Top 25 Korean Blockchain Startups You Need to Know – Best of 2020

With all the uncertainty regarding Blockchain regulations in South Korea, you would think their Blockchain ecosystem would be dying down. However, that is far from the case. Blockchain adoption is consistently growing in Korea. Furthermore, industries involved in finance, logistics, health, social media, and IP rights are incorporating these new innovative Blockchain technologies. Recently the South Korean Financial Service Commission (FSC) launched the first financial regulatory sandbox where Korean Blockchain startups can work on innovative services using Blockchain technologies without regulatory oversight during the trial period of up to four years. Since 2018, Korea has held Korea Blockchain Week to bring in leaders in Blockchain from all across the world.

The South Korean government has committed to investing over $20 million dollars for upcoming Blockchain projects in 2020. In 2018 and 2019, there have been big blockchain projects set up by some of the top conglomerates in South Korea. Kakao debuted a Blockchain platform called Klaytn, Line Corporation (Subsidiary of Naver) introduced its own cryptocurrency (Link Token), and Samsung revealed their cryptocurrency wallet for their Galaxy S10. In addition, Korean Blockchain startups are also continuing to drive Blockchain adoption in Korea.

The rankings were comprised by the Seoulz staff and are based on 4 factors:

  • Funding
  • Market Opportunity
  • The innovation of service or product
  • Growth Potential/Scalability

Here are the top 25 Blockchain startups in Korea you need to know for 2020

1.  Terra

Korean Blockchain Startup TerraKorean Blockchain startup Terra aims to create a stable coin that can be used on Terra’s blockchain payment solution. Therefore their focus is to create the next generation modern financial system on the Blockchain. Their focus in 2019 will be to target e-Commerce platforms through the Terra Alliance which is a group of global e-Commerce partners (TMON, Woowa Brothers, Baedal Minjok, and etc) to help drive mass adoption and the use of Blockchain payment systems. In addition, they have already created their own Blockchain-based simple payment service called Terra Pay. Furthermore, the potential Terra could go beyond e-Commerce and into all types of financial products like loans and insurance.

Terra has been aggressive in its partnerships to bring in eCommerce companies to join its Terra Alliance ecosystem. Sinsang Market is a business to business fashion platform that will work with Terra to create a payment system that uses the Korean mobile payment service CHAI. Terra’s platform offers better order settlements, payments, and deliveries through CHAI.

Terra was able to close a $32 million funding round led by major cryptocurrency exchanges like OKEx, Huobi Capital, and Binance Labs

“I connected with other entrepreneurs who started large e-commerce platforms in Asia, and they all bought into Terra’s vision and value proposition. These platforms will serve as a gateway to get mainstream consumers to immediately start using Terra to buy everyday goods and services,” said Co-Founder of Terra, Daniel Shin.

2. ICON Foundation (ICONLOOP)

Korean Blockchain Startup IconKorean Blockchain startup ICON is the largest blockchain network in Korea. They provide a Blockchain sharing ledger for industries such as hospitals, banks, securities, Universities, and insurance companies. In addition, ICON has its own cryptocurrency token called ICX and is looking to do an IPO sometime in 2020. They will need to first pass a technology evaluation process and preliminary review before they can do an IPO.

It has done projects with Seoul Metropolitan Government, National Election Commission, and Kyobo Life Insurance among others. ICONLOOP is the developer of Loopchain, a technology to connect different blockchains separately developed by individual companies. It is a subsidiary of DAYLI Financial Group, one of the largest Fintech companies in Asia. ICONLOOP’s focus in 2019 will be on IRC16. The IRC16 is a newly added token standard based on ICON’s public blockchain network. In addition, they will focus on ICON’s Decentralized Exchange (DEX) for p2p exchange between ICX and IRC2.

ICONLOOP received a series A investment of $8 million. Currently, they have 27 companies within their my-ID alliance. These companies include banks, e-commerce companies, manufacturing companies, and security firms.

