BTS' V has once again delighted his fans, this time with a surprise gift in the form of a series of unseen official photos from his Layover project.

"Full of love just like him": Fans go berserk as Naver releases BTS' V's Layover behind the scenes photos

Mirae Asset Financial Group founder and Chairman Park Hyeon-joo will sit down with the younger generation to better communicate with them at a private luncheon to be held in Seoul on Dec. 11, the Federation of Korean Industries said Tuesday.

Lunch with Mirae Asset, Naver chiefs to be auctioned

The Korean government, local internet portal operator Naver and Samsung Electronics will participate in an artificial intelligence (AI) safety summit due in Britain next month, Naver said Sunday.

Samsung, Naver, gov't to attend AI safety summit in Britain

The South Korean government, local internet portal operator Naver Corp. and Samsung Electronics Co. will participate in an artificial intelligence (AI) safety summit due in Britain next month, Naver said Sunday.

Samsung, Naver, gov't to attend AI safety summit in Britian

NAVER Cloud announced its participation on "Digital Classroom Project" in collaboration with the Mongolian Ministry of Education and Science, to drive digital innovation in Mongol

NAVER Whale Drives Digital Transformation in Mongolian Education with Edutech Expertise

Apple is actively developing new 12-inch and 13-inch MacBook models for sale at a planned price point of around $700 or less, claims a rumor

Apple to Sell Low-Cost 12-Inch and 13-inch MacBooks for $700 or Less

South Korean internet giant Naver said Tuesday it has secured a large-scale deal in Saudi Arabia to build a cloud-based digital twin platform for the kingdom’s futuristic smart city project. The deal signing ceremony was held in Saudi capital Riyadh on Monday upon President Yoon Suk Yeol’s state visit.

Naver to build digital twin platform for Saudi cities

South Korean internet leader Naver Corp has won a contract to build and operate a cloud platform for Saudi Arabia, marking its first major high-tech e

South Korea’s Naver wins Saudi deal to build digital replicas of Mecca, Riyadh

NAVER

naver

Google's Monopoly: Reduced Competition Reduces Search Quality And The Options Available To Consumers

