a new digital ecosystem where trust, identity, and economic activity are combined.” He concluded, “Starting with this expansion into Indonesia, we will scale up our global partnerships and spread this ‘people-centric blockchain innovation’ worldwide.” https://www.tokenpost.kr/news/blockchain/297897
MSK Group and SymVerse Labs Sign Strategic Partnership to Build Advanced Regenerative Medicine Ecosystem
MSK Group, a leading innovator in advanced regenerative medicine and anti-aging healthcare platforms, announced that it has signed a strategic business agreement with blockchain mainnet company SymVerse Labs to establish a Real World Asset (RWA) tokenization ecosystem for K-Medical and anti-aging bio industries. MSK Group is currently pursuing a wide range of healthcare-based future convergence businesses, including the development of advanced regenerative medicine and anti-aging medical buildings, support for licensing and R&D operations of regenerative medical institutions, and the expansion of medical tourism infrastructure. The agreement is significant in that it seeks to digitize these real-world assets (RWA) through blockchain technology, thereby promoting greater asset liquidity, a participatory ecosystem, and enhanced global investment accessibility. SymVerse Labs is a technology company that operates its own blockchain mainnet. Leveraging its Web3 infrastructure, the company provides decentralized wallet services, smart contract-based asset management, RWA issuance and verification, as well as tailored enterprise solutions, DApp development, and consulting services. Through this partnership, SymVerse Labs will provide the core technology to transform the real-world value of medical facilities, real estate, and regenerative medicine-related business assets into on-chain assets, enabling transparent transactions and revenue distribution among participants within a blockchain-based ecosystem. Based on the RWA ecosystem built through their collaboration, the two companies plan to sequentially introduce structures that allow global investors to access medical industry real-world assets safely and transparently, Web3-based distribution of medical tourism revenues and assets, and on-chain participatory healthcare services for token holders. Cho Min-soo, CEO of MSK Group, stated: “Blockchain technology goes beyond mere adoption; it is a key tool for innovatively enhancing the trustworthiness and liquidity of medical assets. Through our partnership with SymVerse Labs, we aim to present a new business paradigm by expanding global-level medical tourism and healthcare industry models into RWAs.” https://edu.donga.com/news/articleView.html?idxno=94417
Choi Soo-hyuk, CEO of SymVerse Labs Co., Ltd., Establishes a New Digital Ecosystem by Expanding Unique Blockchain Technology
Choi Soo-hyuk, CEO of SymVerse Labs Co., Ltd. Establishing a new digital ecosystem by expanding unique blockchain technology - Choi Soo-hyuk, CEO of SymVerse Labs Co., Ltd. | Ph.D. in Economics New technologies and industries are accelerating the digital transformation. Considering the characteristic of modern society where all technologies and digital ecosystems are closely connected, interacting, growing, and evolving, most technologies that are reshaping the world today are sensitively influencing each other and promoting mutual development. Blockchain is no exception. While it was first hailed as a type of highly secure transaction technology, blockchain is now showcasing its presence as a vanguard of cutting-edge technology, with Web3 and AI as its two wings, alongside the metaverse and fintech. Blockchain is no longer a special technology used only in cryptocurrencies or security-related services; it is becoming a familiar and popular technology penetrating our daily lives. SymVerse Labs is a blockchain technology company that is actively developing a wide range of blockchain services and platforms based on the core values of 'coexistence' and 'practicality.' Choi Soo-hyuk, the CEO of SymVerse Labs is working to make the value of coexistence—where everyone helps each other—a reality in daily life, just as blockchain users voluntarily connect and achieve results for mutual benefit, envisioning a future that fosters a new digital environment.<WeeklyPeople> sheds light on the digital ecosystem that SymVerse Labs is building. SymVerse Labs, Born to Overcome the Limitations of Existing Blockchains Even those with little interest in cutting-edge technology have probably heard the name 'blockchain' at least once. Blockchain is a decentralized system formed by countless small data units linked in a chain-like form, based on distributed computing technology to prevent data forgery and manipulation. This technology, which records and stores information in a distributed data storage environment called a block, has the advantages of being highly secure and transparent compared to the traditional method of centrally storing and managing information. Bitcoin, which first demonstrated blockchain technology in 2008, and Ethereum, which emerged in 2015, began to expand blockchain technology into various fields. Although blockchain was largely evaluated as a revolutionary technology that