[South Korean blockchain unicorn Glosfer's second global tour: the capital of innovation - Shenzhen]
GLOSFER
31days ago
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Editors note: Glosfer, one of the South Korea's most influential blockchain company, just completed its first global tour in Beijing and came to the capital of innovation: Shenzhen. 

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Glosfer, one of the South Korea's most influential blockchain company, just completed its first global tour in Beijing and came to the capital of innovation: Shenzhen. Co-hosted by Glosfer, BLOCK GLOBAL, FUBT (Hong Kong), Coinin (South Korea), BLOCK CAPITAL, jointly supported by Block Technology, blocktimes (Taiwan), 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).

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[BLOCK GLOBAL chairman Yanqiang Shi shared his hands-on experience with whole Asia layout and delivered opening speech for Glosfer in Shenzhen station]

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 Korea 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 Korea 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.

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(GEP market size and business strategy)

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

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

 

KIM BOGYU, Glosfer executive director, said in Shenzhen press conference: "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."

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(Glosfer executive director KIM BOGYU)

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 KIM BOGYU.

 

Not only such, 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 blockchain, this will also using the degree of GEP vitality contribution of enterprises, and sales to determine enterprise ranking, and get tokens awards.

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 (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. 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, Shenzhen community, institutions and other key industry people also further business communication in dining time. Tonight is Shenzhen, after that Glosfer's tour will cover more global cities.

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(Guests attended at Shenzhen station)

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(Cocktail party of Shenzhen station)

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


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