[Korea Block Chain News] Patent application for GBC Korea’s ‘M&A platform utilizing blockchain’

GBC KOREA made an announcement on the 27th 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 started to establish a system that includes user terminals along with Techcoins in Silicon Valley(USA) and has secured a new source technology for platform that can implement traditional M&A processes based on blockchain. This system is thanks to digital assets of global M&A companies and the ability to make transactions within platforms through smart contracts.

It is not centered on intermediaries such as investment banks and private equity funds, but it is designed as M&A platform centered on participants such as buyers and sellers. It focused on making M&A transactions transparent and secure at low cost. 

This means that the transaction costs of 20 to 30 percent, which were taken by brokerages such as start-up funds, operation, and performance compensation, have been reduced, thus returning to the returns of investors. Investors can always withdraw money from your cryptocurrency after selling it at the exchange and transfer it to another M&A project.

Potential investors can choose which M&A deal to participate in, by purchasing UCX during the specific window of time that corresponds to the funding window for the specific deal. Our foundation called HyperSwap, based out of Dubai, issued a total of 1,000,000,000 (1 bn) UCX cryptographic tokens.

Terrance Pak, Global C.E.O of GBC KOREA explains, “Global M&A is a highly profitable transaction, but it is difficult for the general public to access to M&A and is excluded from priorities such as expertise and size of investments.”, “We have created a platform so that anyone in the world can participate in M&A transactions and make profits based on transparent information.”

Kim Soo Chan Reporter / capksc3@hkbnews.com

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