It is the only cryptocurrency to make the top 50 list among the cryptocurrencies developed by Korean companies. Furthermore, they have strong networks within the Korean government and Korean enterprises.

“ICONLOOP has been solidifying its presence in the Korean Blockchain industry as a technology partner of the Seoul Metropolitan Government, Korea National Election Commission, Korea Financial Investment Association, and Kyobo Life Insurance,” said CEO of ICONLOOP, Jonghyup Kim.

Korean Blockchain Startup ICONLOOP to Provide Blockchain-based Art Certificates

ICONLOOP has partnered with Yeolmae Company to provide Blockchain-based certificate issuance service for Yeolmae Company’s ARTnGUIDE platform. The “broof” service of ICONLOOP will record the ownership of the artwork and image in a way that prevents the falsification of the record. Furthermore, the certificate will have a timestamp that displays the image and stamp signature. The records will be public and will have information regarding ownership status and a detailed change of ownership history. The broof issued Blockchain-based digital certificates at the Pohang University of Science and Technology (POSTECH) graduation.

In addition, ICONLOOP has partnered with a job placement platform in South Korea called Saramin to build a Blockchain-based digital ID and authentication ecosystem called MyID.

3.  Blocko

Korean Blockchain Startup BlockoKorean Blockchain startup Blocko that focuses on providing a Blockchain system for transaction validation, user authentication, wallet management, and micropayment solutions. Blocko has been working with Bank of Korea to help them use blockchain technology for their financial transactions among consumers.

Blocko builds and supports its hybrid Blockchain AERGO Enterprise which allows companies to build applications and services by sharing data on a trustless and serverless IT ecosystem. AERGO Enterprise offers a greater level of security, scalability, and performance. In addition, Blocko has built over 20-full scale Blockchain implementations on private and public Blockchain ledgers. For 2019 they will focus on implementing a Blockchain solution for land registry in South Korea. They have already been working in conjunction with several national institutions such as Korea’s stock exchange, the Bank of Korea, Hyundai, and the Korea Electronics and Telecommunications Research Institute.

Blocko has raised over $20 million so far. Some of their investors include KEB Hana Bank, LB Investment, and Dadam Investment to name a few.

“Blocko is one of the few Blockchain companies globally that is actually supplying its platform to a slew of corporate clients. Overseas clients seem to be paying keen attention to our platform that has already been tested enough for immediate adoption,” said CEO of Blocko, Kim Won-beom.

4.  Medibloc

Korean Blockchain Startup MediblocKorean Blockchain startup Medibloc that uses Blockchain technology for the healthcare data system. It is very difficult for healthcare providers to get the complete data of a patient. Therefore this complete data is important for getting an accurate diagnosis for the most effective treatment. Furthermore, MediBloc provides a data integration system that gathers patients’ medical information through real-time updates. In addition, the patients are in control of their medical records. The records are kept confidential according to HIPPA regulations. Therefore, the patients are the ones who can grant access to their personal medical data.

MediBloc also offers a secure and transparent data storage system. Therefore, all new entries come with a location and time stamp. The MediBloc system their own token called MEDX which will serve as the primary medium of exchange between all users on MediBloc. In addition, MediBloc has strategic partnerships with many institutions in both the healthcare and financial industries.

Severance Hospital & MediBloc to Build a Blockchain-based Medical Information Platform

Severance Hospital is one of the largest university hospitals in Korea. They will work with MediBloc to build a medical information platform. In addition, they will build an insurance claims billing platform and a medical data forgery detection system to facilitate the sharing of medical information between individuals.

“We will continue our comprehensive consultation for building a platform with Severance Hospital, which is recognized for its excellent medical team and service,” said Co-CEO of MediBloc, Allen Kho.

In 2018, MediBloc raised over $10 million through an ICO and will look to get institutional investments in 2019.

