DECENT, developer of an open source blockchain ecosystem, has announced a partnership with decentralized social platform the TTC Foundation, which will see the company seek new opportunities in Asia.
The expansion will see DECENT set up an office in Seoul and further work to promote its brand, services and technologies. The blockchain company chose Korea as it plays a huge role in terms of recognition in the blockchain industry and represents a significant share of the cryptocurrency market.
Together the TTC Foundation, DECENT will work with companies that wish to enhance their businesses through the use of blockchain technology, and help companies who wish to develop models based on token economies. DECENT will also work with companies that wish to launch ICOs or reverse ICOs.
Those that wish to do business with DECENT and the TTC Foundation must have a business idea that will extend DECENT’s core technology, DCore – a proprietary platform based on blockchain technology.
The partnership will also aim to improve the local and global brand recognition of DECENT.
DECENT and the TTC Foundation will work together through the use of DECENT’s DCore technology to pursue practical partnerships to solve or improve existing business structures or profit models.
Currently, the Korean government – despite shutting down cryptocurrency exchanges – looks very favourable on blockchain technology and it is expected that the blockchain ecosystem there will only grow more prominent. .
CEO and Founder of DECENT, Matej Michalko, said:
We are in good hands, having chosen the TTC Foundation to take our business model to the next level. South Korea is an exciting country right now, and one which really understand blockchain technology. Seeking out opportunities here and growing as a company is something we are very excited about.