United States of America v. Google LLC., Court Filing, retrieved on April 30, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This part is 7 of 37. B. General Search Competition 1. Search Competitors 73. General search competitors—all of which are significantly smaller than Google in the United States—include Bing, Yahoo, DuckDuckGo, You.com, Ask.com, Brave, and Ecosia. Tr. 1232:22–1233:18 (Dischler (Google)); Tr. 8093:10–8094:5 (Gomes (Google)); Tr. 2167:21– 2168:4; (Giannandrea (Apple)); Tr. 2169:17–22 (Giannandrea (Apple)); Tr. 1942:11–21 (Weinberg) (DuckDuckGo)); UPX0599 at -698 (2008 email by Barton (Google) identifying Ask.com as offering web search); UPX0913 at -017 (Dr. Varian’s presentation listing Google, Bing, and DuckDuckGo as “general purpose” search engines). Outside of the United States, GSEs include Yandex (in Russia), Baidu (in China), and Naver (in South Korea). Tr. 2720:5– 2721:5 (Parakhin (Microsoft)); Tr. 7124:24–7125:14 (Baker (Mozilla)). a) Independent Versus Syndicated Engines 74. Search syndication occurs when one search engine is powered by, and receives results from, another in a white-label manner. Tr. 3520:13–22 (Nadella (Microsoft)); Tr. 320:10– 20 (Barton (Google)) (“[S]yndication . . . is when you’re powering someone else’s search.”). GSEs, which are typically free for users and funded by the sale of ads, can operate independently or through a syndication agreement with an independent GSE. Tr. 7345:8–19 (Raghavan (Google)) (Revenue from advertising supports Google’s search engine.); Tr. 184:11–12 (Varian (Google)) (GSEs are funded by the sale of ads); UPX0119 at -534 (Google analyzing its search syndication partnership with Yahoo in the U.S.). 75. Google and Bing are the only meaningful companies that independently own all the elements of a GSE. UPX0332 at -673 (Google listing only itself and Microsoft (Bing) as “general purpose search engines”); UPX0266 at -983 (Giannandrea (Apple)) (“there are so few serious contenders in [general web search] because of the depth of R&D needed”); UPX0333 at -116 (Varian declaring that “Google is [an] ad supported general purpose search engine. There aren’t very many of these in part because they are very expensive to build and maintain”); Des. Tr. 105:18–106:24 (Connell (Microsoft) Dep.) (“there are only a few search systems on the planet that allow you to understand queries and crawl the web and index the Internet”). 76. Nearly all other GSEs in the United States syndicate results from Google or Bing. Tr. 2061:18–2062:9 (Weinberg (DuckDuckGo)) (when considering syndication partners, DuckDuckGo looked at [redacted]); Des. Tr. 279:14–17; 279:19–25; 280:2–7 (Stein (IAC) Dep.) (Ask.com syndicates from Google and Bing); Tr. 5916:10–19 (Whinston (Pls. Expert)) (including DuckDuckGo and Yahoo in market share statistics is conservative as they syndicate results from Bing and are not clearly independent competitors). Yahoo and DuckDuckGo, the two major syndicated GSEs in the United States, syndicate from Microsoft’s Bing. Tr. 3520:13–22 (Nadella (Microsoft)); Des. Tr. 34:25–35:18, 35:24–36:8 (Ramalingam (Yahoo) Dep.) (although Yahoo used to crawl and index the web, it now gets results from Microsoft). b) Differentiation In General Search Engines 77. Bing and Yahoo offer general search engine experiences similar to Google. Bing is Google’s most significant competitor among GSEs. Tr. 8094:8–10 (Gomes (Google)); UPX0888 at -852 (Bing mimics Google in “look-and-feel” and if “Apple switches to Bing” from Google as its default, “most people won’t even notice a difference.”); Des. Tr. 216:3–217:2 (Baker (Mozilla) Dep.) (Bing, Yahoo, and Google would be products able to “fulfill the search engine function” in the Firefox browser.). DuckDuckGo, however, offers a GSE that emphasizes privacy. Tr. 1945:9–1946:4, 1947:3–1948:25 (Weinberg (DuckDuckGo)); UPX0408 at -030–36 (identifying DuckDuckGo as a “privacy-focus[]ed search engine[]”). 78. Neeva offered a different approach to user privacy: a subscription-based GSE with no ads. Tr. 3671:2–3672:11 (Ramaswamy (Neeva)) (Neeva sought to create a search engine not beholden to advertisers). Specifically, Neeva differentiated itself through privacy, personalization, generative AI, and being ads-free. Tr. 3718:25–3719:16 (Ramaswamy (Neeva)). 2. Potential Search Competitors 79. Tools and services that are designed to search the contents of mobile apps are not substitutes for general search services today. Tr. 5851:5–5852:5 (Whinston (Pls. Expert)) (discussing Branch and UPX0694). Such app-search tools do not require their developers to index the web, and their core service does not involve returning web results in response to user queries. Tr. 2957:3–18 (Austin (Branch)) (Branch does not indexed the web); Tr. 847:23–848:9 (Kolotouros (Google)) (on-device search explores what is on the phone, even when it is not connected to the web). 80. For example, Branch offers an app-search tool that includes, among other things, an on-device search service. Tr. 2894:3–18 (Austin (Branch)) (Branch allows a user to search across app pages and then be directed to the app); Tr. 2789:12–18 (Kartasheva (Google)) (Branch indexes app content to allow users to search within those apps and can show customized ads to those users based on user activity.); id. 2796:20–2797:17 (Branch uses deeplinking); Tr. 4497:2–13 (Chang (Samsung Next)) (explaining that Branch was integrated with S Finder, Samsung’s on-device search product). 81. Some large distributors also provide search features. For example, although Apple does not operate a GSE, Tr. 2206:2–3 (Giannandrea (Apple)), it provides users certain search capabilities through Spotlight, Siri, and Suggestions, supra ¶¶ 8–10. Apple’s goal is to “give answers when we ha[ve] them” and “get people where they’re going faster[.]” Id. 2282:14–20. Apple has invested significantly in search technology to enable these features and could leverage this technology to answer more queries in the future. Infra ¶¶ 1093–1119 (§ VIII.B.3.a). 3. Evolution From Desktop To Mobile 82. Before 2010, very little if any general searches occurred on mobile phones. Tr. 3097:13–3099:03 (Tinter (Microsoft)) (When Bing first launched in 2009, most searches were on desktop); Tr. 316:1–9 (Barton (Google)) (When he joined Google in 2004, people used feature phones, which were “very basic phones” from companies like Nokia and Motorola). Since 2010, the number of mobile phone searches has grown rapidly. Id. 317:6–20 (between 2011 and 2013, mobile search became “a very significant portion of all search.”); Tr. 3663:7–18 (Nadella (Microsoft)) (in the early 2010s, mobile grew to be “the dominant platform” for search); UPX0006 at -330 (2019 Google deck showing actual and projected percentages of mobile, desktop, and tablet revenues and queries for 2018–2023). 83. Today, more than half of all general searches occur on mobile phones. Tr. 3097:13–3099:03 (Tinter (Microsoft)); UPX0006 at -330 (Google 2019 “Search State of the Union” with chart showing actual and projected percentages of mobile, desktop, and tablet revenues and queries for 2018–2023). “[T]he user behavior dynamics on mobile tend to be different than they are on PC, right.” Tr. 3102:12–3104:25 (Tinter (Microsoft)); Tr. 329:21– 330:1 (Barton (Google)). Some of this differentiation is a function of smaller screen real estate, and lack of keyboard. Tr. 9764:2–18 (Murphy (Def. Expert)) (conceding that a difficulty exists in changing the default on mobile devices because it lacks a keyboard and the screens are smaller); Tr. 1628:25–1629:4 (Roszak (Google)) (discussing UPX1050, agreeing that keyboards and screen size are different on mobile); Tr. 3102:12–3104:25 (Tinter (Microsoft)). Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on April 30, 2024, storage.courtlistener is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. United States of America v. Google LLC., Court Filing, retrieved on April 30, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This part is 7 of 37. United States of America v. Google LLC., Court Filing, retrieved on April 30, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part of this filing here . This part is 7 of 37. HackerNoon’s Legal PDF Series here B. General Search Competition 1. Search Competitors 1. Search Competitors 73. General search competitors—all of which are significantly smaller than Google in the United States—include Bing, Yahoo, DuckDuckGo, You.com, Ask.com, Brave, and Ecosia. Tr. 1232:22–1233:18 (Dischler (Google)); Tr. 8093:10–8094:5 (Gomes (Google)); Tr. 2167:21– 2168:4; (Giannandrea (Apple)); Tr. 2169:17–22 (Giannandrea (Apple)); Tr. 1942:11–21 (Weinberg) (DuckDuckGo)); UPX0599 at -698 (2008 email by Barton (Google) identifying Ask.com as offering web search); UPX0913 at -017 (Dr. Varian’s presentation listing Google, Bing, and DuckDuckGo as “general purpose” search engines). Outside of the United States, GSEs include Yandex (in Russia), Baidu (in China), and Naver (in South Korea). Tr. 2720:5– 2721:5 (Parakhin (Microsoft)); Tr. 7124:24–7125:14 (Baker (Mozilla)). a) Independent Versus Syndicated Engines a) Independent Versus Syndicated Engines 74. Search syndication occurs when one search engine is powered by, and receives results from, another in a white-label manner. Tr. 3520:13–22 (Nadella (Microsoft)); Tr. 320:10– 20 (Barton (Google)) (“[S]yndication . . . is when you’re powering someone else’s search.”). GSEs, which are typically free for users and funded by the sale of ads, can operate independently or through a syndication agreement with an independent GSE. Tr. 7345:8–19 (Raghavan (Google)) (Revenue from advertising supports Google’s search engine.); Tr. 184:11–12 (Varian (Google)) (GSEs are funded by the sale of ads); UPX0119 at -534 (Google analyzing its search syndication partnership with Yahoo in the U.S.). 75. Google and Bing are the only meaningful companies that independently own all the elements of a GSE. UPX0332 at -673 (Google listing only itself and Microsoft (Bing) as “general purpose search engines”); UPX0266 at -983 (Giannandrea (Apple)) (“there are so few serious contenders in [general web search] because of the depth of R&D needed”); UPX0333 at -116 (Varian declaring that “Google is [an] ad supported general purpose search engine. There aren’t very many of these in part because they are very expensive to build and maintain”); Des. Tr. 105:18–106:24 (Connell (Microsoft) Dep.) (“there are only a few search systems on the planet that allow you to understand queries and crawl the web and index the Internet”). 76. Nearly all other GSEs in the United States syndicate results from Google or Bing. Tr. 2061:18–2062:9 (Weinberg (DuckDuckGo)) (when considering syndication partners, DuckDuckGo looked at [redacted]); Des. Tr. 279:14–17; 279:19–25; 280:2–7 (Stein (IAC) Dep.) (Ask.com syndicates from Google and Bing); Tr. 5916:10–19 (Whinston (Pls. Expert)) (including DuckDuckGo and Yahoo in market share statistics is conservative as they syndicate results from Bing and are not clearly independent competitors). Yahoo and DuckDuckGo, the two major syndicated GSEs in the United States, syndicate from Microsoft’s Bing. Tr. 3520:13–22 (Nadella (Microsoft)); Des. Tr. 34:25–35:18, 35:24–36:8 (Ramalingam (Yahoo) Dep.) (although Yahoo used to crawl and index the web, it now gets results from Microsoft). b) Differentiation In General Search Engines b) Differentiation In General Search Engines 77. Bing and Yahoo offer general search engine experiences similar to Google. Bing is Google’s most significant competitor among GSEs. Tr. 8094:8–10 (Gomes (Google)); UPX0888 at -852 (Bing mimics Google in “look-and-feel” and if “Apple switches to Bing” from Google as its default, “most people won’t even notice a difference.”); Des. Tr. 216:3–217:2 (Baker (Mozilla) Dep.) (Bing, Yahoo, and Google would be products able to “fulfill the search engine function” in the Firefox browser.). DuckDuckGo, however, offers a GSE that emphasizes privacy. Tr. 1945:9–1946:4, 1947:3–1948:25 (Weinberg (DuckDuckGo)); UPX0408 at -030–36 (identifying DuckDuckGo as a “privacy-focus[]ed search engine[]”). 78. Neeva offered a different approach to user privacy: a subscription-based GSE with no ads. Tr. 3671:2–3672:11 (Ramaswamy (Neeva)) (Neeva sought to create a search engine not beholden to advertisers). Specifically, Neeva differentiated itself through privacy, personalization, generative AI, and being ads-free. Tr. 3718:25–3719:16 (Ramaswamy (Neeva)). 2. Potential Search Competitors 2. Potential Search Competitors 79. Tools and services that are designed to search the contents of mobile apps are not substitutes for general search services today. Tr. 5851:5–5852:5 (Whinston (Pls. Expert)) (discussing Branch and UPX0694). Such app-search tools do not require their developers to index the web, and their core service does not involve returning web results in response to user queries. Tr. 2957:3–18 (Austin (Branch)) (Branch does not indexed the web); Tr. 847:23–848:9 (Kolotouros (Google)) (on-device search explores what is on the phone, even when it is not connected to the web). 80. For example, Branch offers an app-search tool that includes, among other things, an on-device search service. Tr. 2894:3–18 (Austin (Branch)) (Branch allows a user to search across app pages and then be directed to the app); Tr. 2789:12–18 (Kartasheva (Google)) (Branch indexes app content to allow users to search within those apps and can show customized ads to those users based on user activity.); id. 2796:20–2797:17 (Branch uses deeplinking); Tr. 4497:2–13 (Chang (Samsung Next)) (explaining that Branch was integrated with S Finder, Samsung’s on-device search product). 81. Some large distributors also provide search features. For example, although Apple does not operate a GSE, Tr. 2206:2–3 (Giannandrea (Apple)), it provides users certain search capabilities through Spotlight, Siri, and Suggestions, supra ¶¶ 8–10. Apple’s goal is to “give answers when we ha[ve] them” and “get people where they’re going faster[.]” Id. 2282:14–20. Apple has invested significantly in search technology to enable these features and could leverage this technology to answer more queries in the future. Infra ¶¶ 1093–1119 (§ VIII.B.3.a). 3. Evolution From Desktop To Mobile 3. Evolution From Desktop To Mobile 82. Before 2010, very little if any general searches occurred on mobile phones. Tr. 3097:13–3099:03 (Tinter (Microsoft)) (When Bing first launched in 2009, most searches were on desktop); Tr. 316:1–9 (Barton (Google)) (When he joined Google in 2004, people used feature phones, which were “very basic phones” from companies like Nokia and Motorola). Since 2010, the number of mobile phone searches has grown rapidly. Id. 317:6–20 (between 2011 and 2013, mobile search became “a very significant portion of all search.”); Tr. 3663:7–18 (Nadella (Microsoft)) (in the early 2010s, mobile grew to be “the dominant platform” for search); UPX0006 at -330 (2019 Google deck showing actual and projected percentages of mobile, desktop, and tablet revenues and queries for 2018–2023). 83. Today, more than half of all general searches occur on mobile phones. Tr. 3097:13–3099:03 (Tinter (Microsoft)); UPX0006 at -330 (Google 2019 “Search State of the Union” with chart showing actual and projected percentages of mobile, desktop, and tablet revenues and queries for 2018–2023). “[T]he user behavior dynamics on mobile tend to be different than they are on PC, right.” Tr. 3102:12–3104:25 (Tinter (Microsoft)); Tr. 329:21– 330:1 (Barton (Google)). Some of this differentiation is a function of smaller screen real estate, and lack of keyboard. Tr. 9764:2–18 (Murphy (Def. Expert)) (conceding that a difficulty exists in changing the default on mobile devices because it lacks a keyboard and the screens are smaller); Tr. 1628:25–1629:4 (Roszak (Google)) (discussing UPX1050, agreeing that keyboards and screen size are different on mobile); Tr. 3102:12–3104:25 (Tinter (Microsoft)). Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on April 30, 2024, storage.courtlistener is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on April 30, 2024, storage.courtlistener is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener

