Bitcoin Newsroom Articles
Korean Fintech startup Blocko’s blockchain-
Blocko’s Coinstack enables users and developers to develop, test and implement blockchain
solutions across public, private and cloud-
According to Korean business daily Business Korea, the GS certification is a state-
Coinstack’s most prominent implementation, thus far, is its adoption by South Korea’s
sole securities exchange operator, the Korea Exchange (KRX). Serviced both via cloud
Blocko’s blockchain platform will be put to use at the Korean Securities Exchange.
“With the acquisition of the GS certification, we are now able to offer excellent
blockchain products in terms of functionality and performance to customers,” stated
Blocko CEO Kim Won-
The benefits of gaining the GS certification sees Blocko exempted from several regulatory
measures in establishing Coinstack. The most notable benefit is its designation as
a preferential purchase by public agencies, which could encourage more blockchain-
The certification for Blocko’s blockchain platform comes within weeks after reports that Korea is planning to introduce regulations for bitcoin in 2017 after increased adoption of the cryptocurrency in the country. The report comes amid a marked effort by the government to encourage a digital currency system to boost Fintech in the country. More recently, South Korean financial institutions and blockchain technology firms formed the country’s first every blockchain consortium to put the innovation to use in various industries from 2017 onwards.