DAEX Officially Enters Korea Market to Provide Top Trading and Clearing Services DAEX Follow Jul 3, 2018 · 3 min read

Chainers 2018 flyer (source: http://www.blockkarneval.com)

Chainers 2018 was a blockchain summit that took place in Seoul on July 1–2, organized by Blockchain Investment (a Korean based digital asset investment firm), The Blockchainer (a Chinese blockchain marketing solution provider) and Hankyung TV (a Korean finance and economic TV media group). It is regarded as one of Asia’s leading blockchain summits. Over 1,000 attendees from 20 different countries were present at the two-day event; these included top global blockchain projects, investment funds, venture capitalists, Korean media/KOLs and more.

South Korea is a huge market for cryptocurrencies — despite recent restrictions from the Korean government — and there is a lot of hype regarding the future of the industry. Several reports have emerged online announcing that several banks across the country are adopting blockchain technology into their systems. 2018 is the year that large-scale blockchain projects will start to take off in Korea.

Hana Zhang, co-founder of DAEX, held a speech on the second day of the event where she presented the DAEX project in the “Token Economy and Investment” section. The title of her presentation was “New ways of trading and investment based on blockchain”. Hana shared her insights on how close we are to the blockchain 3.0 era, and how it will include much more than the use of smart contracts.

She also spoke about regulations on cryptocurrencies in China (ICOs and cryptocurrency trading were banned in September last year). She is optimistic that the government will become more open to trading and crypto in general because they are currently supporting several blockchain development projects.

Centralized exchange hacks was another topic she addressed, as these hacking attempts are becoming frequent events that require a solution.

Hana has signed contracts with some local mediums and exchanges in Korea (further details will be disclosed at a future date) during this trip, and she plans to meet more Korean exchanges to talk about potential cooperation before she heads back to China. Centralized cryptocurrency exchanges are becoming very popular in Korea, and there are many challenges they face where DAEX can provide support.