Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and an Ireland-based ticketing startup have signed a partnership agreement to develop a blockchain-based payment system. Irish business news outlet Fora reported on the partnership on March 23.
The new partnership agreement will focus on applying the former's blockchain platform technology Klaytn, the brainchild of Kakao subsidiary Ground X, to both a blockchain-based payment system and on analytics applications with Irish startup Festy. In mid-March, Ground X’s Klatyn announced that they had plans to repeat their initial coin offering after already raising $90 million from investors.
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