Online bookstore Yes24 embarks on build-up of a dedicated blockchain network
Online bookstore Yes24 embarks on build-up of a dedicated blockchain network
  • Jason Kang
  • 승인 2018.12.13 14:37
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Online bookstore Yes24 is taking one step deeper in the blockchain and crypto-currency market.

Yes24 said today that it has signed a MOU (memorandum of understanding) with Israel-based blockchain platform provider Orbs to cooperate to develop a blockchain main net.

The announcement comes on the footstep of its issuance of crypto-currency token ‘sey’, demonstrating the company’s strong intention to diversify its business line into the yet uncharted crypto-currency market.

Under the terms of the agreement, both of the companies will jointly embark on the development projects of a digital contents-dedicated blockchain main net, which will shape up as a main platform to create its own ‘sey’ ecosystem. 

In a bid to speed up the penetration of digital contents, Yes24 issued Ethereum ERC-20-based crypto-currency ‘sey’ in August 2018 and then has mainly book authors and readers use the crypto coins on its digital contents platform ‘

To accelerate the commercial use of the ‘sey’ tokens as a digital currency to buy movie premier or musical theater tickets and join a lottery or draw for gift vouchers, the company also opened a dedicated token mall ‘’ in November.

Orbs is a R&D subsidiary of Israel’s blockchain-dedicated Hexa Group that offers a hybrid blockchain platform.

Kim Seok Hwan, CEO with Yes24 said, “With the launch of the blokchain main net, we aim to recreate ourselves as an innovative digital contents platform.”


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