24 October 2019 - 25 Tishri 5780 - כ"ה תשרי ה' אלפים תש"פ
Blockchain startup Orbs receives South Korean investment E-mail

Israeli blockchain startup Orbs announced in December that it had received an investment from Kakao Investment, the venture arm of South Korean internet conglomerate Kakao Corp.

Orbs did not disclose the size of the investment, but sources indicate it was a sevenfigure sum.

Kakao, South Korea’s largest messaging app operator, said last year that it would establish a unit focusing on blockchain technology.

Orbs said the investment will help it further its development and growth and will build on its existing partnership with Kakao blockchain subsidiary Ground X. The two companies have agreed to partner on blockchain applications and research and development projects.

Founded in 2017, Orbs is building a public blockchain acting as middleware solution for large-scale consumer decentralised applications (DApps). The technology is designed to support interoperability with multiple base-layer blockchains.

Please login or register to see the full article

Warning: Parameter 1 to modMainMenuHelper::buildXML() expected to be a reference, value given in /home/joomla789/domains/jewishtimesasia.org/public_html/libraries/joomla/cache/handler/callback.php on line 99
Jewish Times Asia is published by Jewish Times Asia Ltd. © Copyright 2019.
Material in the newspaper or on this site may not be used or reproduced in any form or in any way without permission from the editor.
While every effort has been made to ensure the content is true and accurate, the publisher is not responsible for any errors or omissions in the printed text.