would completely change our digital environment and internet experience, CEO Choi Soo-hyuk felt many problems and limitations when he directly used the blockchain technologies in the market for his research in the late 2010s. "At that time, I was researching cryptocurrency whitepapers and program sources to create a cryptocurrency exchange platform. Since cryptocurrency is an inseparable concept from blockchain, I was using the most representative blockchain services on the market at the time. Perhaps because the services were just in their infancy, there were many areas that needed improvement. The most urgent one was the processing speed. The speed of block generation and transaction finalization was too slow. In the cryptocurrency market, where prices change in seconds and new issues arise, this was a fatal flaw."Having obtained a Ph.D. in economics from Northwestern University in the U.S. and leaving a significant mark in the domestic information and telecommunications field as the inaugural head of the Information and Communication Industry Team at the Korea Information Society Development Institute (KISDI) and an adjunct professor at KAIST and Korea University's Graduate School of Information Security Blockchain Department, CEO Choi realized that there was no proper blockchain platform or service that ordinary people could easily use and access with a light heart. He decided to develop such a service himself. The result is SymVerse, which operates based on 'SymID.' "SymVerse is an innovative service that allows for block generation and transaction finalization in less than a second, based on a self-sovereign decentralized ID. It is also called a fractal network, a multi-blockchain platform ecosystem. It is a technology that allows independent blockchain platforms to be interconnected based on our unique mainnet technology. We not only support companies in independently building or easily leasing blockchain infrastructure but also provide a variety of solutions and consulting services, including a decentralized wallet, an electronic identification system, and an integrated smart contract development environment." Fractal Mainnet Solution (Build-type) World-Class Blockchain Technology Achieved with Perseverance SymVerse Labs' blockchain technology is world-class. It already holds a number of patents related to blockchain and passed the TTA performance test by the Ministry of Science and ICT with outstanding performance. It also had the honor of winning the Grand Prize in the Mainnet category at the 16th World Blockchain Summit MARVELS Awards. Recently, it has begun to supply blockchain solutions tailored for the Web3 era in earnest. Web3 is a comprehensive term for technologies that decentralize data ownership and control on the internet, with key concepts including expanding individual user content ownership, joint participation in decision-making, intelligence, and personalization. It can be called the third generation of the internet, where computers and AI understand the content of a web page and provide personalized information. Although it is not yet a widely known concept to the public, SymVerse Labs is servicing Web3-based customized solutions with the belief that Web3 will be the key to blockchain technology in the future. "If you have data, you can create your own Web3 site and application. For example, what if we implemented 'WeeklyPeople' on Web3? Since we already have a lot of content, a Web3-based site can be created much faster and easier than you might think. This would create a unique, personalized site that reflects the characteristics of WeeklyPeople, unlike a typical site. Considering the features of WeeklyPeople, a site or application that compiles a collection of biographical stories of people in various fields would be created." The driving force behind SymVerse Labs' ability to service Web3-based blockchain technology is its focus on a single technology—blockchain—and the diverse experience, know-how, technology, and infrastructure it has built. In fact, since its establishment in 2018, SymVerse Labs has focused solely on advancing a single technology, blockchain, for a period of seven years. While many companies have challenged blockchain and disappeared because the concept itself was so unfamiliar and difficult to commercialize, SymVerse Labs persevered through hardships and adversity by continuously advancing its technology. Thanks to this, SymVerse Labs is receiving positive evaluations in the industry as a company that holds all the technologies and tools related to blockchain infrastructure in Korea. CEO Choi showed a satisfied smile, saying that the data and technologies they have accumulated are now coming to light. "Since last year, our infrastructure and equipment have been replaced one by one. Last year, we unveiled Scan V2.0 to establish a service infrastructure that can be shared with the Web3 platform. The block finalization speed of globally renowned blockchains is typically around 4 seconds. But our service has a block generation and finalization speed of 1.39 seconds. The number of blocks, at about 130 million, is also at the highest level in Korea. In addition, by upgrading to a PoS method, we have