Korean blockchain firm Blocko raised $7.4M from banks for “smart grids and dark data” solution

posted 25 days ago
Blocko, a South Korean blockchain firm backed by Samsung, says it’s raised $7.44 million in funding, largely from Korea’s oldest bank, Shinhan. Blocko is working to build business-focused blockchain services, and has been working with national institutions such as the nation’s stock exchange, the Bank of Korea, Hyundai and the Korea Electronics and Telecom Research Institute.

The firm already has a platform “...for data sharing between industries and companies in areas such as identity verification, document management, and the Internet of Things.” Blocko CEO Won-beom Kim said the firm aims to “showcase various blockchain-based solutions that can be used in areas that have been difficult to implement, such as smart grids and dark data.”
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