5. Kasa Korea

Kasa Korea Real EstateKasa Korea is a Korean Blockchain real estate platform. The aim is to have digital certificates backing a particular property. Investors will be able to sell digital property certificates through Kasa Korea’s Blockchain platform. However, the actual property certificates will be held by Kasa Korea. Furthermore, Kasa Korea has a consortium that includes financial institutions such as Hana Bank, KB Bank, Korea Real Estate Management Company (KORAMCO), Korea Association Information & Technology (KAIT), and Korea Real Estate Management and Trust (KOREIT). All these institutions will use the Blockchain platform to sell and manage data related to real estate management and trust business. The Blockchain platform offers security in issuing, trading, and managing real estate trust certificates. In addition, they have already raised over $9 million in funding from VCs such as Kakao Ventures, Kakao Investment, Bon Angels, and Mashup Angels just to name a few.

“Kasa will collaborate with strategic investors to become Asia’s leading proptech startup. We will do our best to launch the service so that anyone can easily and safely indirectly invest in commercial real estate through the Kasa platform,” said CEO of Kasa Korea, Ye Chang-wan.

Kasa Korea to Tokenize Real Estate

Kasa Korea has partnered with SK Securities, a Korean financial services provider, to tokenize real estate. They will work together to develop the “Digital Real Estate Beneficiary Distribution Platform” service. Blockchain technology will allow for a secure way to invest in real estate securities not only in Korea but all around the world.

Kasa Korea to Launch a Blockchain-based Funding Platform

Kasa Korea has partnered with Sparkplus, an office-sharing company, to launch a Blockchain-based funding platform that will allow for people to indirectly and collectively fund real estate. Furthermore, Sparkplus will open coworking centers in buildings that are on the Kasa Korea platform. Sparkplus already has 12 coworking locations all across Seoul.

6.  Haechi Labs – Henesis

Korean Blockchain startup Haechi LabsKorean Blockchain startup Haechi Labs is an expert for smart contract audits. There they are more of a Blockchain security company that does security audits on Blockchain companies. They have done audits for Ground X’s Klaytn and have worked with them on their launch of their mainnet. Their focus for 2019 will be on their Blockchain SaaS solution called Henesis. Henesis removes technological barriers for companies looking for Blockchain adoption. Therefore, the solution will reduce the time and cost involved with Blockchain development. In addition, companies will be able to easily collect, process and deliver their Blockchain data in real-time. Their aim is to be an all-in-one platform for Blockchain integration.

HAECHI LABS partners with SK Telecom

The two companies will work together to implement a point of concept (POC) aimed at commercializing Blockchain technology. They will develop a Blockchain-based smart contract system.

“It’s essential to make various attempts in many fields to make Blockchain a valuable technology. It’s very significant that SK Telecom and Haechi Labs agreed to cooperate to commercialize Blockchain technology,” said CEO of HAECHI LABS, Kim Jong-ho.

7. Bloom Technology (Locus Chain)

Locus Chain FoundationKorean Blockchain startup Bloom Technology aims to speed up transactions on the Blockchain. They are a company that researches and develops Blockchain technology. Their new technology is called Locus Chain technology. It can reduce Blockchain transaction processing time to less than a second. Furthermore, the startup recently did a public test with over 600 nodes to showcase the Locus Chain technology. A single blockchain transaction took less than 0.23 seconds.

“Locus Chain Technology has proved its capability to transact within fractions of a second and thus has reduced the processing time of Blockchain transactions,” said CEO of Bloom Technology, Lee Sang Yoon.

Digital Asset Exchange Platform Launched in Dubai

Locus DAX, a digital asset exchange platform launched in Dubai in early 2019. Therefore, users will be able to buy, sell, and trade digital currencies on the platform. In addition, they will also be able to buy digital currency using fiat currencies such as USD and AED. Locus Chain is being aggressive in getting agreements with organizations and governments from different parts of the world. They were also able to enter the Indian market to apply Blockchain technology to the travel and tourism platform called Let’s Fly Free.

