WEMIX’s staked token listed on BitMart exchange

Bank of Korea and Samsung Team Up for Offline CBDC ResearchIn a move aimed at advancing central bank digital currency (CBDC) technology, the Bank of Korea (BOK) signed a memorandum of understanding (MoU) with Samsung Electronics on Monday, according to a press release. The agreement was sealed during a signing ceremony attended by Lee Seung-heon, BOK’s Senior Deputy Governor, and Choi Won-joon, Executive Vice President and Head of Development in the Mobile Experience (MX) Division at Samsung Electronics.Under the terms of the MoU, both parties have committed to ongoing research on CBDC issued by the Bank of Korea, with a specific focus on collaboration in the offline payment sector. Samsung Electronics had previously participated in the second phase of the CBDC simulation study conducted by the BOK last year.Photo by Aleksandar Pasaric on PexelsCBDC without InternetThe company’s efforts have led to the development of an offline CBDC technology that facilitates transfers and payments via near-field communication (NFC) between devices without requiring an internet connection. These transactions are conducted within the embedded secure element (eSE) chip of Samsung Electronics’ mobile devices, which holds one of the highest levels of security certification, CC EAL 6+.The Evaluation Assurance Level (EAL) is a numeric grading system that measures the security level of tech products and systems according to the Common Criteria (CC) security standard. It ranges from EAL0 to EAL7, with EAL7 representing the highest level of security.Leveraging this technology, the BOK and Samsung will continue their joint research to enhance security in offline payments using Samsung Galaxy smartphones and watches. Additionally, they aim to provide support for stable payments in situations where network connectivity is disrupted, such as during disasters.Growing interest in CBDCsGiven the global interest in CBDCs, with central banks worldwide exploring their potential, the research collaboration between the BOK and Samsung assumes great significance. The results of this partnership will guide further cooperative efforts to develop the international CBDC ecosystem.BOK Senior Deputy Governor Lee Seung-heon emphasized the significance of the joint achievement, expressing optimism that the partnership would keep Korea at the forefront of offline CBDC technology.Samsung’s Executive Vice President Choi Won-joon underscored that the company’s collaboration with the Korean central bank allowed Samsung to utilize its advanced security technology in digital currency. He expected their combined efforts would considerably contribute to the global development of CBDC technology.

NFT Game Slime World’s Creator Join Forces with Blockchain Investor AssemblockKorean video game developer Nada Digital has recently announced its strategic partnership with blockchain investment fund Assemblock. The two entities will collaborate on accelerating the development and innovation of mobile games and blockchain technology with an aim to expand their presence on the global stage.Photo by Martin Martz on UnsplashSlime World and NADA Protocol TokenNada Digital’s creation, Slime World, is a blockchain-powered, play-to-earn (P2E) game whose system is underpinned by NADA Protocol Token. The NADA token is set to play the role of the key currency for the game publisher’s forthcoming blockchain services. Players can earn Orichalcum rewards during gameplay and exchange them for NADA at an in-game exchange.Assemblock’s localization consultingAs an investor and accelerator, Assemblock is involved in supporting and guiding blockchain projects in pursuit of shaping an environment for the blockchain industry. In particular, it focuses on assisting projects in successfully entering and thriving in the Korean and Chinese markets through localization consulting.Eva Yoon, CEO of Assemblock, has held positions at payment service company Danal, mobile game developer Party Games (now Nexture), and large game company NHN Entertainment. With her wealth of experience, Yoon has led initiatives to facilitate the international growth of Korean gaming enterprises and blockchain startups.

Korean health management app leverages blockchain for iris-based solutionsIRIS, a blockchain foundation focused on healthcare, announced on Wednesday (local time) the launch of a health management app developed in collaboration with Hongbog, a South Korean provider of iris-based biometric systems. This app offers services customized to each user’s health status and lifestyle.Photo by Kalea Jerielle on UnsplashIridology-based health analysisUnlike other healthcare platforms that primarily focus on exercises, IRIS’ app offers long-term and periodic health trend analysis reports through iris photography. This approach is based on “iridology,” a concept used in traditional Korean medicine, and the app also recommends visits to specialized healthcare providers based on its findings.The app instantly analyzes a user’s biometric information through artificial intelligence once a picture of their eyes is captured with a smartphone camera. Within 15 seconds, users can view their results, based on which the app recommends personalized exercises and nutrients.This platform serves both personal disease management and prevention, and can also be utilized by public health centers for monitoring the health of local residents. Presently, it provides five health ratings for cholesterol, stress levels, and four specific organs: the brain, lungs, liver and kidneys. Future updates will optionally include information on an additional 15 organs, such as the heart, bronchi, pancreas and stomach.Blockchain-powered privacy protectionA representative from IRIS conveyed that their goal in an aging society is to assist customers in preventing serious illnesses and promoting longer, healthier lives. They emphasized that the app enables regular measurement of health indicators, aiding in disease prevention and management. The representative also mentioned that by storing sensitive healthcare information on the blockchain, the service eliminates the risk of personal data leaks.