Google vs Bing vs Yahoo: The Search Engine Competition

SEOUL, South Korea, May 8, 2024—CoinNess, one of the largest cryptocurrency investment information providers in Asia, today launched its English service with a Live Feed feature for global audiences. CoinNess's Live Feed service provides real-time updates for investors in the blockchain and cryptocurrency industry. Founded in 2018, CoinNess has quickly established a strong presence, amassing an extensive user base of over 1 million across Asia, extending beyond South Korea. Renowned for its rapid distribution of the latest cryptocurrency updates, CoinNess aims to deliver breaking news within five minutes of new industry developments, ensuring continuous, around-the-clock coverage. Since the platform’s launch, the Live Feed feature has generated over 200,000 news briefs for investors. CoinNess is also the largest provider of cryptocurrency investment information for institutions in South Korea. Some 40 crypto-related platforms have integrated CoinNess's Live Feed API into their services. In 2023, CoinNess gained significant attention when it was selected by Naver, South Korea's largest search engine, to be the exclusive provider of live cryptocurrency updates as the internet giant made its first foray into displaying this type of content. In its latest development, CoinNess has forged a partnership with Yonhap Infomax, the financial news provider of the national news agency Yonhap News, to exclusively provide a live crypto feed. On May 7, CoinNess introduced the English Live Feed service for retail investors, along with a business-to-business (B2B) application programming interface (API) that its partners can implement into their services. In addition to Live Feed, CoinNess offers a comprehensive suite of information offerings related to crypto investment, including Asian market analysis, market data, on-chain data, and personalized curation of social media posts. Regarding the company's latest service introduction, CoinNess CEO Kim Jungho said, "Renowned Asian crypto exchanges, legacy media outlets, wallet providers, and online communities have implemented our Live Feed API to offer a fuller user experience for their customers." In preparation for the English Live Feed launch, CoinNess hired over ten professional content writers with extensive backgrounds in the crypto sector. This acquisition of new talent has raised the company's workforce to 50, covering both its Korean and English services. CoinNess boasts a seasoned content team and its own advanced algorithm that monitors and collects real-time data from a wide range of sources, including global media outlets, government agencies, social media platforms, crypto exchanges, and on-chain data providers. This comprehensive approach enables the CoinNess team to publish news briefs within five minutes of an issue breaking out. The platforms that have partnered with CoinNess recognize the value that the timely delivery of professional, concisely-written crypto sector news briefs brings to their users. CEO Kim expressed confidence in the new service, saying, “Our crypto Live Feed service is now accessible to institutional investors, including South Korean brokerage firms, through a terminal. This marks the first time in the world such an integration has been offered, demonstrating our service’s content quality.” Lastly, in celebration of its English Live Feed service launch, CoinNess has decided to provide its Live Feed API to partners free of charge for a limited time. If you would like to avail of this value addition for the benefit of your enterprise, don't hesitate to reach out to the CoinNess business team today at business@coinness.live. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SEOUL, South Korea, May 8, 2024—CoinNess, one of the largest cryptocurrency investment information providers in Asia, today launched its English service with a Live Feed feature for global audiences. CoinNess's Live Feed service provides real-time updates for investors in the blockchain and cryptocurrency industry. Founded in 2018, CoinNess has quickly established a strong presence, amassing an extensive user base of over 1 million across Asia, extending beyond South Korea. Renowned for its rapid distribution of the latest cryptocurrency updates, CoinNess aims to deliver breaking news within five minutes of new industry developments, ensuring continuous, around-the-clock coverage. Since the platform’s launch, the Live Feed feature has generated over 200,000 news briefs for investors. CoinNess is also the largest provider of cryptocurrency investment information for institutions in South Korea. Some 40 crypto-related platforms have integrated CoinNess's Live Feed API into their services. In 2023, CoinNess gained significant attention when it was selected by Naver, South Korea's largest search engine, to be the exclusive provider of live cryptocurrency updates as the internet giant made its first foray into displaying this type of content. In its latest development, CoinNess has forged a partnership with Yonhap Infomax, the financial news provider of the national news agency Yonhap News, to exclusively provide a live crypto feed. On May 7, CoinNess introduced the English Live Feed service for retail investors, along with a business-to-business (B2B) application programming interface (API) that its partners can implement into their services. In addition to Live Feed, CoinNess offers a comprehensive suite of information offerings related to crypto investment, including Asian market analysis, market data, on-chain data, and personalized curation of social media posts. comprehensive suite comprehensive suite Regarding the company's latest service introduction, CoinNess CEO Kim Jungho said, "Renowned Asian crypto exchanges, legacy media outlets, wallet providers, and online communities have implemented our Live Feed API to offer a fuller user experience for their customers." Regarding the company's latest service introduction, CoinNess CEO Kim Jungho said, "Renowned Asian crypto exchanges, legacy media outlets, wallet providers, and online communities have implemented our Live Feed API to offer a fuller user experience for their customers." In preparation for the English Live Feed launch, CoinNess hired over ten professional content writers with extensive backgrounds in the crypto sector. This acquisition of new talent has raised the company's workforce to 50, covering both its Korean and English services. CoinNess boasts a seasoned content team and its own advanced algorithm that monitors and collects real-time data from a wide range of sources, including global media outlets, government agencies, social media platforms, crypto exchanges, and on-chain data providers. This comprehensive approach enables the CoinNess team to publish news briefs within five minutes of an issue breaking out. The platforms that have partnered with CoinNess recognize the value that the timely delivery of professional, concisely-written crypto sector news briefs brings to their users. CEO Kim expressed confidence in the new service, saying, “Our crypto Live Feed service is now accessible to institutional investors, including South Korean brokerage firms, through a terminal. This marks the first time in the world such an integration has been offered, demonstrating our service’s content quality.” CEO Kim expressed confidence in the new service, saying, “Our crypto Live Feed service is now accessible to institutional investors, including South Korean brokerage firms, through a terminal. This marks the first time in the world such an integration has been offered, demonstrating our service’s content quality.” Lastly, in celebration of its English Live Feed service launch, CoinNess has decided to provide its Live Feed API to partners free of charge for a limited time. If you would like to avail of this value addition for the benefit of your enterprise, don't hesitate to reach out to the CoinNess business team today at business@coinness.live . business@coinness.live This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Leading Asian Crypto Info Provider CoinNess launches English Live Feed With Free API Offer

Why is Roblox Special? 

