Originally published on steemit.com on 13 January 2018.
Seoul, Korea — JANUARY 13, 2018 — Block.one, a leader in developing blockchain software solutions, has announced today that Richard Jung, former CEO of BTC Korea (widely known as Bithumb), has joined Block.one to lead development of the EOS.IO community in Korea.
Before Bithumb, Jung served in senior executive positions for Alibaba’s payment arm Alipay, and Tellabs. He also previously held executive positions with LG DACOM and Merrill Lynch. At Bithumb, Jung oversaw new fintech products and service development in Asia, with a focus on cryptocurrency, blockchain, mobile payment and O2O projects. Bithumb transactions surpassed US $6 Billion in 2017.
“I want to be part of a global game changer, and EOS is the type of innovative technology and, critically, correct decentralized trust model to scale its open-source software and do big things,” said Mr. Jung. “EOS is designed to be the currency of value exchanges to help any blockchain company or user to build their own business model. That is why it has chance to win and that is why I am excited to join.”
“Korea and its leading technology infrastructure is incredibly important to the blockchain community and Richard has been instrumental in the technological development here,” said Brendan Blumer, Block.one CEO. “We look forward to tapping into his experience running high-tech businesses as we partner with Korean companies and developers to build transformative applications for the EOS platform.”
Block.one is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.IO software. For more information visit block.one.
Published by block.one, the EOS.IO software introduces a new Blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a Blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.The EOS.IO GitHub repository is available here. For more information, please visit the EOS.IO website and resource.
block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.
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