evolved to a performance level comparable to that of leading global blockchains." Blockchain Expanding into Various Fields, a Sustainable Future Digital Ecosystem SymVerse Labs is gradually expanding its business based on its excellent blockchain technology and infrastructure. It is planning to launch a new version of its wallet that can operate in a Web3 environment and is also preparing a site for distributing product certificates, coupons, and tickets in NFT form. All these products were created with ideas derived from core blockchain technology. Recently, focusing on deep learning, which has brought about the rapid development of AI, it has also conducted work to overall manage applications used in the medical field. "The strongest player in the domestic cervical cancer diagnosis market is the Korea Clinical Medical Research Institute of the KCL Medical Foundation. We recently collaborated with this institution to develop an application and software that can diagnose cervical cancer with AI. It is a system where a patient who has been diagnosed once can get a follow-up test and know the cervical cancer diagnosis process and status by simply scanning their ID at any hospital. It is a project targeting the entire world and is attracting attention in Indonesia and the Philippines." It has expanded its blockchain technology and customized solutions used in the marketing field to the medical field. In addition to the medical field, it is also preparing a service that guarantees the identity of delivery riders and issues certificates by leveraging the safety and security of blockchain technology. To this end, CEO Choi also pursued an MOU with the Korea Delivery Riders Association and SymVerse Labs. In July, it made headlines by signing an MOU with Kospi-listed company Inscobee to build a next-generation financial platform, with the goal of jointly building a blockchain-based next-generation financial platform. "We are at the forefront of expanding blockchain technology in various ways. Many of these projects do not generate immediate profit. We sometimes launch services with a long-term view or, in cases where all rights belong to a collaborating company that commissioned the development, we only receive the development fee. Of course, even then, we demand a partial stake in the service or system for future sustainability. Nevertheless, there are some who question why we are doing work that does not generate immediate profit. But I believe that we learn more about ecosystem creation and expansion in the process of building a wide range of services and platforms based on blockchain technology." CEO Choi and SymVerse Labs have persistently delved into the potential of blockchain, from medicine and distribution to finance and national defense, and have made it their own competitive edge. He also provides management consulting to client companies, leveraging his over 30 years of experience in the field, meeting companies and empathizing with their difficulties. In this process, new possibilities are born, and a deep relationship of trust is built with clients. So, what are the organizational culture and values of SymVerse Labs, which has emerged as a leader in the domestic blockchain market in just seven years? A Unique and Passionate Company, Aiming to Be the No. 1 Global Blockchain Company The organizational culture that represents SymVerse Labs is Agile. Agile, a term that means 'nimble' and 'agile,' emerged as a software development methodology in the mid-1990s. It also refers to an organizational culture that breaks away from heavy and normative methodologies, breaking down departmental boundaries in the office environment and eliminating the hierarchical system to give individual team members great autonomy. It is an organizational model in which a small team continuously incorporates external feedback to create a final result. It is known that famous big tech companies today, such as Apple, Google, and Microsoft, also maintain this Agile organizational culture. "Although each employee at SymVerse Labs has different roles and assigned tasks, the content itself is shared by everyone. Everything that happens in our company is documented, and the data remains. From me, the CEO, to the youngest employee, anyone can see who is doing what without any restrictions. An open organizational culture that allows for organic communication between teams has been systematized. Because we work this way, unnecessary misunderstandings do not accumulate between us. A culture of processing customer feedback as quickly as possible in real-time has been established, so there are not many accumulated problems." CEO Choi, who has focused on a single field for more than seven years since founding SymVerse Labs, advises his junior colleagues and young people who dream of starting a new technology company to persevere and concentrate on one field. While innovative technologies are emerging in various fields such as AI, IoT, and quantum computing, he says that to succeed in that field, one must at least be prepared to become an expert in that field. He says that if you decide to challenge the AI industry, you must read at least three or four significant papers a month