Superblock, a contributor to Over Protocol, has raised $8 million from prominent companies and VCs in South Korea across two funding rounds. Investors included SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ. Ben (Jae-Yun) Kim, the founder of Superblock, said: "We are deeply diving into the South Korean market with the best local partners and looking to meet global partners accelerating us all over the world." As have become faster and more established over time, the costs of bootstrapping and maintaining nodes have become increasingly expensive. As a consequence, blockchain applications have become challenging to operate without the use of costly equipment. layer 1 blockchains Over Protocol is a new layer 1 blockchain based on a protocol named "Ethanos" that only considers active accounts valid, enabling full nodes to discard obsolete data and operate with less storage, thus allowing for reduced storage requirements. With Over, anyone will be able to run a node and become a validator on their PCs at home. Ethanos has been published at EuroSys’21. "With the ability for anyone to run a validator, individuals can earn potentially passive income through a process called home staking, enabling them to embrace a new lifestyle with new payment options, enhanced credit, and innovative finance opportunities," Ben added. About Superblock Superblock builds products, tools, and decentralized applications to flourish the Over Protocol. Over Protocol is a truly decentralized layer 1 blockchain providing lightweight full nodes. For more information: | | Twitter Discord Medium Contact: David Kim, Marketer Superblock This story was distributed as a release by Chainwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author

Superblock Raises $8M for Over Protocol: A Lightweight Full Node Layer 1 Blockchain

Superblock recauda $ 8 millones para Over Protocol: una cadena de bloques liviana de capa 1 de nodo completo

Superblock lève 8 millions de dollars pour Over Protocol: une blockchain légère de couche 1 à nœud complet

सुपरब्लॉक ने ओवर प्रोटोकॉल के लिए $8 मिलियन जुटाए: एक हल्का फुल नोड लेयर 1 ब्लॉकचेन

Superblock がオーバー プロトコルで 800 万ドルを調達: 軽量のフルノード レイヤ 1 ブロックチェーン

Superblock arrecada US$ 8 milhões para over protocol: um blockchain leve de camada 1 de nó completo

Superblock huy động được 8 triệu đô la cho Over Protocol: Chuỗi khối lớp 1 đầy đủ nút nhẹ

Superblock 为 Over Protocol 筹集了 800 万美元：轻量级全节点第 1 层区块链

Hey Hackers! On April 19th, , the creators of the widely popular game , have announced a joint venture with augmented reality firm, Naver Z, to “create a new metaverse platform under the title Migaloo”. KRAFTON PUBG: Battlegrounds Based out of South Korea, KRAFTON was founded in 2007 and describes itself as a “collective of independent game development studios bound by a passion for creating innovative and engaging entertainment experiences for gamers worldwide”. KRAFTON consists of various gaming studios including: STUDIOS, Bluehole Studio, RisingWings, Striking Distance Studios, Dreamotion, Unknown Worlds, 5minlab, Neon Giant and KRAFTON Montréal Studio. PUBG Not much information was shared about KRAFTON’s upcoming game, “Migaloo”, but what we do know is there will be a create-to-earn (C2E) system that will allow players to create in-game NFTs that can be sold and traded to other users. KRAFTON did share that Migaloo will launch “later this year”, but did not give any specific details about the release date. “The companies have invested roughly $36.8 million USD to develop the platform, which features a Create-to-Earn (C2E) system that allows content creators to build works in the metaverse that users can purchase and own using NFTs and blockchain technology. The joint venture will be based in North America, with the name to be shared once a local corporate entity has been established. The joint venture will combine KRAFTON’s experience in developing popular games with NAVER Z’s expertise in operating metaverse social networks. KRAFTON will develop sandbox tools and blockchain systems for creators, while NAVER Z will focus on service planning and partnership acquisition. The platform is set to launch later this year, and it promises to be a new metaverse platform that incentivizes creators and offers transparency in transactions and settlements.” - Statement from KRAFTON Press Release Just yesterday I wrote about announcing their with Elixir games to push into web3 and . Square Enix strategic partnership blockchain gaming Square Enix has a NFT-based game in the works, SYMBIOGENESIS, and with KRAFTON announcing their metaverse and NFT-based game, Migaloo, we now have two blockchain games being developed by major Asian gaming studios. Interestingly, I have seen a general pushback towards blockchain gaming and NFT-based games from the United States gamers. This negative sentiment towards blockchain gaming in the United States, has lead to little innovation or development from major gaming companies. In contrast, it appears to me that Asian gamers are more receptive towards NFT-based games, as we see major Asian gaming companies developing games for blockchain and investing heavily into web3. These actions lead me to believe that the Asian gaming companies clearly see the blockchain gaming market as an edge to their United States and Western competitors. It will be interesting to keep an eye on this to see if the wider gaming industry will follow the lead of the Asian gaming companies into the world of blockchain gaming. What are your thoughts on this news? Have you ever played PUBG: Battlegrounds before? Are we seeing the beginning of a huge industry shift for gaming? Will USA gaming companies follow Asia? Let me know in the comments below! Enter my on Publish0x to win yourself some free Crypto! Monthly Giveaway Check out my Socials: https://linktr.ee/zerorequiem0x See ya! :) Also published here.

