[Financial News] GBC KOREA ‘M&A Platform’ domestic and foreign patent application

GBC KOREA made an announcement on the 30th that it applied for patents regarding M&A platform that uses blockchain technology in South Korea.

The official name of the patent is ‘System for the provision of blockchain-based M&A service and its operation method’. It is the world’s first M&A platform based on blockchain and applied for patent through the Pacific appraisal.

GBC KOREA has secured a new source technology for platform that can implement traditional M&A processes based on blockchain and has started to establish a system that includes user terminals along with Techcoins in Silicon Valley(USA). By introducing blockchain to M&A, which was difficult for individual investors to access, It focused on making M&A transactions transparent and secure at low cost. This system is thanks to digital assets of global M&A companies and the ability to make transactions within platforms through smart contracts.

Kim Kyung Ah Reporter / kakim@fnnews.com

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