Locus Chain Foundation now has offices in South Korea, Singapore, Japan, Mauritius, and UAE. Their aim is to become the Blockchain solution for international business and global citizens.

8.  Cosmochain (FitsMe)

Korean Blockchain Startup CosmochainKorean Beauty blockchain startup Cosmochain is the creator of a Blockchain-based app service called FitsMe. FitsMe is a personalized beauty recommendation service that uses past purchase data and preference data to recommend the best cosmetic products. The Dapp was created to help customers that have difficulties in deciding which cosmetic products to purchase amidst the overflowing information, and to offer content to guide them through their purchasing decisions. They already have attracted over 150,000 users from their beta service. Furthermore, they got $2.5 million in investments from a U.S. hedge fund. Furthermore, Samsung Electronics also selected Cosmochain as an initial DApp partner for its Galaxy S10  smartphone. In addition, the Galaxy Keystore, the cryptocurrency wallet for the Galaxy S10, supports CosmoCoin (COSM), the cryptocurrency used in FitsMe.

9. Carry Protocol

Carry BlockchainKorean Blockchains startup Carry Protocol is focused on building a sustainable purchase data platform on the Blockchain. Consumers will be rewarded with CRE tokens when they share their purchase data or view ads. Therefore, the consumer has full control over their data and its monetization. Consumers can use the tokens as currency to pay merchants within the Carry ecosystem. Consumers receive CRE tokens from 3rd party advertisers, as payment for accessing the consumer’s transaction data Blockchains. Merchants can use CRE tokens to create branded tokens or smart contracts.

“There are few Korean projects currently listed on Binance, and we are the first Korean project to participate in the Binance Community Coin Vote campaign. We are excited to participate and hopefully, there will be more opportunities to reach out globally,” said Co-CEO at Carryp Protocol, Richard Choi.

10. Kodebox (CodeChain)

Korean Blockchain Startup CodechainKorean Blockchain startup CodeChain is a Blockchain network with a built-in issuance and exchange protocols. They are under Kodebox which is a Blockchain startup focused on the gaming industry. They are building technologies in the form of Blockchain as a Service (BAAS). These are solutions that allow clients to adopt Blockchain solutions into their products. In addition, Kodebox is focusing on launching Korea’s first mobile game built on the Ethereum Blockchain. Therefore CodeChain is a crucial part of Kodebox.

Digital assets issued on CodeChain can be programmed and customized in order to comply with the regulations of a particular country.  In addition, their mobile wallet offers a simple verification process, easy to use interface and fast/secure transactions.

CodeChain is the only project that is funded by two of the biggest exchange operators in Korea (Bithumb and Upbit).

11.  Scanetchain (InXight)

Korean Blockchain startup scanetchainKorean Blockchain startup Scanetchain develops a decentralized open platform where users can freely define and sell their contents and products for royalty and disclosure fees. Their aim is to bring together products, advertisements, and content to form an interlinked ecosystem of multiple platforms.

The recently launched its new InXight DApp Inxight, its new AR Blockchain platform. Inxight is an open-source platform that combines advertisements, search engines, and e-Commerce platforms. Furthermore, they use AR technology to identify products both online and offline by assigning a scannable market for each product or image.  Furthermore, Inxight uses its SWC token for payments or discounts.

Their “beta” version of their marker scanning reward system will be available in the next software update. Inxight aims to change the way people search for things. Scanetchain has been aggressive in entering into a number of strategic partnerships to grow the ecosystem and bring greater value to their users.

12. TEMCO

TEMCOKorean Blockchain startup TEMCO, utilizes bitcoin smart contracts and Blockchain technology to disrupt the supply chain management system. They will use smart contracts and public ledgers to build the next generation of supply chain management systems.

TEMCO made news by becoming the first Blockchain company to get an investment from Korea Investment Partners, one of the largest VC firms in Korea.

