Korea-China Blockchain Ecology Summit Forum: LUIM Announcement
On September 10th, 2019 LIUM was officially announced at Korea-China Blockchain Ecology Summit Forum. The event was held at Spigen Hall in Samsung-dong, Seoul, South Korea and was attended by Korean and Chinese blockchain companies, start-ups, as well as by blockchain experts.
Abbreviation LIUM stands for “Liberation from Intermediation, Unchained Merit” and shows the aim of the project. It wills to create a completely new platform, covering all kinds of services. The platform will apply blockchain technology to protect users’ information, dramatically lower brokerage fees and make a trustful trading environment.
Whole presentation consisted of few parts. First two parts were devoted to problems existing in intermediary market and how LIUM can solve them by applying blockchain technology. In the next part vision and profit model of the project was discussed. In the last part presenter talked about LIUM’s progress history and shared some future plans.