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[CUBE NEWS] The Future of Blockchain 3. Utilization of Blockchain Technology | 블록체인의 미래 3. 블록체인 기술의 활용 현황

3. Utilization of Blockchain Technology
So how long will it take for blockchain technology to become widely used in our society? Experts predict that it will take more than five years for blockchain technology to peak in most industries. Gartner, a U.S. IT market research and consulting firm, said in its 2017 Blockchain Heap Cycle report that the market and public interest in blockchain-related technologies such as distributed ledgers, virtual currency wallets and consensus algorithms are at its peak. In addition, most IT consulting agencies predict that blockchain technology will reach the peak of innovation in two to three years, and be commercialized in five to 10 years, so that stable services can be delivered around 2025. Among the areas where blockchain technology can be used especially effectively are financial areas such as banks and investment services, health care including insurance and health care, logistics and distribution sectors and public services.
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[CUBE NEWS] The Future of Blockchain 2. What is Blockchain? | 블록체인의 미래 2. 블록체인이란 무엇인가?

2. What is blockchain?
The Birth of Satoshi Nakamoto and Bitcoin-Blockchain
"I've been working on a reliable electronic cash system. The system is fully private and requires no reliable third party." On October 31, 2008 at 2:10 p.m.(ET), hundreds of cryptographers and others received the above e-mail. The sender was Satoshi Nakamoto. The link in the mail ( was to download a short 9-page paper from the website. This is the first blockchain white paper. The mail said that he invented Bitcoin. Most experts, however, were cold-hearted about the e-mail for the next three months, Satoshi Nakamoto exchanged views via email with experts, but not many people wanted to participate in his system. But only one person, a Cipherpunk member and cryptographer, Hal Finny, has steadily exchanged views with Satoshi Nakamoto to improve the bitcoin system.

On January 3, 2009, Satoshi Nakamoto finally gave birth to Bitcoin and created the first block, Genesis B…

[CUBE PAPER] Mayor of Seoul, Park Won-soon, "With Innovative Technologies such as AI and Blockchain, Seoul will Become the Best 'Smart City' in the World." | 박원순 "AI·블록체인 등 혁신기술로 세계 최고의 '스마트시티'로 도약"

* [Cube Intelligence] introduces news related to Cube's business pillars. We are now sharing you the full content of the published article along with the source.
[Park Won-soon, Mayor of Seoul, Park Won-soon, "With Innovative Technologies such as AI and Blockchain, Seoul will Become the Best 'Smart City' in the World."
QEEN Kim Won-geun 2019.05.20
"We will provide new services that combine innovative technologies such as AI and blockchain based on the world's best ICT infrastructure." said Seoul Mayor Park Won-soon.
Mayor Park attended the "Korea Future Forum 2019 & Blockchain Technology Show" held by News 1 in the Crystal Ballroom on the second floor of Lotte Hotel in Sogong-dong, Seoul on Tuesday morning under the theme of "Connecting Society" and delivered a congratulatory speech, saying, "The value of data is becoming more important than ever," adding, "Seoul city government collected urban administrative data ba…

[CUBE PAPER] Development of Sejong-LA and Smart City to Expand Exchanges | 세종-LA, 스마트시티 분야 교류 확대 추진

* [Cube Intelligence] introduces news related to Cube's business pillars. We are now sharing you the full content of the published article along with the source.
[Development of Sejong-LA and Smart City to Expand Exchanges]
Chungcheong News Choi Hyung Soon 2019.05.16
Lee Kang-jin, vice mayor for political affairs at Sejong City, met with Ted Ross, deputy chief of the Department of Information and Communication of Los Angeles, on Thursday to discuss ways to form a consultative body between South Korea and the U.S. Smart City and cooperate on mutual exchanges.
Ross is the chief information officer of the Los Angeles city government and general manager of the ITA, and was in Seoul to attend a local academic event on smart city at Yonsei University in Seoul on May 15.
Vice mayor Lee Kang-jin explained the current situation of the 5-1 national demonstration city with Sejong City and discussed ways to share experiences and cooperate with Korean and U.S. smart city officials.

In response, Ross e…

[CUBE NEWS] Cube Intelligence Becomes a Company Participating in Government Project 'Smart City Convergence Alliance' | (주)큐브 인텔리전스, 정부 사업 '스마트시티 융합 얼라이언스' 참여 기업 선정

Cube Intelligence has been selected as a participant in 'Smart City Convergence Alliance' that is being pushed by the Korean government.

The "Smart City Convergence Alliance" is an alliance of government, institutes, and companies launched for the smart city state pilot city project to be created in Sejong City and Echo Delta City in Busan, led by the Presidential Committee for the Fourth Industrial Revolution and the Ministry of Land, Infrastructure and Transport.

On 'Smart City Convergence Alliance' project, President Moon Jae-in announced on February 13, 'Smart City Innovation Strategy Report' held at BEXCO in Busan, saying, "If Busan and Sejong succeed in the world's best smart city, Korea will grow with a world leading economy," he said, "we will make it happen," he stressed.

President Moon Jae-in also said, "Smart City is a new growth engine that can save our economy." The government also plans to introduce a Smart…

[CUBE PAPER] 23 million automobile age... ...resolving blockchain parking spaces? | 2300만 자동차 시대…블록체인이 주차난 해결?

* [Cube Intelligence] introduces news related to Cube's business pillars. We are now sharing you the full content of the published article along with the source.
[23 Million Automobile Era... Would Blockchain Resolve Parking Difficulties?]
Daily Token Reporter Noh Yoon-joo 2019.05.07
According to statistics from the Ministry of Land, Infrastructure and Transport (MOLIT), the cumulative number of cars registered in South Korea as of December last year was 23,202,555. In other words, there is one car per 2.2 people. While many cities in Korea are struggling with parking difficulties, rumors have emerged that blockchain could become a parking problem solver, drawing attention The MOLIT on Tuesday selected six cities subject to the smart city challenge project, which it colluded with local governments across the country. Two of them revealed their business plans to solve parking difficulties using block chains.

First, the Bucheon city government formed a consortium with 11 private companie…

[CUBE NEWS] 1. The Future of Blockchain [Why Blockchain Technology Now?] | 1. 블록체인의 미래 [왜 지금 블록체인 기술인가]

1. Definition of Blockchain Technology and Scope of Evaluation
2019 marks the 10th anniversary of the emergence of blockchain technology as Bitcoin. In short, blockchain refers to a technology that creates blocks containing data at regular intervals and then chains them together. The data we're talking about here is mainly a book of transaction records, which is also called distributed ledger technology because it is copied, divided, and jointly validated by participants in the blockchain network.

The 2016 World Economic Forum predicted that blockchain-based platforms would account for about 10 percent of the world's GDP in 2025, and the Davos Forum also had a broad discussion of blockchain and crypto currencies. Gartner, a global market research firm specializing in IT technology, predicted that the value added to the blockchain will grow from $4 billion in 2017 to $176 billion in 2025, and $3.16 trillion in 2030. As such, blockchain is a technology with high growth potential …