Digital asset exchange Coredax announced on the 28th that it signed a business agreement with Narae Electronics to explore blockchain business opportunities and develop new businesses.
Narae Electronics was established in 2013 and is a strong company that operates in the manufacturing and trading of electronic products, automobile parts, shipbuilding equipment, and real estate leasing businesses. In particular, as a partner of LG Electronics, it mainly produces PCB ASS'Y electronic circuit boards, which are refrigerator parts.
Through this business agreement, the two companies agreed to jointly discover blockchain business opportunities, develop new businesses, and cooperate to promote mutual benefits. The specific details of the cooperation method will be decided through further consultation.
Based on this agreement, Coredocs plans to secure technological capabilities in the fields of industrial infrastructure management, such as supply chain management, global trade settlement, and carbon emission management using blockchain, and expand its business areas to manufacturing, logistics, and distribution based on this.
Lim Yo-song, CEO of CoreDax, said, “This agreement will be a good example of how we can create new possibilities and value through the convergence of blockchain technology and the manufacturing industry,” and added, “We will work closely together to contribute to revitalizing the manufacturing industry beyond the blockchain market.”
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