Block Chain

Monachain

‘Monachain’ of LG CNS is the enterprise blockchain platform for all industries including but not limited to finance, public sector, communication and manufacturing.


Digital authentication
The core technology of Monachain, applicable to any industry, is the PIN(Personal Identification Number) for mobile devices such as biometrics including fingerprints for authentication, wire transfer and payment.


Digital currency platform
The user of Monachain can create a digital wallet on their device based on digital authentication information and issue a digital gift certificate. For example, a local government can issue its Youth Allowance and Home Care Allowance so that the beneficiaries can use the money in the local stores, which will contribute to the vitalization of the local economy.


SCM, Supply Chain Management
Monachain enables transparency and fast distribution of information such as transaction process encompassing all processes from manufacturing to delivery so that products can be manufactured in shorter time and kept in the appropriate stock level while transportation errors and related cost can be minimized.


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Monachain can be used delivery of e-stocks of unlisted companies, first ever in Korea.

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Monachain is the multi-digital currency platform capable of delivering currencies for different communities on a single platform.

Core Competency
  • Monachain focuses on transactions
    - Monachain has been proven in the global wire transfer pilot project called as “Agent’ project joined by dozens of local and international banks.
    - Monachain has been tested by the financial network of the Bank of Korea for remittance capability.

  • Monachain has been proven to be globally qualified
    - Monachain is the first Korean SI partner of R3, the biggest blockchain consortium of the world.
    - Monachain joined the ‘Hyperledger’ project for development of a global blockchain.

  • Monachain works with specific technological and business professionals
    - Monachain is armed with blockchain specialists reporting directly to CTO.
    - Specialists of Monachain boast of experiences in specific fields such as finance, public sector, logistics and energy.
Performance
Monachain has been designated as the blockchain service provider for the Korea Mint Corporation.
- Monachain leads the blockchain ecosystem by being the first Korean company to establish the blockchain platform for the public sector.

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