The two companies plan to utilize their proprietary technology and infrastructure to build a new blockchain ecosystem in the domestic healthcare industry, thereby boosting the industry as a whole.
Sigmachain (Futurepia) is a blockchain technology development company providing various solutions to local and foreign businesses. The company was founded by Kwak Jinyoung, the core developer of the famous Korean social network, Cyworld. Futurepia has proven to be quite promising as it has already won the “Most Innovative Blockchain Award” during the Leadership Blockchain Conference in Switzerland.
PharmNews is a specialized magazine in the health care industry. The employees are making great efforts to deliver rapid and accurate information on medicine and public health through on and off line mediums.
During the MoU signing ceremony, Kwak Jin-young said, “This MoU will lead the domestic pharmaceutical industries to be deployed on a blockchain platform. Also, the amalgamation of Sigmachain and health care is a serendipitous moment for local companies to be the pioneers in bringing improvements on medical businesses through blockchain.”
PharmNews CEO, Lee Seok Hoon, said, “As Sigmachain’s tech has already been recognized worldwide, we expect to create synergies by taking advantages of the experience of both companies” He further added, “In the domestic healthcare industry, we will focus on eliminating the existing limitations by combining blockchain technology with various unresolved areas”.
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