and strategically approach a specific area within AI. SALLT V2.0 Key Features "Above all, you must cultivate your own expertise. Even if you get an opportunity by chance, you cannot be recognized for your potential in the long run if you are not prepared. Rather than just chasing immediate profits, think about what kind of career this work, and experience will build for you and what kind of skills it will develop. In the same context, when choosing a company, you should choose a company that can help you grow and that shares your values and vision, rather than just following the money." CEO Choi expressed his ambition to grow SymVerse Labs into a global company with various application technologies and platforms based on blockchain technology. He also added that he does not intend to grow SymVerse Labs into a model company loved by everyone like Google or Apple. He said that he hopes SymVerse Labs will be remembered as a 'unique company' and a 'passionate company that takes on various challenges and attempts based on its unique blockchain technology.' <WeeklyPeople> is paying attention to the next steps of SymVerse Labs, a company that has exceptional expertise in blockchain technology and is creating a new blockchain ecosystem by making contact points with the public. Photo provided by SymVerse Labs. Profile * Current CEO of SymVerse Labs * Former President of the Korea Blockchain Startup Association * Former Adjunct Professor, Graduate School of Information Security, Korea University * Former Adjunct Professor, Graduate School of Culture Technology, KAIST * Former Advisor, Arthur D. Little * Former Senior Research Fellow / Inaugural Head of Information and Communication Industry Team, Korea Information Society Development Institute (KISDI) * Ph.D. in Economics (Industrial Organization/Game Theory) from Northwestern University, USASymVerse * 2023 Top Awards Korean Figure Grand Prize * 2022 Grand Prize in Leading Company of Korea's 4th Industrial Revolution * 2022 Grand Prize in Mainnet Category at MARVELS Awards * 2019 Grand Prize at the 3rd Seoul Innovation Challenge * 2019 Grand Prize for Sustainable Innovation Leader of Korea * Holds multiple blockchain-related patents * Passed the TTA performance test by the Ministry of Science and ICT * Obtained GS Certification Grade 1 for a blockchain wallet, the first in the industry * Launched a total blockchain solution [Mainnet (Fractal / Virtual), Custom Blockchain Wallet, DID Solution, Integrated Token Management Platform (BBP), Smart Contract Integrated Development Environment (SymPose IDE), DApp Service Consulting] http://www.weeklypeople.net/view.do?seq=22396
National Delivery Riders Association — SymVerse Labs Sign MOU to Protect Riders’ Rights and Mitigate Platform Monopolies
The National Delivery Riders Association (Chairman Song Ki-seon) and SymVerse Labs Co., Ltd. (CEO Choi Soo-hyuk) signed a Memorandum of Understanding (MOU) on August 11 to strengthen the protection of delivery workers’ rights and reduce the dominance of large delivery platforms. This agreement aims to leverage the core strengths and technologies of both parties to help delivery workers operate in a more stable and fairer environment, while also revitalizing local delivery platform ecosystems. Under the MOU, the two organizations will work together on:A full revamp of the Association’s official website to improve rider data tracking and policy promotion.Building an exclusive online shopping mall for delivery workers to enhance welfare benefits.Designing and operating a regionally based delivery service platform that reduces large platform monopolies and fosters a rider-centric ecosystem. To ensure smooth project execution, a joint steering committee consisting of executives and working-level staff from both sides will be established. This committee will oversee the selection of cooperation projects, determine business priorities, allocate development and operational costs, and provide top-priority support for all agreed initiatives. The agreement is expected to contribute significantly to the creation of a fair delivery ecosystem that respects delivery workers by strengthening their rights and welfare, easing platform monopolies, and establishing community-driven platforms. In anticipation of potential legislation introducing mandatory safety training, rider qualification systems, and criminal background checks, the two parties also plan to implement a blockchain-based member information management system to enhance personal data protection. Chairman Song Ki-seon stated, “Through this MOU, we will help delivery workers be recognized not just as ‘delivery personnel,’ but as essential ‘last-mile logistics professionals’ in their communities. We will do our utmost to create systems and environments where riders can maintain a stable livelihood and work safely.” CEO Choi Soo-hyuk added, “Through this partnership, SymVerse Labs will demonstrate that technology can go beyond improving efficiency to protecting rights and building trust. With blockchain-based member information management and fair platform operations, we aim to set a new standard for the delivery industry”. https://edu.donga.com/news/articleView.html?idxno=93377