Sejong Telecom,’Real Estate Collective Investment and Profit Distribution Service’, and’Medical My Data Non-face-to-Face Platform Service’ continue ESG activities in Busan Free Regulatory Zone business
Sejong Telecom (KOSDAQ 036630 CEO Kim Hyung-jin Yoo-Yoon) has raised the anchor of management that realizes ESG (environmental, social, corporate structure) values through blockchain, a technology that guarantees the trust of data.
In line with our position and responsibility as a key communication service provider, we will spread our new blockchain technology’Bluebrick’ to the ICT industry, and based on this, all companies will actively take the lead in building a transparent, safe and reliable ecosystem. Plan.
Blue Brick is a brand and integrated platform name that encompasses the blockchain business that Sejong Telecom is focusing on.
Blue Brick records all information on a distributed ledger in near real time, and the information cannot be modified or deleted, and anyone can read it. Using these characteristics of Blue Brick, the company has realized its corporate vision of’contributing to the world by creating the best values that benefit nature and humans’ from a long-term perspective, and is continuing the spirit of the ESG era.
The company previously unveiled’Blue Brick’ in March and unveiled a roadmap for building a protocol economy ecosystem based on it.
It is evaluated that the values of ▲fair distribution of wealth ▲user protection ▲automation and efficiency ▲catalyst of sharing and cooperation, which were selected as the main goal of the roadmap, correspond to what ESG pursues.
The ESG that Sejong Telecom is trying to achieve through Blue Brick, that is, changes in the environment, society, and corporate structure are as follows.
First of all, in terms of environment, we plan to build a secure and’paperless’ protocol ecosystem by recording and utilizing key data on the blockchain.
This is to minimize the use of paper, which is the cause of forest destruction and increase in waste, while at the same time safely managing important data such as personal information based on the blockchain.
Sejong Telecom was selected as a blockchain-based academic information platform provider promoted by NIPA in 2019.Since last year, Sejong Telecom launched a smart academic information management platform (SER), focusing on leading universities and educational institutions in Korea. It is rapidly commercializing.
Ewha Womans University and other universities that have adopted the platform can easily and safely store and transmit data previously stored as CDs or paper documents.
Students can also search and issue various certificates and histories.
The social has included the content that it will use the distributed ledger, which is the core of the blockchain, to alleviate concerns about data leakage and forgery and alteration.
With the goal of completion in the second half of this year, the company is preparing to build a medical my-data non-face-to-face platform in the Busan Blockchain Regulatory Zone.
On the platform, users will experience greatly improved convenience, such as reducing medical expenses through blockchain-based medical my data, issuing electronic prescriptions and certificates, and claiming insurance one-stop.
In particular, the need for safe management of my data has increased due to the recent leakage of personal information, and the project is aiming at both rabbits,’convenience’ and’personal information security’.
Governance aims to improve customer value in a way that guarantees the trust of data.
Blue Brick is said to have differentiated competitiveness in compatibility, speed, stability, and economics as a service-type blockchain (BaaS). As such, we plan to create a protocol economy ecosystem based on trust through the platform.
We are also preparing to create opportunities for anyone to participate in investment in a way that enables real estate investment with a small amount through the platform.
Sejong Telecom is currently preparing a’real estate collective investment and profit distribution service’ based on distributed ledger technology in the Busan Blockchain Regulatory Zone.After dividing the real estate beneficiary rights owned by one building owner, it is a method of issuing beneficiary certificates based on this. to be.
The ESG management activities will be conducted first in the Busan Blockchain Special Zone, and then expanded nationwide according to performance and progress.
Sejong Telecom CEO Yoo Yoo Yoo said, “Sejong Telecom has continuously carried out and practiced CSR (Corporate Social Responsibility) and CSV (Corporate Shared Value Creation) activities to become a sustainable company for the past 30 years.” “We will try to maximize customer and shareholder value with a management strategy to achieve a sustainable growth through blockchain, a process, that is, Blue Brick.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.