July 25, 2018
July 2018 – Hanwha Life Insurance, the world’s leading insurance company, and Infinity Blockchain Labs (IBL), a visionary R&D company committed to harnessing the power of blockchain for the advancement of society with next-generation solutions, recently announced an exciting new partnership in which IBL will collaborate with Hanwha DREAMPLUS, an open innovation hub in Asia. This partnership will serve the mutual purpose of raising awareness of blockchain technology and expanding blockchain communities.
This exciting new partnership for these important industry leaders showcases the future of blockchain technology and its role in disrupting and combining industries. This ambitious new strategic partnership will cover a series of crucial blockchain-related activities and promotional fundamentals in advancing the blockchain community and mutual interests of these two companies.
In the Memorandum of Understanding (MOU), the two companies have agreed to collaborate on a number of blockchain-based topics. The areas of agreement include:
This agreement is for the mutual purpose of raising awareness of blockchain technology, one of the most disruptive technologies in creating the Fourth technology revolution in the community of tech minded startups. In raising awareness of blockchain technology, the partners plan to build a flourishing blockchain community where DREAMPLUS can encourage innovative developers to pursue ambitious blockchain-based startup ventures. Community development will further support the collaborative efforts between the Korean and Vietnamese blockchain communities to exchange ideas and further develop a sustainable blockchain ecosystem.
This initiative is supported by IBL’s well established foundation for blockchain based community education and exposure in Vietnam through the company’s Vietnam Blockchain Country (VBC) project. VBC aims to connect Vietnam business leaders, educators, policy-makers, regulators, tech entrepreneurs, and for-profit and non-profit organizations that wish to be part of this transition into the future, in order to foster knowledge sharing, testing, and development of impactful blockchain applications.
DREAMPLUS looks to grow alongside IBL in its pursuit of the flourishing blockchain community in Vietnam. IBL will work to expand the community reach for DREAMPLUS through use of VBC’s capacity for regional development projects, conferences, workshops and events. DREAMPLUS will also benefit from collaborative marketing through media support and other panned exposure opportunities in the region. The companies are thrilled to work together and are looking forward to the evolution of this exciting new partnership.
Hanwha Life Insurance is a South Korean leading life insurer with total assets of 103 billion USD and Moody’s assigned A1 in Jan 2018. Hanwha Life Insurance operates in South Korea, Vietnam, China and Indonesia through a network of 644 branches including seven overseas branches (as of March 2018). Its parent company, Hanwha Group, a Fortune 500 company, is one of the largest conglomerates in South Korea. The business spans chemicals, aerospace, solar energy, finance, lifestyle, and construction.
DREAMPLUS is an ambitious open innovation hub powered by Hanwha. It provides budding entrepreneurs with workspaces, mentorship, and financial assistance. It operates co-working spaces in Seoul and Shanghai and plans to expand to Vietnam, Philippines and Singapore to facilitate Asian startup ecosystem.
DREAMPLUS recently launched Upground which is global blockchain network pursuing trusted blockchain ecosystem in Asia where people, information and opportunities gather. Asian top-tier blockchain companies, such as Actwo Technologies and Infinity Blockchain Labs, are joining the partnership.
Infinity Blockchain Labs (IBL) is a visionary R&D company committed to advancing society with next-generation solutions. IBL is currently the blockchain ecosystem leader in Vietnam with more than fifty top blockchain partners globally. IBL’s mission is to be the R&D engine that transforms future technology into practical applications for business and everyday life while empowering Vietnam to become “Vietnam Blockchain Country,” the global blockchain hub and leader in blockchain research and development. In achieving their mission, IBL focusses on two primary pillars: Infinity Blockchain Research and Development Labs and the Vietnam Blockchain Country initiative. Named one of the top ten blockchain technology solution providers in 2018 by APAC CIO Outlook, the 200+ employees at IBL aspire to empower Vietnam to become the global leader in blockchain research and development.