SOOHO.IO announced that it received the Minister of Science and ICT Award at the 'Blockchain Promotion Week x Web 3.0 Conference' hosted by the Ministry of Science and ICT.
This award is the result of Suhoio's highly acclaimed efforts in "Project Namsan," including its stablecoin-based payment and settlement infrastructure and innovation in institutional blockchain technology.
Suhoio has been researching and developing stablecoin and purpose-bound money (PBM) technologies in collaboration with domestic and international financial institutions.
The Ministry of Science and ICT (MSIT) recognized companies that have pioneered technological innovation and practical service applications in the blockchain industry through this award ceremony. Suhoio received high praise for implementing a secure digital asset payment and identity authentication service environment for public institutions and private companies.
Park Ji-soo, CEO of Suhoio, said, “Last year, our participation in the Bank of Korea’s Project Hangang led to positive reviews for our contributions in helping financial institutions build safer and more efficient digital asset settlement systems.” He added, “With this award as a momentum, we will continue to lead the way in building Korea’s digital financial infrastructure.”
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