[South Korea blockchain unicorn Glosfer composite agreement commercial platform global layout first station: Beijing]
South Korea blockchain unicorn
122days ago

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Editors note: One of the most influential blockchain enterprises South Korea Glosfer first investment cocktail party ended in Hilton hotel of Beijing Wangfujing at 8 o 'clock in the evening on May 20.




(Glosfer CEO TAEWON KIM introduced the composite agreement commercial platform: GEP in Hilton hotel of Beijing Wangfujing)


One of the most influential blockchain enterprises South Korea Glosfer first investment cocktail party ended in Hilton hotel of Beijing Wangfujing at 8 o 'clock in the evening on May 20. The GLOBAL tour co-hosted by Glosfer, BLOCK GLOBAL, Hong Kong FUBT, South Korea Coinin, BLOCK CAPITAL, jointly supported by Block Technology, Taiwan blocktimes, Southeast Asia Beecast, Huopin Online, which covers major cities in China, Southeast Asia(Indonesia, Thailand, Malaysia, Vietnam, Singapore and other places), GLOBAL Investment VIP Party mainly promotes the solution and the advantage function of GLOSFER ENTERPRISE PLATFORM (GEP).


Glosfer项目3.docx.png (Allen, CEO of Coinin, South Korea leading blockchain media incubator company, shared the influence of  Glosfer in South Korea)



(Block Capital CEO Song Houda analyzed GEP's strengths with his years of experience as an investment adviser)


Last year, the public chain project HYCON, which received 501 million votes on the second OKEx poll, is a representative work of Glosfer.This is just one part of Glosfer's Infinity Project, a South Korean blockchain company. Glosfer, which has been engaged in the research and development of blockchain since 2012, has a comprehensive layout, with landing applications and numerous strategic partners including government, finance, medical care, digital content, payment and other fields. This year Glosfer's new initiative, GEP, is a major development initiative following last year's launch of the public chain HYCON, which has received wide response from the Korean government and the public. Glosfer found that although the number of ethereum Dapp increased more than fivefold from 2017 to 2019, the actual number of users was small and they mostly are gambling games, and GEP was created for the needs of life and enterprises.


(GEP market size and business strategy)



(GEP fuses HYCON public chain with Glosfer Token to form ecosystem)


GEP aims to reduce the difficulty of DApp development, improve the friendliness of developers and users, and adopt compound protocol algorithm to cooperate with HYCON public chain to enhance the reliability of information. In addition, a GLosfer Token is used to construct the ecology and expand the practicality, and DApp based on GEP  is activated in various forms such as handling fee and data record. In this activity, eight existing DApp ecosystem problems put forward by GEP, and GEP provided the solution that DApp service development need:

1) Development difficulty

2) DAPP service utility

3) Network scalability

4) Data falsification

5) High security (Twins Transaction

6) Developer/ User friendliness

7) Composite protocol algorithm

8) Network processing speed



(TAEWON KIM explained the architecture and composition protocol of GEP in the meeting)


In the first world tour - Beijing conference, TAEWON KIM, Glosfer CEO, said: "using the Glosfer tokens in multiple public agencies and private blockchain service ecosystem which generate from Glosfer platform, recording data and using HYCON public blockchain network exchange trading data can solve the existing problems in DApp service structured by private chain, and also lay the foundation for Glosfer platform to extend to public block chain network environment."

It is not for no reason that Glosfer can go to the global offline community among many blockchain enterprises that lack of actual profits. GEP makes up for the shortcomings of other blockchain technologies, such as Ethereum, Bitcoin and Hyperledger (Blockchain open source sponsored by Linux consortium), and develops and utilizes new protocol methods and technologies to ensure integrity, speed and stability. Provide rapid and differentiated technical support services, including receiving feedback from developers and improving functions. TAEWON KIM highlighted the appeal of GEP to enterprises, saying that the Database Management System (DBMS), which is widely used by enterprises, reached 619.2 billion KRW (about $520 million dollars) in the South Korean market in 2017, and the market size is more than $40 billion dollars globally. However, just a quarter of the purchase cost is spent on maintaining security. "Unlike existing DBMS, which are widely used for information storage, GEP provides bug-free information storage software that prevents anyone from changing or deleting information," said TAEWON KIM.


Not only such, TAEWON KIM said GEP will provide ordinary users and enterprise users two revenue model, the ordinary users used the LPoS, let the users lock the wallet tokens and get interest to obtain rewards, while corporate users participate in the GEP ecosystem by using DPoS and entrusting some or all of the number of tokens to block chain, this will also using the degree of GEP vitality contribution of enterprises, and sales to determine enterprise ranking, and get tokens awards.



Glosfer项目8.docx.png (GEP revenue model)


GEP cannot be regarded as a new project. The GLosfer Token it incorporates will be used in the regional cryptocurrency (such as Gwangju local currency), music platform (such as Upmusic) and proposal evaluation system where GLosfer has landed. In addition to the cooperation between Glosfer and South Korean government agencies, as well as Daebo information and communication, KLNET, KCC information and communication and other 14 large South Korean enterprises signed channel agreements, the overall Glosfer layout is very exciting.




Glosfer项目9.docx.png (Glosfer Token application example)


Moving out of South Korea and into the global offline community is the right time for Glosfer to expand his years of practical experience. Despite the ICO is illegal in South Korea, but the government is vigorously support blockchain enterprise development technology, blockchain company + traditional enterprise + government is a successful model of Glosfer. China's big cities with booming blockchain industry development as a first step for overseas, it is a good place to exchange experience and widely meet strategic partner. After the meeting, the media, Beijing community, institutions and other key industry people also further business communication in dining time. Tonight is Beijing, after that Glosfer's tour will cover more global cities.



(Reception dinner)


This article is reproduced only, does not constitute an investment opinion



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