Major South Korean Satellite Operator KT SAT to Focus Other New Tech, on Blockchain

KT SAT, South Korea’s satellite communication operator, will be researching blockchain advantages for the satellite market.
The satellite operator owned by South Korea’s largest telecommunications firm KT Corporation is exploring blockchain, local paper EDaily reports Friday, Nov. 23. KT SAT, which is reportedly Korea’s only satellite communication operator using 50 decades of satellite expertise, has established a working group to address the use of major emerging technologies, such as blockchain, so as to enlarge the present constraints of the satellite industry.Announced yesterday, Nov. 22, at the business ’s occasion “2018 KT SAT Partners Day,” the new initiative, dubbed KT SAT Eco Alliance, aims to bring together firms focusing on these tech fields as the Internet of Things (IoT), cybersecurity, 5G, in addition to distributed ledger technologies (DLT) such as blockchain.According to the document, KT SAT is intending to perform several events dedicated to three major information and communications technologies (ICT) fields, including password security, blockchain, along with maritime satellite communication platforms. The company reportedly will run many workshops, workshops and debates related to the industries.KT SAT CEO Han Won-sik commented at the event the KT SAT Eco Alliance is an effort to satisfy the needs of an area and international pioneer in the satellite market, claiming the business “wants to keep on discovering new solutions through new ICT convergence. ”Previously in November, global tech giant IBM partnered with major Spanish telecommunications firm Telefónica to present a tool for handling international cell phone call traffic.In October, advancement group The Viettel Enterprise Solutions Corporation owned by Vietnam’s largest telecommunications operator Viettel Group announced plans to develop into the nation ’s major blockchain technology provider in five decades. […]

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