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South Korean technological holding SK Group has signed a Memorandum of Understanding (MoU) with blockchain software technology company ConsenSys for blockchain business cooperation, according to a SK Group official press release.

It is expected that the entity has partnered with ConsenSys in order to create and develop an enterprise a special blockchain development hub that would boost the creation of blockchain products.

It was also stated that The MoU is aimed at building an enterprise blockchain business model by using smart contracts. The new partnership will also include Ethereum blockchain technology education for Korean developers through ConsenSys Academy and SK Holdings C&C’s Tech Training Center

SK Holdings C&C is the information technology solutions division of the SK Group, one of the the largest tech conglomerates in South Korea.

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