Fantom Partners with Hancom Secure to Further Develop IoT Infrastructure

We’re happy to announce our new partnership with Hancom Secure, a leading provider of security software and integrated IT solutions in Korea.

For over 20 years, Hancom Secure has been a market leader of PKI encryption and authentication and, among other achievements, developed Korea’s first online banking system. It employs experienced specialists across numerous industries and is recognized both in private and public domains as an early adopter and supporter of innovative technologies.

Our partnership with Hancom Secure will serve two aims: first, to allow Hancom Secure to explore and develop blockchain solutions through the Fantom Project, and secondly to allow Fantom to access and incorporate Hancom Secure’s blockchain security technology.

The blockchain promises direct and secure (disintermediated) connections across an infinitely sized network. We’re nearing that goal, but we’re not there yet. More than the scalability issue — which we’re solving with our DAG-based platform — there are security concerns. Security is particularly paramount when we talk about IoT and many devices processing micropayments in real-time.

For IoT manufacturers to integrate with Fantom, we need to build an IoT infrastructure that is as secure as it is scalable.

Together with Hancom Secure, we’ll continue our work in developing a blockchain-based smart city. As always, our aim is in delivering blockchain-based IoT from the conceptual into the real-world, ushering in a secure and scalable IoT infrastructure that will change the way we interact with our devices.

**A technology’s potential, no matter how tantalizing, is not enough to convince people to embrace change. Concrete applications and examples are needed.**

Our partnership with Hancom Secure allows us to realize our aspirations for the Fantom ecosystem: an inclusive and comprehensive ecosystem capable of plugging into many industries across the world, to change the face of finance and, through smart contract-based micropayments, the relationship between companies and their customers.

Our partnership also recognizes the need for collaboration in realizing a blockchain-based future. Whereas we provide the platform and ecosystem, our partners help us learn and match Fantom with real-world use-cases, to positively disrupt established markets and industries.

Fantom was conceived as a ‘beyond blockchain’ solution, but there’s still much we can learn from others. The evolution of an innovative technology doesn’t occur in isolation; it’s the cumulative result of many projects working together, uniting their best talents, and pursuing with equal conviction a shared vision.

IoT is a big part of that vision. We strongly believe that DLTs are the answer to an IoT future, in which connections remain secure, transparent, and direct even as they scale to match mass-market demand.

Stay tuned for more exciting announcements about Fantom and its vision for IoT, or join us on our social channels to receive live updates and become part of the journey.

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