“TEMCO is the supply chain management solution for small and medium-sized businesses because it provides them with a comprehensive, Blockchain-based infrastructure without the incredible monetary and personnel costs required to build something like this from the group up,” said CEO of TEMCO, Scott Yoon.

13. Aergo

Korean BlockchainKorean Blockchain startup Aergo offers an easier way to adopt Blockchain Technology by building on existing IT and cloud assets. It is marketed as the Blockchain for Business. The Aergo platform securely extends business processes and applications while at the same time allowing for the creation of new services. A business will be able to do this while also reducing operating costs. Therefore they will be able to build new trusted business networks. Aergo minimizes costs, delays, and reliance on working with 3rd parties in business transactions. Furthermore, it aims to eliminate manual, error-prone processes and information redundancy. Aergo has an easy-to-use development and deployment framework that allows developers from all levels of programming languages to build solutions with minimal effort and complexity.

14.  Coinduck

Korean Blockchain Startup CoinduckKorean Blockchain startup Coinduck is a cryptocurrency payment service that allows users to pay in Ethereum at offline stores. They are a subsidiary of Chain Partners. They were also incubated by Samsung Electronic’s Creative Lab (C-Lab). Therefore you can download their payment system through the Samsung Blockchain wallet app on the Galaxy S10. Users simply enter the payment amount by scanning a QR code that will be placed at the store. Furthermore, their partnership with Samsung will help them expand to a wider market.

S10 users simply need to scan a QR code to pay for their purchases at over 1,000 offline stores, marts, and restaurants. Owners of restaurants or shops get text messages letting them know the transaction has been completed.

“Crypto payments will address the problems that block global customers from purchasing at Korean online stores, and help contribute to increasing the spending of foreign tourists,” said CEO of Coinduck, Shin Min-sub.

15.  ARTBLOC

Korean Blockchain startup ARTBLOC has created a marketplace platform where you can purchase and sell fractionalized ownership interests in investment-grade private artworks. Now people will be able to invest in a diverse portfolio of art pieces.  Their aim is to make art investing easier for the next generation of buyers. They are making art ownership factional which means a piece of art will be put into sections. Therefore, this way it will make works of art more affordable to the common consumer. In addition, all ownership and trading will be stored on a distributed public ledger.

Their first test was with David Hockney’s work (Pictured Gathering with Mirror). This was the first introduction of fractionalized ownership to the general public. Furthermore, of all the buyers, 71% of them were in their 20s/30s.  Therefore this further shows the potential of the next generation of art buyers in the digital space. There is a lot of potential for this project to disrupt the art world. In addition, they open up new markets for artists to showcase their talent and creativity.

“ARTBLOC will seel high-end art to the public. We can sell fractional ownership to normal people,” said CEO of ARTBLOC, Jun Kim.

16.  GAPS

Korean Blockchain Startup GAPSGAPS Platform gathers information from debates conducted by community users.  The data collected is used to predict certain answers. Topics can range from sports to even the weather. Users can ask questions on the platform and get rewarded. Furthermore, those that answer the questions in a logical manner will also get rewarded. Furthermore, GAPS uses AI technology to gather the data collected from discussion forums in order to best predict the future. In order to gather as many coins as possible, users will need to best predict the answers.

The platform has great potential to succeed because they focus on community and discussion which leads to content creation. This is something many projects lack. The discussion platform can be a great tool for companies to better understand their product, service, as well as their customers. Their AI technology can also go a long way in predicting future market trends in many different industries.

17.  Zikto (Insureum)

Korean Blockchain Startup InsureumKorean Blockchain startup Zikto is the company behind the Insureum Protocol. The Insureum Protocol uses Blockchain technology to provide insurance companies with the data to create better policies. Zikto started out as a smart wearables company that did a great job of collecting data. In 2017 they partnered with KB Bank to launch “The Challenge” program that offered KB Kookmin cardholders rewards for their fitness data (walk count).  The program ended in mid-2018 and was a huge success. Zikto looks to create a decentralized ecosystem that connects insurers, their policyholders, and third parties through the Insureum protocol.

