U.S. Markets closed

BOScoin, Queenbee, and PayExpress Signs Trilateral MOU

  • Queenbee Company has capabilities in spreading blockchain technology to the general public and facilitating industry application. With this MOU, Queenbee is expected to help vitalize BOScoin's ecosystem and contribute to business development

SEOUL, South Korea, Feb. 19, 2019 /PRNewswire/ -- BOScoin (CEO: Yezune Choi, Company name: BlockchainOS), Korea's first initial coin offering project implementing a new financing methodology, announced that a trilateral MOU with Queenbee Company (CEO: Ganghyuk Lee) which expertise is spreading blockchain technology and fostering related ecosystems, signed on last January 17 alongside existing partner PayExpress (CEO: Jaehyang Kim) which offers blockchain-based payment solutions.

Through this MOU, BOScoin will be able to provide technical assistance based on blockchain technology and connect its ecosystem to newly joining Queenbee Company's ecosystem which will increase reach and create increased synergies. PayExpress will provide a suite of financial services - blockchain-based payment service, loan services, mileage systems, global money services, etc.

Queenbee Company is an expert company on fostering ecosystems through service development, financing, marketing and specialty services. In addition, Queenbee supports stalled blockchain projects that face difficulty in infiltrating real industry areas. Oppositely reverse support like providing total solutions for conventional companies to easily adapt blockchain is also available.

Queenbee also has local and global experts on each industry sector in its advisory board. The advisory board enables Queenbee to offer a more strategic approach in entering the real economy and global financial market. Professor Giyoung Kim of the Department of Visual and Media Design at Sookmyung Womens University, Senior Vice President and Head of Capital Market Development Mohammed Nasser Ismail at Singapore Exchange Limited and former national soccer player, and Strategic Director Chun-soo Lee at Incheon United FC are members of the advisory board.

Queenbee Company CEO Ganghyuk Lee said, "We will work with BOScoin to implement blockchain in to everyday life based on our experience in serving as a bridge in ten areas like securities, education, offline distribution channels, franchise business, entertainment business, sports and more to create synergies with BOScoin's existing partners."

BlockchainOS CEO Yezune Choi expressed his expectations: "I consider the mutual efforts in fostering combined ecosystem with BOScoin, Queenbee Company and 20 industry partners very meaningful."  He also declared that, "We will not spare any effort in developing mainnet technology required by our partners and ecosystem members while striving to perfect service quality."

PayExpress CEO Jaehyang Kim said, "With the joining of the two communities -- tech and fintech savvy BOScoin with marketing and financing know-how rich Queenbee, PayExpress will provide blockchain based payment system and mileage services." He also added that, "The trio will complement each other, enabling the team to become a strong global player in the field of blockchain technology."

About BOScoin

BOScoin is a New Financing Methodology. BOScoin enhances the way Social Capital is used to create products and services on our platform by funding projects which are expected to add long term value to the entire network. We will provide a decidable and approachable framework for creating and executing smart contracts & decentralized applications on the blockchain called "Trust Contracts." The "Congress Network" is aimed towards creating a more democratic decision making process using homomorphic encryption, Human Identity Authentication, coupled with node rewards and a coin issuance schedule aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement consensus algorithm (ISAAC) will allow for up to 5000 tx/sec.

Cision

View original content:http://www.prnewswire.com/news-releases/boscoin-queenbee-and-payexpress-signs-trilateral-mou-300797788.html