LG Subsidiary Introduces Blockchain Service

South Korea’s LG has opened a blockchain service through its auxiliary LG CNS. The platform will be utilized for various purposes, together with digital supply chain management.

LG CNS, the IT services subordinate to South Korea’s LG Corporation, announced on Sunday the launching of a blockchain service solution referred Monachain. The podium is designed to offer solutions in the manufacturing, finance, and telecommunication sectors. The in-house structure may be employed to digital supply chain management, digital authentication, and digital community currency, the company said.