Chainlink and LG CNS partner to boost Korea’s $68 billion digital asset market

Chainlink , a leading provider of blockchain data and interoperability services, and LG CNS, the technology subsidiary of South Korea’s LG Group, announced a comprehensive strategic partnership on October 22. This move broadens a relationship the two companies initiated just over two weeks prior, focusing on advancing digital asset infrastructure in South Korea. Earlier this month, LG CNS introduced KITL, its new blockchain infrastructure platform. The company also signed memorandums of understanding with Circle, Securitize, the Canton Foundation, Chainalysis, and Chainlink. As reported by Korean daily Financial News, LG CNS described Chainlink as a supplier of real-world data such as currency exchange rates and fund prices that can be integrated into blockchain systems. Chainlink’s technology serves as a bridge connecting independent blockchain networks.

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