The next generation of business underlying infrastructure platform in digital finance
The contract code of the project has been double-audited by CERTIK (from Yale University and Columbia University) and Zhichuangyu (from Beijing).
South Korea and Bulgaria strengthened financial cooperation, and DSK bank took the lead in responding
According to Yonhap news agency, on May 14, President Moon Jae-in of the Republic of Korea and President rumen RADF of Bulgaria held a summit meeting the presidlential palace of the Republic of Korea, reaching a consensus on strengthening
economic cooperation between the two countries, and witnessed the signing of memorandums of understanding on cooperation in the frelds of economy, national defense, education by and sports by government departments and enterprises of the two
countries.
At the same time, with the arrival of the blockchain era. South Korea, as a big country in the digital economy, has made great achievements in the feld of digital economy. Blockchain is the underlying technical framework of the new qeneration of social
and business application development infrastructure. Its mature application will promote the transformation of the global social and business development model. According to the world economic forum, nearly 100 central banks are currently discussing
the application mode of blockchain technology. In particular, JPMorgan Chase and Goldman Sachs, the most representative banks, have offcially started to enter the blockchain industry, which also marks that blockchain technology is entering the stage
of global social and commercial applications with its own characteristics of decentralization, distributed storage and tamperability.
After further cooperation between South Korea and Bulgaria and strengthening the friendly cooperation between offshore finance, DSK bank took the lead in carrying out the "offshore plan - Offshore blan" to promote the improvement of the regulatory of
system of the global cryptocurrency market, have a stronger effect on cross-border remittance and offshore fnance, and build a digital economic alliance with borderless circulation of assets, open sharing of value, and of collaborative innovation of
industries.
DSK bank was established in 1951 to provide personal banking, corporate banking and private banking services for Bulgarian retail customers and enterprises. It is a subsidiary of OTP bank group, one of the largest independent financial services
companies in central and Eastern Europe. Headquartered in Sofia, DSK bank manages 93 branches, 100 subsidiary offhces, 119 bank offices, 9 regional centers, 20 business centers and 40 fnancial centers. In 2017, the bank's revenue was 476.9 million
lef, net income was 254.61 million lef, and total assets were 12.15 billiion lef.
DSK bank's offshore plan is to respond to the plan initiated by the two countries' previous fnancial cooperation and apply "blockchain to +" to the cooperation in diversifed business application scenarios such as digital assets, trade finance, online
payment, equity bonds, public notarization, Internet of things sharing, data security, etc.
