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ReapChain Official

[News]ReapChain, Seoul National University’s Distributed Systems Lab, Joint Research and Development

The Internet of Things (IoT) blockchain mainnet project, ReapChain, announced on the 12th that it has signed a joint R&D contract to advance the two-way consensus algorithm (PoDC) in cooperation with the distributed system laboratory of Seoul National University.

The contract ceremony held at the ReapChain Seoul office on the 11th was attended by ReapChain CEO Jeong-han Lee, Vice President Kim Doo-sik, Director Kim Seong-jin, and Professor Eom Hyun-sang of the Department of Computer Science and Engineering at Seoul National University.

Prof. Hyeonsang Eom is attracting domestic and international attention, such as receiving the Best Paper Award at the 2017 Cluster Society, hosted by the American Institute of Electrical and Electronic Engineers (IEEE), a world-class conference in the field of high-performance computing and distributed computing.

ReapChain and Seoul National University’s lab have decided to research a blockchain with advanced functions and stability such as:

- Stand-alone PoDC consensus module & Qmanger basic function implementation work.
- ReapChain protocol function matching completion and performance evaluation.
- Full node response failure handling and performance security, etc. did.

CEO Lee Jeong-han said, “We are pleased to promote strategic alliance with Seoul National University, the best university in Korea to promote the advancement of PoDC technology, which is considered the core of ReapChain.”

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ReapChain aims to establish a safe and transparent IoT ecosystem based on blockchain by utilizing the technology for the entire endto-end section of the IoT industry.

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