[News]ReapChain signed a business agreement to revitalize the Daegu shinmae market

ReapChain(REAP)
ReapChain Official
Published in
2 min readDec 8, 2020

ReapChain, a subsidiary of LN Venture Group, has signed a business agreement and MOU with the regional leading fostering project group of Shinmae Market, a traditional market located in Suseong-gu, Daegu, to develop and activate a shopping platform.

Through this agreement, ReapChain solves the weakness of the traditional market, the mobile order/payment system, with the untact delivery platform “Jangboda”, which adds security and transparency through the application of blockchain technology of its affiliate ReapChain. The policy is to cooperate for activation.

“Jangboda”, a traditional market O2O platform that ReapChain, is developing, allows non-face-to-face orders, payments, delivery, and plans to link various payment methods such as up to 10% discount when paying with Onnuri Mobile gift certificates and simple application payment.

Lee Jung-han, CEO of LN Venture Group, said, “If you can use modern payment methods in the traditional market, your competitiveness will improve even more.” “We are pleased to be able to provide the service.”

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