K-Blockchain: Korea’s IT Technology Gaining Attention in the COVID Era

[Column] K-Blockchain: Korea’s IT Technology Gaining Attention in the COVID Era

Read the full article [etnews]

*The article has been written in Korean.

<Summary>

Amid the COVID-19 pandemic, the acceleration of digital transformation and non-face-to-face environments has brought increased attention to Korea’s IT technologies, particularly blockchain.

The article highlights Locus Chain, developed by Bloom Technology, as an example of efforts to overcome the limitations of existing blockchains, such as lack of scalability, slow transaction speeds, risks of centralization.

Locus Chain is introduced as a next-generation blockchain that aims to address these challenges through technologies such as the AWTC ledger structure, BFT consensus, data optimization (pruning), and sharding.

These innovations are positioned as enabling a balance between performance, security, and decentralization.

The article also emphasizes that such technologies are expected to serve as key infrastructure for emerging industries in the post-COVID era, including AI, big data, IoT, and digital currencies, drawing attention both domestically and globally.