[SE Daily] GBC KOREA ‘ The blockchain technology into the M&A deals’ domestic and foreign patent application

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’GBC KOREA is building an M&A platform with Techcoins Inc.(in Dubai). M&A platform is scheduled to start service beginning early next year.

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. Investors are able to choose a directly growing company, and all information about the transaction process is shared with participants in real time. M&A transactions are carried out quickly and transparently according to standardization process from start of M&A to end of process without having to go through complicated adjustment process by intermediary organizations.

After a certain amount of time passes after participating in M&A transactions, you can always withdraw money from your cryptocurrency after selling it at the exchange and transfer it to another M&A project. If M&A platform based on blockchain is used, transaction risks will be reduced. “It is because investment experts go through a process of verifying whether or not listed companies in stock markets have high growth potential and put them on platforms (on-chain). After participating in M&A transactions, we have designed this technology so that business shares and investor asset values can be linked one to one. During the M&A process, personal informations that could be infected was encrypted to enhance security on the blockchain based platform..

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, “We have created M&A platform so that anyone in the world can participate in M&A transactions and make profits based on transparent information.” 

Kim Jeong Gon Reporter / mckids@sedaily.com

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