Dawin KS Co., Ltd. signs a partnership agreement with ChainUp, a Chinese blockchain specialist

Dawin KS Co., Ltd. (CEO Jongmyeong Lee), which possesses the best technologies in the fields such as patent registrations in ID card and passport forgery detection has developed a next generation cryptocurrency payment and exchange system and is currently operating it. The company is pressing ahead with the incorporation of DPEC Global, an operating company for the DPEC (digital payment exchange coin) based on blockchain independently developed by itself.

Dawin KS Co., Ltd. has decided to proceed with cooperation in the blockchain technology field with ChainUp Technology, a Beijing-based global blockchain specialist in China, for overseas expansion of cryptocurrency payment and exchange system businesses. For this, Mr. Jongmyeong Lee, CEO of Dawin KS Co., Ltd. announced that he signed the Blockchain software product and Global SuperNode Partnership agreement with Mr. Yang Fan, vice president of Beijing ChainUp Technology.

Darwin KS Co., Ltd. has currently completed a platform needed for cryptocurrency payment and exchange and is preparing for its service and planning on development for futures trading or outside dealings. Beijing ChainUp Technology, which is a blockchain specialist, is a global blockchain specialist currently supplying an already developed exchange platform to about 150 companies.Dawin Co., Ltd. plans on actively pursuing domestic and overseas market development and proliferation of the blockchain DPEC platform by cooperating with ChainUp Technology in the future.

Mr. Yang Fan, vice president of Beijing ChainUp Technology also introduced the blockchain technology and blockchain cloud service of Chain-Up Cloud under the subject ‘re-design the future with blockchain and cloud computing’ at the ‘Blockchain Convergence Summit : Chain Plus,’ which took place at Dragon City in Seoul for two days between January 23 and 24.

There is the practical difficulty of having to wait for ‘confirm’ for a certain period of time in cryptocurrency payment such asBitCoin. This is the challenge companies that are developing and researching BlockChain related payment platforms face and must solve. The platform aimed at by Dawin is realization of a true utility payment platform that reduces payment time to the maximum by swapping the value between the D-coin and other types of cryptocurrencies to solve this problem. The company is planning on opening a platform that enables payment among different types of cryptocurrencies to realize real-time payment in March and this system is currently undergoing an internal test.

Mr. Lee said that “in other countries, payment using cryptocurrencies is gradually expanding mainly on-line and the trend shows that the number of stores where cryptocurrency payment is accepted is increasing. We are piloting BitCoin payment systems in BK plastic surgery clinic, Hush plastic surgery clinic, Yeongdo oriental medicine clinic, etc. located in Gangnam-gu and plan on installing and operating cryptocurrency payment and money exchange systems in 1,000 first-wave off-line stores, beginning with the time when the blockchain-based DPEC platform by signing MoUs with a focus on local business districts such as Gangnam-gu oriental medicine doctor association. In overseas also, operation of ATMs where you can use and exchange cryptocurrencies already surpassed 4,000 machines. Even in Korea, there are many requests that providing ATM services to foreign tourists who have cryptocurrencies will help sales, so we are getting ready for this. We plan on launching the service in March.”

Finally, Mr. Lee mentioned that “the number of foreign tourists who visit Gangnam area for medical tourism in Korea exceeds 20,000 annually” and delivered the news that he is “preparing for supplying the DPEC cryptocurrency payment and money exchange platform of Dawin KS to hospitals, clinics and stores in core business zones to provide convenient payment for foreign tourists who visit Gangnam.”