The Team Behind PUBG is Launching a Metaverse Platform

El equipo detrás de PUBG está lanzando una plataforma Metaverse

L'équipe derrière PUBG lance une plateforme Metaverse

पबजी के पीछे की टीम मेटावर्स प्लेटफॉर्म लॉन्च कर रही है

PUBG の背後にあるチームがメタバース プラットフォームを立ち上げる

A equipe por trás do PUBG está lançando uma plataforma Metaverse

Đội ngũ đằng sau PUBG đang ra mắt Nền tảng Metaverse

PUBG 背后的团队正在推出一个 Metaverse 平台

Everyone’s been talking about The Metaverse and how it will herald the future of digital technologies. Brands and creators are scrambling left and right to get in on all the action generated by this immense industry. While it’s still largely a work in progress, it continues to develop with no signs of stopping any time soon. By 2030, The Metaverse market could grow to . more than $5 trillion Many global enterprises are already making an effort to establish their presence in the current iteration of The Metaverse. While it’s not expected to be fully fleshed out anytime soon, let’s take a look at what it can be, based on things we already know. The Metaverse is like Roblox, but for adults Roblox is a popular online platform with around the world. 47 million daily active users It’s not a game per se, but more like an online venue where people come to create their own virtual worlds and games as well as play a multitude of user-created games. Roblox is an immersive, interactive virtual world that allows users to bring their visions to life. Aside from delivering immersive virtual experiences, Roblox doesn’t lose its social aspect, allowing users to explore different virtual worlds with their friends or other players. Roblox appeals more to younger people as are under 16 years old, while only 14% are over 25. In the first quarter of 2022, users logged in . 67% of its users 11.8 billion hours of engagement More than just being a popular platform, it’s also an often-cited example of what The Metaverse is supposed to be like. Renowned venture capitalist Matthew Ball as a user-centric and user-generated platform that’s built and managed by independent individuals, groups, and enterprises. He further describes it as an inclusive world that everyone can participate. describes The Metaverse When we come to think of it, The Metaverse is just like Roblox, except it’s geared more toward adults. Just like Roblox, The Metaverse lets users socialize, create networks, do business, and even shop. In fact, it’s starting to shape up as the next big step for social media platforms. While it’s not going to replace these channels, The Metaverse is poised to become an extension of these platforms, bringing real-time immersive virtual experiences to users worldwide. Tim Sweeny, the founder of Epic Games which created Fortnite (also considered to be an early Metaverse by some) believes it as well: — Tim Sweeny, Founder of Epic Games (Fortnite) “There is something missing in conventional social media right now. We have social networks like Facebook, KakaoTalk, Twitter and Naver for communication. But they’re all based on text, pictures and movies. I think the next step is going to be having social experiences where you can get together with your friends in a virtual world, wherever you are,” Many artists, such as Lil Nas X and Travis Scott, are embracing the potential of The Metaverse, which allows them to perform in front of millions of viewers worldwide. Lil Nas X’s Roblox virtual concert was a huge hit, with the show garnering . 33 million views The Metaverse is like eBay eBay is one of the world’s most popular eCommerce platforms that was first launched in 1995 as AuctionWeb. It started out as a marketplace for various collectibles and then it branched out to include other categories such as clothing and cars. We’re seeing a revival of this model in the digital world. Nowadays, people are trading non-fungible tokens (NFTs), which are also known as digital collectibles. Many of these NFTs take on the form of digital artworks, like the Bored Ape Yacht Club collection, featuring pictures of apes decked in unique clothing and accessories. These NFTs are sold, traded, and even minted in NFT marketplaces like OpenSea and Rarible. However, in the future, we’ll go beyond trading NFT artworks. We’ll be venturing into new territory by trading digital representations of physical products. For example, a bottle of wine will probably have an NFT counterpart. When we purchase a virtual bottle, the transaction will be stored securely and safely in a block in a blockchain ecosystem. As the holder of the NFT, we can redeem the NFT anytime for the physical bottle. Plus, we can resell or trade the NFT with other users on different marketplaces via the open blockchain. Furthermore, some wine producers are starting to give virtual tours of their facilities, which may sometimes include virtual wine tastings. Another example is NFT and clothing. Last year, virtual sneaker company RTFKT collaborated with FEWOCiOUS to sell sneakers that have NFT counterparts, which sold out in just seven minutes. The campaign generated a total of $3.1 million. As the owner, we’ll have both the physical sneaker and its NFT counterpart, which we can resell. In December, Nike acquired RTFKT in a bid to produce virtual sneakers and strengthen efforts to break into The Metaverse. The Metaverse is like its own country The Metaverse is shaping out to be like its own country with its own reserved currency, individual states, and an entirely separate economy. For example, the United States has the US dollar as its reserve currency. People use this reserve currency to pay their taxes.  The Metaverse also has its sovereign currencies in the form of cryptocurrencies. As it stands, the Metaverse’s reserve currency is ETH because it’s what’s used to pay for transactions in the Ethereum ecosystem, a major backbone of The Metaverse. Ethereum collects fees in the form of ETH for each transaction, much like what’s being done in the real world, to maintain the ecosystem. The revenue or tax collected by the Ethereum ecosystem far exceeds the other blockchains. Then, there are also decentralized autonomous organizations, or DAOs, which are based on smart contracts and come with their own rules. In a DAO, which is basically a user-centric or community-led organization, members are in charge of governing and creating their own set of rules. Voting on these sets of rules usually requires voters to hold the DAO’s token, which is created using smart contracts in the Ethereum ecosystem. If someone wants to amend a rule, it’ll be subjected to voting. If it gets most of the votes, then the proposed amendment will be implemented. Lastly, one of the most promising aspects of The Metaverse is the way that it’s decentralized, making it a free market that gives creators and other users more freedom to create, market, trade their digital assets, and more. The coming of The Metaverse is heralded to reshape the creator economy, an already immense industry that generated . over $104 billion in 2021 In The Metaverse, creators are free to build their own virtual spaces and market experiences. They can collaborate with brands to create and market digital assets that may or may not have physical counterparts. Content creators have the potential to make a huge impact on The Metaverse, where they can collaborate on advertising, showcase their works, hold virtual events, and sell both NFTs and their physical counterparts. The Metaverse is like having a Netflix account The Metaverse is set to redefine how we approach media and entertainment. Think of it as logging in to a Netflix account and accessing hundreds of shows. Just like with Netflix, where we log in with an account, we’ll be using the metaverse equivalent. I believe that will most likely be an Ethereum Name Service (ENS) domain. An ENS takes a complicated crypto address and transforms it into something simpler, just like domain names. With streaming platforms like Netflix, we’re only spectators who are watching shows on the screen. However, with The Metaverse, we’ll be able to dive into an immersive experience via avatars using devices like VR headsets, AR glasses, and even just our smartphones. We can expect that these Metaverse experiences will blend physical and digital elements that let us shop, meet friends, and attend events. We will also have the opportunity to contribute to a story, given that some virtual worlds will be designed as open-ended worlds with no particular end goals. Meanwhile, other experiences will come with goals that, when completed, will give us a chance to earn rewards. The Metaverse is like a world where everyone is an inventor In The Metaverse, practically anything and everything will be possible. It’s a world where everyone can become an inventor, produce their own NFTs, and generate perpetual royalties from their creations as a result of smart contracts. A good example is The Metaverse prototype Roblox, which offers incentives for creators. While currently, only a few people are making money off Roblox as creators, they’re able . Some even managed to earn $100,000 in Robux, the platform’s digital currency. 2020 was a good year for creators on Roblox, who were able to that year. to earn at least $10,000 generate a total of $329 million Another example of this would be NFTs and NFT marketplaces. Marketplaces like Nifty Gateway allow creators to receive a cut from primary sales. These platforms also let creators perpetually monetize their creations through secondary sales, where they can receive a cut of the proceeds every time their NFTs are sold in the secondary market. NFTs are already disrupting a number of industries, including art (think NFT profile photos and generative blockchain art like Art Blocks), music (artists like Snoop Dogg and Sir Mix-A-Lot are releasing their own music NFTs), finance (Uniswap liquidity pooling) and fashion (RTFKT). Other industries being disrupted by NFTs include collectibles, virtual real estate, game items, vehicles, and yes, even insurance policies. The Metaverse is like The Oasis in Ready Player One When we think of The Metaverse and what it could be like, one example comes to mind: . In Ernest Cline’s novel, we have the OASIS, a virtual world that can be accessed using VR gear. In the OASIS, users can interact with others and engage in experiential games. Ready Player One The OASIS is a good example of what The Metaverse could potentially look like. It’ll offer immersive experiences and will always be on, especially if these virtual worlds are built on the blockchain. Unlike centralized servers that can go down and are vulnerable to hacks and data leaks, decentralized platforms offer better security and give users full control. Additionally, like in the OASIS, The Metaverse has no limits, allowing users to do practically anything like teleporting or flying. These virtual worlds will likely combine VR and AR technologies and allow users to have separate online personas via their avatars. If we wanted to, we can create an avatar that looks like us, or we can create a new, separate identity. The wonderful thing about Metaverse avatars is they’re fully customizable. Plus, we can use the same avatar even in different virtual worlds. The Metaverse is like a better version of the internet The Metaverse is already being billed as the next version or the next generation of the internet. Facebook, which recently rebranded to , will be investing heavily in the Metaverse. In 2021, said, “We believe the metaverse will be the successor to the mobile internet, we’ll be able to feel present – like we’re right there with people no matter how far apart we actually are.” Meta Mark Zuckerberg According to a , The Metaverse is the next step in the evolution of the internet, except that it’s more immersive and compelling. And instead of just using screens to access the internet, we can use VR and AR gear to access the virtual worlds within. Credit Suisse report Like the internet, as we know it today, we can access various worlds and conduct many day-to-day activities in The Metaverse. Similar to our online personalities, we can have avatars that will allow us to engage in these virtual worlds, as well as with other players. However, unlike the current iteration of the internet, The Metaverse will offer multi-dimensional experiences. It also banks on interoperability, which will allow users to purchase or create something on one platform and then bring or use it on a different, separate Metaverse platform. As it stands now, the current Metaverse iteration is still powered by Web 2.0. With the coming of Web 3.0, we can expect to see a more fully fleshed-out version of The Metaverse. In Summary We don’t yet know what exactly The Metaverse will be but we can look at the past and get glimpses of it. It’s going to be like Roblox and eBay, where everyone is a creator. There’ll be hundreds of virtual worlds like there are hundreds of shows on Netflix. There’ll be laws, sovereign states, and a reserved currency just like a real country. It might look like the Oasis from Ready Player One. Ultimately, it’s going to be a better version of the internet. Also published here.

