POSTECH: POSTECH and Coinone Join Hands to Conduct Joint Research on Crypto·BlockChain

POSTECH and Coinone, Korea’s leading cryptocurrency market, signed a MOU for industry-academia cooperation for joint research of Crypto and Blockchain technology.

POSTECH President Moo Hwan Kim, Coinone CEO Myunghun Cha, POSTECH Center for Cryptocurrency & Blockchain Research Co-Director James Won-Ki Hong and Jongsoo Woo attended the signing ceremony held at POSTECH on Jan 18. POSTECH and Coinone will jointly operate Coinone Research Development Center (CRDC) under the Center for Cryptocurrency & Blockchain Research (CCBR) and lead the cryptocurrency research.

Coinone-POSTECH R&D Cooperation Promotion Committee will be organized in the CRDC led by the executives of Coinone and professors of POSTECH. The project is constructed in four parts which are ▲ Joint research and development of virtual assets and blockchain technologies for financial innovation ▲ Internships and scholarships to cultivate talented leaders ▲ Sound technology development to drive CSR in crypto market ▲ Hold hackathon and promote venture development in blockchain and virtual assets. Coinone plans to provide an annual amount of 1 billion won over the next five years.

Coinone CEO Myunghun Cha said, “Coinone has been worked hard to operate research center to promote Bitcoin and blockchain since the beginning of the market, where information asymmetry was severe. I think this is the CSR efforts as a cryptocurrency market and ultimate development of the blockchain industry by conducting academic research and nurturing the future leaders.”

POSTECH President Moo Hwan Kim stated, “The time has come for a new day in aggressive investment for nurturing future talents and conducting research since the virtual asset market, including Crypto, became an important industry globally. We welcome the decision of Coinone, led by the young CEO who graduated from POSTECH, and we will play a major role in the crypto industry in Korea.