An IT affiliate of South Korean electronics and manufacturing giant Samsung announced today that it has invested in a blockchain startup.
Blocko runs a blockchain-as-a-service platform called CoinStack, according to its website.
The firm said in a statement:
"Samsung SDS will increase competitiveness of its cybersecurity business and services by promoting sales of the differentiated cyber threat defense solution by Darktrace to Korean companies, as well as work with Blocko to support commercialization of emerging blockchain technology in various sectors including IoT."
Date : Published on July 1, 2016 at 22:20 BST