LINE to Build Blockchain-Based Token Economy
Main page News, Blockchain, Japan
Hot topic
23 April

Japan-based messaging app LINE is working on building a blockchain-based token economy, LINE Corporation’s Chief Technology Officer Euivin Park said at 2018 DEV WEEK in Seoul, which saw 1,000 developers from around the world gathering in Seoul.

“LINE will go even further, with plans to support accelerating the development of dApp services outside of the LINE platform and develop its own blockchain mainnet in the near future, Park said.

To achieve this, LINE is actively setting up developer bases and speeding up talent acquisition in other regions, as well as adding to unblock and Blockchain Lab in Korea and Japan.

"The outstanding abilities and determination of LINE's developers have played an indispensable role in creating LINE’s industry-leading services and reliable reputation," said Euivin Park.

The plan is part of Line’s technology roadmap for 2018.

The move aims to build upon Line’s existing efforts in the blockchain space. In late January, the company announced the launch of a new fintech subsidiary, Line Financial Corporation, to provide, among other things, virtual currency services via the Line Pay mobile product.

By Siranush Ghazanchyan

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