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Bloom Technology Partners Up with Myung Shin to Develop a Web3 Smart Mobility Platform

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Seoul, South Korea–(Newsfile Corp. – January 19, 2023) – Bloom Technology, the developer of the next-generation blockchain platform Locus Chain, entered into a strategic partnership with Myung Shin, an auto parts manufacturer that implements a hybrid hot stamping method to supply automotive body parts to global car manufacturers.

Myung Shin’s primary business is consignment production, development, manufacturing, and supplying car body parts of electrical vehicles to leading global automotive manufacturers. From 2016 to 2019, Myung Shin’s annual revenue growth averaged 61%, grossing 2 billion USD in revenue as of 2022.

Myung Shin and Bloom Technology agreed to co-develop the Web3 smart mobility platform based on Locus Chain.

Locus Chain, a brainchild of Bloom Technology, is a public blockchain of the next generation that solves performance and scalability issues while maintaining full decentralization. The small size of a node in the Locus Chain network enables running the blockchain even on IoT devices where maximizing performance while maintaining the size of the application low is critical.

The technology has found extensive applications in industries requiring heightened traceability and transparency, such as smart cities, transportation, smart mobility, and video games. In December 2022, Bloom Technology launched the first serverless online game, “Kingdom Under Fire: War of Heroes,” on Steam with the application of Locus Chain.

Through the partnership, Myung Shin and Bloom Technology take aim at revamping the smart mobility industry, traditionally gatekept by the entrenched manufacturing process and hardware-software bottlenecks.

CEO of Bloom Technology Sang Yoon Lee on the left, Chairman of Myoung Shin Co., Ltd Tae Kyu Lee on the right

Tae-Kyu Lee, Chairman of Myung Shin, said, “The automobile industry centered on internal combustion engine is shifting to eco-friendly energy utilization and 5G communication-based connected mobility, and automobiles are evolving into a complex space where various contents are experienced, moving away from the existing run-off-the-mill means of transportation. We intend to actively respond to the automotive industry transformation by linking Bloom Technology’s outstanding software technology and development capabilities to our company’s hardware development and production technologies that have been competitive for many years.”

Sang-Yoon Lee, CEO of Bloom Technology, mentioned, “As one the lightest and most scalable high-speed blockchains on the market today, Locus Chain is a blockchain that can be used most efficiently when the industrial environment migrates to the Web3 environment. Locus Chain maintains full decentralization, which is especially relevant in the smart mobility sector where vast amounts of data are created and transferred between the network actors.”

Contact: 
Business Development Manager at Bloom technology: David Wang
[email protected]

Website: https://www.locuschain.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151873

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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