7 Concise Statements That Describe the Metaverse

A total of 2 trillion won in market value was lost. A large fire in South Korea has caused widespread network outages. A fire broke out in the SK C&C Banqiao Data Center, Sanpingdong, Bantang District, South City, Gyeonggi do, South Korea, on October 15, at 3:19 p.m. local time.  The fire started near the lithium battery rack in the electric room on the third floor of the data center's basement Building A, according to South Korean police. The power supply was housed in five battery racks. One of the lithium batteries exploded during the accident, causing a fire. The automatic fire suppression system then activated and sprayed gas. Following the fire, the data center's power supply was turned off, and the lithium-ion uninterruptible power supply (UPS) was turned on for about 30 minutes. However, the UPS room began to catch fire. To control the fire, the fire department abandoned the use of high-pressure gas and prepared to use water guns instead. The fire department requires SK C&C, the data center operator, to turn off all power supplies to avoid a short circuit. Eight hours later, the fire was put out at about 11:46 p.m. on the 15th. Although the accident did not cause casualties, it was reported that all batteries were burned in the fire. The Korean police said: We will consider the possibility of fire caused by battery and rack problems or surrounding wire problems, so as to know the exact process of fire. The effects of the fire go far beyond that. As this data center is jointly built by SK and IBM, it mainly manages the data of SK Telecom, Kakao, Naver, and other core platform operators. Therefore, after the fire, Internet services in South Korea were paralyzed in a large area. Internet service breakdown Although the data center restored 90% of the server power supply at 9:00 am the next day, the Korean Internet still suffered huge losses in the majority of the day of power failure. Kakao is the first to bear the brunt. This software is the most widely used mobile communication tool in South Korea, covering instant messaging, mobile payment, online transactions, online maps and taxi taking, and even digital certificates used by citizens when paying taxes, as well as digital vaccine certificates during the COVID-19 epidemic. According to technical commentator Jin Shanxian, this application played a "quasi-government" role during the COVID-19 epidemic. The software has 430-47 million active users in South Korea (the national population of South Korea is about 51 million), and its influence is basically equal to the combination of WeChat and Alipay in China. In the data center where the fire broke out, there were not only 32000 servers of Kakao, but also the main data center of Kakao. At about 3:30 p.m. on the 15th, when Kakao Talk sent or received messages, the "Loading" indication began to appear next to the messages, and the message sending failed. Kakao Talk on the PC can't log in directly. In addition, taxi taking, e-commerce, and other services are also affected by the paralysis of payment functions. At 1:31 in the morning 10 hours after the incident, Kakao recovered some of its functions. It was not until the afternoon of the 16th that message sending and receiving returned to normal. However, a considerable number of servers were still being repaired. This incident has also become the longest failure of Kakao Talk since it was launched 12 years ago. According to analysts, Kakao's revenue in the fourth quarter will suffer a loss of 22 billion won due to the fire. Kakao's share price fell by more than 9% on Monday, and its market value evaporated by 2 trillion won (about 10.1 billion yuan). The shares of subsidiaries KakaoPay and KakaoBank also plunged by more than 8% in early trading. Comprehensive Korean media reported that Kakao's telecommunications services, affected by the fire in SK C&C Banqiao Data Center, were expected to return to normal on the 19th. In addition, the Korean government took this Kakao service paralysis accident as an opportunity to set up a cross-government network security working group in the National Security Room and held a network security inspection meeting under the auspices of Kim Seng Han, the head of the National Security Room. According to Yonhap News Agency, the Kakao server was basically repaired. SK C&C said on the 19th that at about 5:00 a.m. on the same day, the power supply of the data center was fully restored. As a result, Kakao's services are expected to return to normal on the same day. As of 8:00 a.m. on the 19th local time, about 31000 of the 32000 servers had been repaired. As the power supply system and servers of the data center resume normal operation, most of Kakao's telecommunications services have also been restored. According to KBS TV, the vice spokesman of the presidential office released the results of the chief secretary meeting on the establishment of the network security working group at the Longshan presidential office press conference on the 17th. The meeting was chaired by President Yin Xiyue. The deputy spokesman said that senior officials from the Ministry of National Defense, the National Intelligence Agency, the General Prosecutor's Office, the Police Department, and the Military Security Support Command would participate in the network security working group. A person in the President's Office said that the Kakao service paralysis accident not only caused inconvenience to people's lives but also affected national security. Therefore, at the meeting of chief secretaries chaired by Yin Xiyue, it was decided to establish a working group responsible for security inspection. Kakao is not only the national basic communication network but also the paralysis of the private additional communication network will have a serious impact on society. Therefore, relevant departments discussed relevant issues from the national security level. Earlier, Yin Xiyue pointed out that although the Kakao network is operated by private enterprises, it is no different from the national basic communication network and will improve the relevant system. . Source

