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- NDS Signs MoU for Technology Development with Sogang University
NDS announced on July 20, 2017 that it signed a Memorandum of Understanding (MoU) for blockchain development and cooperation with Sogang University Blockchain Research Center. They will jointly develop blockchain technology to secure the reliability of food safety data and distribution networks, as well as discover business models based on blockchain.
The research center has experience in multiple blockchain projects and core technology patents. It has also developed its own blockchain platform. NDS and the research center will conduct a joint research project entitled “Development of Consensus Blockchain Algorithms for Food History Monitoring,” an open-source software development project sponsored by the National IT Industry Promotion Agency (NIPA).
NDS CEO Kim Joong-won said, “The synergy created by NDS’s experience in manufacturing, distribution, and logistics and the technological prowess of the research center will help us advance into the blockchain market.”