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Showing posts from April, 2018

[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.
Finance
Many foreign b…

Active attempts to employ Blockchain as a Service (BaaS)

Recently BaaS, Blockchain as a Service, has been rapidly increasing, especially with multiple studies on the application of blockchain in the Smart City. The development of automobile technology using several blockchains was announced today, at “SMART CITY” The 2018 Korean Institute of ITS Conference held in Jeju Island, South Korea. More than 250 Smart city’s traffic-related papers have been published in this conference. Korean Government agencies including Korea Expressway Corporation and The Korea Transport Institute, along with SK Telecom, LG Electronics, Naver and Cube Intelligence presented their research on the Smart city transportation.
Cube Intelligence UK attracted attention by introducing their research during the special session. Cube is currently developing a vehicle security service, especially suited for autonomous and connected-cars, that employs blockchain.


Professor Young Yoon at Hongik University, an established expert in the field of AI and blockchain, has introduced…

2018 Spring meet-up, announcing blockchain-based Car-sharing services, and new Cube Intelligence CEO inauguration

Richard Biggs, Cube Intelligence UK CEO

Richard Biggs, inaugurated today as CEO of Cube Intelligence UK announced that Cube Intelligence is launching a blockchain-based Car-sharing service. The launch of the service will be effective starting from UK where the headquarter is located, with hopes to expand globally.

Cube Intelligence is a company that develops and provides blockchain-based autonomous vehicle security. Newly inaugurated Richard Biggs is a management specialist, with a major in Economics from LSE, and worked as an analyst at Ernst Young, a global consulting firm, and ABN AMRO, an European financial group. The inauguration was held today (April 18th) at 4pm, COEX Intercontinental Hotel.

Decentralization is the pivotal difference of Blockchain-based car-sharing from the existing car-sharing services. The existing car-sharing in a centralized car-sharing company buys cars in large quantities and distributes them into regions, whereas the blockchain-based car-sharing connec…

MG Damage Insurance - Cube Intelligence, Development of "Customer-oriented insurance products"

(L) Richard Biggs, Cube Intelligence Representative (R) Kim Dong Joo, MG Insurance Representative

- Combining with Blockchain technology, pioneering innovative insurance market
- 'One-stop automobile aftermarket service' oriented, development of insurance business model

MG Insurance (CEO Dong-Ju Kim) announced on April 16th that they have signed an MOU with Cube Intelligence, a Blockchain specialist, to develop a 'customer-centric insurance product'.

The two companies will undertake joint research and development of a Blockchain-based insurance business model, which is free of the limitations of the existing insurance market where it was limited to UBI (Usage Based Insurance) insurance development using automobile Big Data.

The new customer benefit-centric business model will support variety of premium discounts (driving habits, distance, day of the week, etc.), IOT-based automated emergency calls, customized vehicle management alerts (regards to troubleshooting, cons…

Upcoming Cube Meetup - April 18th 2018

Today, we are excited to announce the upcoming Cube meetup. The meetup will include the inauguration ceremony of our global CEO Mr.Richard Biggs and Cube’s new project as well. 

Up to 30 Cube contributors could be a part of the meetup. We will share the meetup invitation by email asap.


Venue: COEX Intercontinental hotel, 30th Floor            (524, Bongeunsa-ro, Samsung Dong)
Date: April 18th, 2018, 4 PM ~ 6PM

Partnership Advancements between Cube & OKEX

On April 2, Cube's chairman, Bong-Hyeong Lee met Justin Leung and Shirley Kwok from OKEX International Business Operations team at a business conference in Seoul. It was the second personal meeting with OKEX, following the meeting of March with Chris Lee, the OKEX CEO. The representatives of the companies discussed the potential of future partnership between Cube and OKEX. Since Chris Lee's visit in March, OKEX has been showing partnership between the two, through promoting CUBE’s AUTO listing on several coin news channels. This April’s meeting spurs interest on how the Future partnership between the two ventures will advance.