Giant businesses in South Korea are still leading the nation’s blockchain industry. According to a recent report, the country’s Software Policy and Research Institute has revealed that 7 out of the top 10 largest companies in South Korea have started applying the blockchain technology.

They claim large enterprises alone accounted for 86% of blockchain-related expenditure in 2018. Meanwhile, the total blockchain spending in the country last year was almost $110 million, according to the Institute.

Businesses in South Korea are mostly family-run business groups who deal in manufacturing, distribution, electronics, telecommunications, logistics, and others. These businesses are now integrating the blockchain technology in their services leading to accelerated development of the blockchain-powered industry.

It was also reported that Samsung, another giant blockchain spender, is trying to speed up its blockchain game. Its internet service subsidiary, Samsung’s SDS, is preparing to create a blockchain-powered mobile ticketing solution. The company claims the ticketing solution will make use of Samsung’s SDS Nexledger platform.

Meanwhile, there is an ongoing open-ideas contest organized by Samsung’s SDS for upcoming developers who wish to use the Nexledger main-net. Developers whose proposals will be selected are going to receive financial and technical support from the firm.

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