Hana Financial Group, Posco International, and Dunamu announced a strategic partnership on Wednesday to develop a cutting-edge blockchain-based cross-border remittance platform. This collaboration aims to significantly enhance transparency and efficiency in international fund transactions.
The tripartite Memorandum of Understanding (MOU) was formally signed at Hana Financial Group’s headquarters in Seoul. This agreement solidifies their commitment to collaborate across the realms of finance and digital assets. Key figures present at the signing included Lee Eun-hyung, Vice Chair of Hana Financial Group; Lee Kye-in, President of Posco International; and Oh Kyung-seok, CEO of Dunamu.
This groundbreaking agreement outlines the companies’ objective to establish a functional blockchain-based real-time remittance platform by the end of this year. Posco International will spearhead the business applications, capitalizing on its extensive global supply chain network. Concurrently, Hana Financial Group will manage all critical financial transactions, encompassing comprehensive remittance management, fund settlement, and efficient payment execution.
Dunamu will serve as the core technology provider, deploying its proprietary Giwa Chain platform to power the initiative. The company will be responsible for establishing and maintaining the underlying technological infrastructure, as well as securely recording and managing all transaction data directly on the blockchain.
To validate the platform’s effectiveness, Posco International intends to integrate this innovative blockchain technology into its actual fund flows within its diverse trade operations. The company currently manages approximately 40,000 overseas remittance transactions each year, leveraging its expansive network that extends across 51 countries globally.
Prior to the formal signing of the agreement, Hana Financial Group and Dunamu successfully completed a comprehensive proof of concept (PoC). This critical step verified the robust security and unwavering reliability of Dunamu’s Giwa Chain platform, especially concerning the handling of sensitive financial transactions.
Commenting on the collaboration, Lee Kye-in stated, “This strategic partnership lays a solid mid- to long-term foundation alongside leading domestic entities in both digital finance and digital assets. We are committed to continuously expanding our integral role within the evolving digital financial ecosystem through sustained and close collaboration.”
Lee Eun-hyung characterized the agreement as “a truly significant turning point, marking the organic convergence of digital assets, industry, and traditional finance.”
Oh Kyung-seok expressed his optimism, anticipating that “Giwa Chain’s advanced technology will undoubtedly serve as a foundational pillar for constructing a more efficient and transparent on-chain financial environment globally.”
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