“We aim to create a brand-new insurance ecosystem where insurers develop more customized products and developers and consumers share the profits. With the Insureum Protocol, the insurers can be more agile and digital-based, and developers can find easier ways to monetize their service, consumers will enjoy the better insurance products tailored to their lifestyle,” said a Zikto official.

18.  FANTOM Foundation

Korean Blockchain startup Fantom FoundationKorean Blockchain startup FANTOM Foundation is a non-profit organization that is building an infrastructure for decentralized global finance. They do not use Blockchain but rather an approach called a directed acyclic graph (DAG). They have a DAG-based distributed ledger technology (DLT) that incorporates new methods for scalability with a high-performance virtual machine for a more secure smart contract execution. The network’s aim is to build an infrastructure to power smart cities, IOTs, and offer faster payment solutions. Furthermore, it could be a secure and efficient platform for public utilities, medical records, healthcare services, identity storage and more.

“At Fantom, we focused on addressing the most pressing issues facing the industry by presenting a new implementation of Directed Acyclic Graph (DAG)-based consensus, and the marked improvement in terms of both scalability and versatility of existing DAGs enable Fantom to build an ecosystem that could be deployed at scale in the real world,” said CEO of Fantom Foundation, Dr. Ahn Byung-ik.

19.  Futurepia (SigmaChain)

Korean Blockchain Startup FuturepiaKorean Blockchain startup Futurepia is an open-source public Blockchain platform that was developed to help enterprises, businesses, and startups to move to Blockchain.  It is built on a 3G+ consensus algorithm called DDPoS (Dual Delegated Proof of Stake). DDoS solves the security, scalability, and usability issues of existing solutions. Futurepia not only has a mainnet core engine APIs but also other modules like live-streaming, smart wallet, communication network, and P2P Cloud API. In addition, it has won the “Most Innovative Blockchain Award” at the Blockchain Leadership Summit in Switzerland in 2018. Futurepia is part of SigmaChain, a global leader in advisory, research, and development of customized Blockchain technology.

The Futurepia team has also launched a social media reward sharing DApp called SNAC which has a DAU of 10,000+, in over 40 countries and is available to download for Android & iOS, as well as their web version.  Furthermore, Futurepia offers various user-friendly developer solutions thanks to its PASTA protocol. Therefore, their aim is to bring Blockchain technology to everyday life.

“All the Korean platforms so far have failed to achieve global success. There are a lot of barriers for Korean companies to become global players, but I think Blockchain helps us overcome those barriers,” said CEO of SigmaChain, Kwak Jin Young.

20.  Planetarium

Korean Blockchain Startup PlanetariumKorean Blockchain game startup Planetarium is the creators of a new decentralized role-playing game called Nine Chronicles which will be launched at the end of 2019. The game will store its storyboard and data all on its own Blockchain. Furthermore, Planetarium created an open-source authoring tool platform called Lipplanet, so developers can make Blockchain for games. The first game developed on Libplanet was Nine Chronicles. Libplanet allows for games to be made and run on an independent ecosystem. Therefore, decentralized games built upon their open-source platform could lead to a new era for secondary creations.

Planetarium was the first company in Asia to be selected for the Ubisoft Entrepreneurs Lab, a global startup program fostered by Ubisoft, one of the world’s leading gaming companies.

“We are excited to confirm that global game leaders like Ubisoft are investigating decentralization technology as the future of gaming,” said CEO of Planetarium, Kijun Seo.

