ASTON Alliance Forms Electronic Document Joint Projects Consortium

one of Korean Blockchain Platforms, announced on July 19 that it has
formed ‘ASTON
’ to develop blockchain network optimized in electronic
document and signed an agreement to expand the boundaries of all
industries requiring mutual trust to a decentralized electronic document

As one of promising blockchain projects in Korea, ‘ASTON’ has
successfully ended ICO, specializing in the blockchain technology,
X-CHINA. Centered in ASTON platform, electronic document, security,
communications related companies plan to cooperate for the global market.

Handysoft and six other companies form a consortium to enhance global
organizational capabilities by restructuring their specialized business
areas. Members of this consortium include three listed companies
(‘Handysoft’, ‘Hancom Secure’, ‘Sejongtelecom’), Korean 1st
Certified e-Document Authority ‘KT NET(Korea Trade Network)’, Blockchain
Platform Provider ‘Xblocksystems’, BaaSid [BaaSid International Lab(S)
Pre Ltd(Taiwan)], and P.R.O [P.R.O Co.,Ltd(Japan)].

Given its involvement with the blockchain technology, consortium
participating companies agree joint development of the blockchain
network, optimized in electronic document in order to trigger
blockchain-based electronic document market as well as the global
electronic document storage business. Moreover, these companies will
propose a system in which transaction details are stored in a
distributed way at the systems of all participants of the network.

SeungKi Kim, who leads the consortium, commented on the move:

“A demand for blockchain-based global business is expected to be
explosively increased. We have built consortium to collaborate as
partnership companies have recognized the necessity for blockchain-based
distribution, logistics, authentication system and storage system in the
global market.”

Blockchain-based electronic document market is expected to grow
explosively. Korea Blockchain Association estimated Korean Electronic
Document Market to be worth 5 billion KRW in 2020. South Korea’s
government has been active in the growth of 4th Industrial
Revolution as well as Blockchain Technology by revising electronic
document related law.


XBC Technologies
Fary Kim, +82-2-564-9559