RNT Technology Changes Name to "RNT X" and Enters Blockchain Business

RNT Technology, a manufacturer of multilayer ceramic substrates, is entering the blockchain-related business sector.

On August 26, RNT Technology announced that at the board meeting held the previous day, it approved an amendment to its articles of incorporation to add new business objectives, including: software development and supply based on blockchain technology; software sales, sales agency, and brokerage; and computer programming services. Alongside this, the company has appointed a blockchain expert as an inside director and decided to change its corporate name to "RNT X" to reflect its new identity.

For its first project, RNT Technology plans to provide consulting for the blockchain segment and exclusive node sales for "LIFE Networks," the next-generation medical data platform of the "Medical AI Alliance" (MAA), which includes major listed companies in the AI healthcare sector. Nodes are software systems that participants in a blockchain-based platform can utilize. MAA recently began full-scale development of LIFE Networks, with leading domestic bio and medical AI companies such as Selvas AI, Selvas Healthcare, Mediana, HLB Global, JLK, and Polaris AI Pharma participating. The company also plans to actively recruit new partners to further advance the platform in the future.

Currently, the nodes are being developed by the domestic specialist developer Parameta, with completion targeted for the end of next month. Each node will be sold for 200,000 dollars, with an initial batch of 150 units to be supplied first. Companies that purchase nodes can participate as partners in LIFE Network, and if approved by the MAA, they may join the alliance directly and engage in joint projects. The company stated that, as it has already secured purchase intentions from several companies, there is a very high possibility that all units will be sold out.

Blockchain technology is rapidly emerging as a core technology for ensuring reliability and transparency across various industries, including finance-such as stablecoins-and supply chains. According to market research firm Research Nester, the global blockchain market is expected to grow from 27.4 billion dollars (38 trillion won) this year at an average annual rate of 26.3%, reaching 470.3 billion dollars (652 trillion won) by 2037.

RNT Technology plans to use this project as a starting point to establish a dedicated blockchain business division and position itself as a key partner of LIFE Network. Notably, this new business is the first domestic case of combining the capital market and the virtual asset market, and the company is currently conducting simultaneous legal and accounting verification in collaboration with major law firms such as Sejong and Namsan, as well as leading accounting firms.

RNT Technology will hold a general shareholders' meeting at its Dongtan headquarters in Hwaseong, Gyeonggi Province, on September 19 to finalize the amendment to its articles of incorporation and the company name change. A company representative stated, "This business transition is more than just adding new purposes; it marks the starting point for expanding into blockchain consulting and diverse software businesses. Through collaboration with LIFE Network, we will build a stable revenue and business structure and actively pursue the discovery of new growth models."