South Korea: "Internet Crash" Caused by a Lithium Battery Fire

The Ultimate AHREFs Guide: Keyword Research and Beating Your Competition

The current rush to create and test CBDCs has become a trending phenomenon with increasing momentum throughout the globe. Some countries like China have internally developed their entire distributed ledger platforms, while others have relied on startups and niche businesses to pilot test their CBDCs. Samsung’s status as a dominant player in multiple industries within Korea lends itself well to digital won implementation, especially considering the two-tier implementation structure that the Bank of Korea (BOK) seeks to implement. In America, Samsung is predominately thought of as simply a consumer electronics brand, with its mobile devices, appliances, and accessories being the most recognizable consumer-facing products. However, in Korea, Samsung’s dominance in multiple industry verticals has allowed it to single-handedly comprise nearly of Korea’s total GDP. Therefore, while Samsung is certainly one of the world’s leading electronics manufacturers, its status as a premier market force in industries like textiles, insurance, shipbuilding, and real estate make it an extremely powerful organization within Korea and beyond for CBDC implementation. With this in mind, Samsung is one of the best-positioned companies to help the Korean central bank effectively implement the digital won. 20% Developing the digital won In , the Bank of Korea released a request for bids to become the technology provider for CBDC trials, sharing several key details for the testing of a future digital won. Utilizing a two-tier distribution structure to issue currencies to financial institutions for further dissemination to the public, the BOK also distinguished between two phases in its CBDC proposal. In this document, the BOK highlighted the first phase of testing basic use-cases like smartphone apps and bank deposit exchanges. A second phase would follow the successful completion of the first phase, with this second phase testing more technical details like cross-border remittance and regulatory compliance. May 2021 In early , the Bank of Korea confirmed that it had narrowed its potential providers to Naver’s Line Plus, , and conglomerate SK Corporation, with the eventual selection of Ground X as the primary tester for CBDC blockchain simulations in late . While Samsung was not part of the initial bidding process for piloting the digital won, Samsung was able to secure a spot in testing the digital won by usage through its Galaxy smartphones. July 2021 Kakao-subsidiary Ground X July 2021 Samsung’s multiple industries in CBDC implementation Some detractors might point to Samsung’s status as a regional monopoly as a reason to not utilize it for CBDC testing or implementation at any level. However, it is in Samsung’s best interests to help the BOK in its implementation of a digital won. Recent public-private partnerships to develop CBDCs are increasingly commonplace, as evidenced by Bitt's for the Eastern Caribbean Central Bank and Ripple's with Bhutan. Dcash solution CBDC pilot Samsung is in a unique position to leverage the digital won for development as a public social good and to help streamline business processes. After all, Samsung could easily become a significant distributor of the Korean CBDC in addition to being one of the largest customers of the digital won through its various businesses and subsidiaries. Keeping this in mind, three specific subsidiaries that could help effectively implement the digital won are Samsung SDS, 5G, and Samsung’s Internet-of-Things (IoT) ecosystems. Samsung SDS, formerly Samsung Data Systems, is a major provider of information technology (IT) services and research within Korea and beyond. In this respect, this subsidiary of Samsung can help the BOK for critical blockchain use-cases for the digital won. In , Samsung unveiled zero-knowledge proofs to enhance security for its internally-developed Nexledger platform, with Nexledger being used by an 18-bank blockchain consortium in Korea. In Samsung SDS developed a blockchain solution for pharmaceuticals for supply chain traceability. Samsung SDS could utilize Nexledger to provide smart contract solutions for businesses and consumers utilizing the digital won, enabling seamless payment systems along the blockchain. Samsung SDS’ noted leadership within the blockchain space make it a perfect solution to help the BOK in digital won implementation. November 2019 September 2020, Samsung’s emphasis on 5G development is another supporting factor for effective growth of potential digital won usage. The paralleled growth of 5G and blockchain as separate systems has created immediate use-cases that must have improved data security, mobility, and secured automation. For example, Samsung has recently played an integral role in establishing advanced and emergency infrastructure communications services. Integrating a secure payments system with digital won integration to resolve transactions between businesses, consumers, and emergency first responders could ensure the immediate distribution of funds in any type of emergency scenario. Therefore, Samsung’s 5G backbone could provide a communications mechanism in conjunction with digital won implementation within Korea and beyond. Korean American Samsung’s IoT solutions also have significant implications for digital won implementation. In terms of smart devices, Samsung has been a clear leader within the blockchain space. In , Samsung introduced a KlatynPhone version in the form of its Note10 and Note10+ devices, the blockchain platform that Ground X is using for BOK digital won trials. Additionally, in , Samsung announced a partnership with the Stellar Lumens Foundation, introducing the XLM blockchain within the Samsung Blockchain Keystore. even saw the integration of Ledger hardware devices within the Samsung Galaxy Blockchain Wallet, demonstrating Samsung's constant development of IoT devices catered to blockchain and CBDC usage. November 2019 July 2020 May 2021 Samsung's IoT solutions also extend to critical business-to-business (B2B) applications, to include digital signatures and automation solutions, in addition to Samsung’s consumer-facing SmartThings platform. However, on the B2B side, Samsung could integrate its IoT devices effectively with the digital won, utilizing digital signatures from its Galaxy smartphones to facilitate transactions utilizing the digital won. Further implementation of the digital won might come in the form of smart contracts, with the digital won funds being released within a supply chain scenario after specific manufacturing requirements are met. Conclusion The Bank of Korea is currently testing digital won pilots, with its eyes on CBDC implementation within the immediate time horizon. While cooperation with large industry leaders like Naver and Kakao can help implement the digital won in the short and long-term, Samsung is better positioned as an enterprise to help solve many of problems that may arise from digital won usage. From blockchain-based solutions, to 5G implementation speeds, to IoT devices for B2B use-cases, Samsung can help spur CBDC growth and adoption within Korea and throughout the world.

Stories, News & Mentions about NAVER

Naver’s Stories on HackerNoon

Naver's News & Mentions