21.  HUPAYX

Korean crypto payment startup HupayxKorean Blockchain startup HUPAYX is a crypto payment platform for local merchants. HUPAYX is actively forming partnerships so they can provide crypto payment solutions for over 400,000 stores in Seoul. Therefore, they plan to install the HUPAY (POS) terminals where users of the HUPAY app can make transactions via the HUPAY wallet or by scanning barcodes and NFC connectivity. Furthermore, their initial targets will be Duty-free shops and tourist shopping districts like Dongdaemun. Furthermore, the platform has two basic features. One is their service payment feature and the other is a peer-to-peer transfer of crypto assets between users.

22.  WeHome

Korean Blockchain startup WeHomeKorean home-sharing Blockchain startup WeHome is looking to disrupt Airbnb in Korea buy giving the power back to the guests and hosts. WeHome takes 0% in commissions. Therefore guests and hosts are the true owners of WeHome. The WeHome team has over 8 years of domain expertise in the home-sharing industry. Their MVP is running now and you can find it here. Guests can book a property on WeHome through by using their token called HOM token. They also take BTC and ETH. The HOM Token is listed on CPDAX.com. It is operated by Coinplug who is one of WeHome’s strategic partners.

23.  Payexpress

Korean Blockchain startup PayexpressKorean Blockchain startup Payexpress is a decentralized payment/credit solution. Payexpress guarantees fast settling cycles based on Blockchain technology for small businesses. Once users sign up on Payexpress, an integrated electronic wallet is automatically opened. Therefore users can charge their wallets with a variety of means through an internal digital asset exchange center. In addition, they have an integrated digital wallet solution as well as a Blockchain-based credit & crypto card. Therefore, the more often users use the Payexpress payment module the more mileage they will receive.

Partnership with Korea Commerce Solutions Group

Payexpress has will expand its Blockchain-based payment and mileage service to automated package kiosks and franchise payment systems. They will work with Korea Commerce Solutions Group to enter the Vietnamese market through convenience stores and distribution markets.

“We’re able to spread Blockchain-based payment and mileage systems much faster by partnering with Korea Commerce Solutions Group having over 10,000 clients including the POS system in stores. We will create synergy to make it a globally renowned IT solution,” said CEO of Payexpress, Jaehyang Kim.

24.  Storichain

Korean Blockchain Startup StorichainKorean Blockchain startup Storichain provides narrative content by verified content creators and influencers. Content creators can collaborate with other creators to produce content on Storichain. In addition, Storichain keeps track of who contributed to the platform and how the ownership was transferred. Therefore Storichain is also a digital story asset management system. The platform makes writing fast and simple and can be translated, sold, or even protected by copyright for global expansion. In addition, the platform offers the growth graph that indicates the value of story intellectual property assets for each party(storytellers, crypto investors, readers). If a story IP changes into a movie, stakers of early stories will be able to exit.

25.  Directional

Korean Blockchain Startup DirectionalKorean Blockchain startup Directional is a stock lending platform based on Blockchain technology. They offer stock lending and borrowing services for individual investors. In addition, they were selected to be a part of South Korea’s FSC’s regulatory sandbox program. It is a peer-to-peer stock lending platform for individual investors who will be joining Klaytn in 2019. Furthermore, the main benefit of Directional will be that they will give investors rewards in the form of interest yields.

HONORABLE MENTION

Ziktalk

Korean Blockchain Startup ZiktalkKorean startup Ziktalk is a language sharing platform that has created ZIK coins for their users.  Now users of Ziktalk can make payments to tutors. Currently, Ziktalk has over 1,800 tutors and over 100,000 students in over 25 countries. Furthermore, they received an investment from global cryptocurrency exchange BW.com. Ziktalk matches people who want to teach and learn foreign languages. The majority of their users are from Korea.

Mavlux

Korean Blockchain Startup MavluxKorean Blockchain startup Mavlux provides a content delivery network (CDN) service that uses P2P Video and Blockchain technologies. Furthermore, Mavlux can provide P2P operations without any plug-in installations. In addition, the CDN market size in Korea alone is $170 Million.