[Asia Economy Reporter Park Hyungsoo] Dream Security announced on the 16th that it has been selected as the lead company for the designated public offering project "Development of Service Data Fusion and Interoperability Technology through Standard Operations between Heterogeneous Blockchain Systems," a blockchain industry advancement technology development project supported by the Ministry of Science and ICT and the Institute for Information & Communications Technology Planning & Evaluation (IITP).
The government planned the project to achieve ▲cost reduction in data replication and dual data management ▲support for diversity of blockchain-based services and enhancement of user convenience ▲provision of services capable of creating economic and social value through ledger sharing between heterogeneous blockchain systems.
Dream Security will promote the development of data fusion and interoperability technology for standard operation-based services to enable interoperability among various heterogeneous system services by 2025. They plan to form a research cooperation team with domestic and international standardization experts to standardize the project development technology.
Interoperability technology between blockchains refers to interchain technology that connects different blockchains. Dream Security aims to enhance the convenience of blockchain-based public services in finance, health, education, and other sectors by ensuring information continuity among various blockchain services.
Kim Youngjin, Executive Director of Dream Security, said, "This is intended for industries and public sectors operating various services, including the financial sector such as Central Bank Digital Currency (CBDC)," adding, "We will ensure that safe and convenient service linkage technology can be utilized."
He continued, "We plan to apply the project development technology to security and authentication, decentralized identity management (DID), blockchain platforms, and also utilize it for service businesses in smart cities and digital healthcare fields," and added, "It will also be used to provide an environment where users can use new technologies such as the metaverse, which pursues a virtual reality world, and non-fungible tokens (NFTs) safely and conveniently in convergence fields."
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