One of the major companies based in South Korea, Kolon Group has revealed that they’re currently observing the potential of blockchain technology in enhancing the management of its subsidiaries for land registration, rent payment and many more. The exploration of blockchain technology will be done through one of the subsidiary companies owned by Kolon Group.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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