Push for the tokenization of active world active ingredients, many investments infra to underlie the sustainable growth of Korea blockchain
By Lee Kyung-Min
Sasha Ivanov, founder of Waves and Units.network / Courtesy of Units.network
Korea has always been ahead of the curve with regard to the adoption of technology. Combine this with a very digitized economy and challenges with traditional investment opportunities?
This is how the most active cryptocurrency markets in the world were born, according to a blockchain expert based in Dubai.
Sasha Ivanov, founder of Waves and Units.network, said that Korean companies, especially in games, electronic commerce and fintech, integrate blockchain in their existing ecosystems to improve safety, transparency and efficiency.
This, as well as wide investments, strengthens the demand for interoperable blockchain solutions adapted to developers.
Waves is an open source global platform for decentralized applications and units.
Since 2013, Ivanov has launched several startups by emphasizing the integration of blockchain technology into finance.
Crypto
More than 7 million Koreans, or 15% of the population, are recorded on crypto exchanges to exchange cryptocurrencies. Many of them are part of the young generation looking for alternatives to conventional stock markets, driven by the potential for excessive yields.
Unlike fixed negotiation hours and limited volatility of the Kospher’s main scholarship and Kosdaq secondary scholarships, the cryptocurrency markets operate 24 hours a day, offering merchants constant opportunities to seize and get out of the positions.
“This combination of factors has fueled the Boom of Korean cryptography,” said Ivanov.
He added that web entrepreneurs 3.0 and institutional players would be able to obtain a stronger base in the coming years, as indicated by the narrow integration of the blockchain of the ecosystem of Startup of Strengthest in Korea and Business titans, notably Samsung, Kakao and Naver.
Web 3.0, the next generation of the Internet, seeks to create a more open, transparent and user internet, activated by decentralized control via blockchain. It aims to solve the drawbacks of the current web 2.0 model by which platforms belong to centralized entities.
“The Korean market is characterized by its advanced technological infrastructure, a very educated workforce and a government that actively supports blockchain innovation,” said Ivanov. “This indicates that blockchain technology is there to stay, even if regulators refine their approach to digital assets.”
Although Korea remains cautious about cryptographic regulations, it has actively supported the innovation of blockchain through initiatives such as the without regulation of Busan Blockchain.
Web 3.0, the next generation of the Internet, seeks to create a more open, transparent and user internet, activated by decentralized control via blockchain.
Blockchain
Trading of cryptocurrencies is often the first step towards the adoption of blockchain technology, but it rarely stops there.
Once people are comfortable navigating portfolios and exchanges, they start asking bigger questions: what is the technology behind it? How do smart contracts work? How to apply the blockchain beyond negotiation?
This curiosity propels innovation to the individual and institutional level.
“For example, the verification of the digital identity fueled by the blockchain is being explorated for online services, while logistics companies test decentralized monitoring systems for the management of the supply chain”, he said.
The Korea technological conglomerates are massively investing in tokenized assets and blockchain applications in the real world, paving the way for general adoption beyond trade.
This is why Ivanov seeks to associate with large Korean companies that have technical expertise, an important market influence and scale capacity with blockchain technology.
The scalability refers to the ability to manage an increasing amount of work for growth while maintaining efficiency without compromising performance or safety.
On the financial side, Korea’s push towards the tokenization of real assets aligns with the type of infrastructure built in Units.network, he noted.
“The main Korean organizations are well placed to stimulate a large adoption of innovative blockchain solutions while promoting sustainable growth within the ecosystem.”
Mark out, reappear
The milestone improves blockchain safety by aligning the incentives between the network participants and the protocol.
Employed is a cryptographic process that allows network participants to win rewards by locking their parts in wallets. These parts are then used to validate network transactions or as a source of liquidity.
“Validators are required to lock the tokens as guarantees, making sure to act honestly. This mechanism discourages attacks while securing the network by decentralized consensus, “said Ivanov.
The clearing is already widely adopted in Korea, he added, because more and more investors are looking for means to win a passive income beyond simple negotiation.
“In Korea, the implementation promotes decentralization while providing an entry point to users who could be new in the blockchain. In addition, the clears can facilitate the green initiatives of blockchain, aligning with the commitment of Korea to sustainability and energy efficiency. »»
He goes further and asks: “What is replenishment, and how can interoperability allow for blockchain networks?”
The appeal is a breakthrough in the effectiveness of capital and transversal security, explains Ivanov.
Instead of locking the assets for a single network, the re -evaluation makes it possible to use the tokens marked simultaneously through several blockchains, guaranteeing greater safety and liquidity between ecosystems.
“This is essential for interoperability, one of the biggest challenges in blockchain today. The centralized bridges have historically been the lowest link in transversal transactions, leading to billions of dollars in exploits. We pioneled the use of replenishment to ensure that the DEFI applications, liquidity pools and tokenized assets can operate transparently on several blockchains without compromising security. »»
DEFI, or decentralized funding, is an emerging financial system between peers that uses blockchain and cryptocurrencies to allow people, businesses or other entities to transform directly.
The expert said that the rapidly growing and liquidity suppliers, the suppliers of liquidity, institutional investors and developers can do more with their assets – that it is to mark, to lend, to lend, to lend, to lend, to lend, participation in governance or cross negotiations.
“In the long term, this makes it possible to create a more effective and capital ecosystem of blockchain, reducing fragmentation and bringing the decentralized finances of traditional financial markets closer.”
