Orbs, an Israeli hybrid blockchain platform, has entered into an investment partnership with the venture arm of Kakao, a South Korean internet group.

Earlier, Orbs had also signed a partnership agreement with Kakao blockchain subsidiary Ground X to carry out research, development, and deployment of blockchain applications. According to the company, the new investment from Kakao will help Orbs further the protocol’s development and growth.

Daniel Peled, Orbs CEO and co-founder, has stated that the partnership with the consumer technology company Kakao will benefit them in moving ahead with the goal of driving real usage and impact into 2019.

Kris Park, executive director of Kakao Investment, has said that Kakao Investment focuses on identifying and helping blockchain innovators such as Orbs. He added that the company has built an innovative business model with tailored technological capabilities to help the company enhance its potential.