



▲ Source: Blocko site





Blocko, one of the leading blockchain-based startup enterprises in Korea, has been nominated along with five other Korean startup enterprises as one of the “most innovative” by The Korea Herald in 2018.





It is a blockchain technology company focused on providing a blockchain-as-a-service platform for digital identity and payments dubbed “Coinstack” to online enterprises wishing to incorporate blockchain into their existing business models.





Having secured business partnerships with already some of the biggest Korean companies in the financial payments and digital identity verification sectors like Lotte Card and LG CNS, Blocko has access to millions of users for an actual real world use case.





Blocko provides enterprise-grade APIs and SDKs allowing enterprises to directly plug in Coinstack into the existing infrastructure without much of a development period.





Recently, they have made the news for expanding their international presence by opening offices in Hong Kong and London as well.





According to the latest Series B round of venture funding by institutional investors, Blocko is valued at more than $14 million.





SparkLabs Ventures, Samsung Venture Investment, and POSCO are some of the name-brand institutional investors to have participated in Series A and Series B funding rounds.





News has constantly been coming out of Korea as the main narrative of blockchain news in South Korea this year has been the positive push towards enterprise development and adoption of private blockchain into existing technologies.





The company is also known in the industry as the company behind its 4th generation public blockchain ecosystem project Aergo that has gotten strong investor sentiment due to its goal of leveraging its private blockchain use enterprise clients to link with public blockchain networks.





[Blockchain News Korea Albert Kim]





[Twitter: @BlockNewsKorea]