Bithumb Signs Blockchain Technology Transfer Agreement with Sogang University

Sharing Strategies and Know-How for Blockchain Commercialization and Ecosystem

South Korean cryptocurrency exchange Bithumb announced on the 2nd that it has signed a blockchain technology transfer business agreement with Sogang University Industry-Academic Cooperation Foundation. From left: Ahn Yong-woon, Bithumb Chief Technology Officer (CTO); Park Soo-yong, Director of Sogang University Intelligent Blockchain Research Center; Yoon Seok-bin, Professor at Sogang University (Photo by Bithumb)

[Asia Economy Reporter Gong Byung-sun] Domestic cryptocurrency exchange Bithumb announced on the 2nd that it has signed a blockchain technology transfer business agreement with Sogang University Industry-Academic Cooperation Foundation. The agreement will be maintained for about one year from this month until July next year, and renewal will be discussed later.

This business agreement was made to establish a cooperative system for the development of the blockchain ecosystem. Through the technology transfer agreement, both organizations will share blockchain-based business strategy know-how and service consulting, and participate in research on higher-level convergence technology architecture.

The joint strategic development of the blockchain ecosystem will be led by the Intelligent Blockchain Research Center under the Sogang University Industry-Academic Cooperation Foundation. Additionally, joint marketing will be conducted to facilitate smooth technology cooperation.

At the business agreement ceremony, Bithumb CTO (Chief Technology Officer) Ahn Yong-woon, Director of Sogang University Blockchain Research Center Park Soo-yong, and Professor Yoon Seok-bin of Sogang University attended.

CTO Ahn said, “We will do our best to foster the related ecosystem and nurture talent together with Sogang University’s Intelligent Blockchain Research Center, which leads blockchain industry technology research.”

Furthermore, Director Park stated, “Combining Bithumb’s cryptocurrency business know-how with the Blockchain Research Center’s technological capabilities will create a powerful synergy effect,” and added, “We will continue to make steady efforts to expand the domestic blockchain ecosystem base.”