NH Nonghyup Bank announced on December 8 that has joined R3CEV, the world's largest block-chain consortium.
R3CEV is a consortium of global financial companies with a focus on R3, a Blockchain technology developer which is developing and testing systems that can apply Blockchain technology to financial services.
NH Nonghyup Bank will also enhance Blockchain technology and present a pilot model with technical partnerships with fintech companies experience in commercializing Blockchain technology.
"We welcome NH Nonghyup Bank to the consortium," said David Rutter, chairman of R3CEV.
"We will acquire technology by joining the consortium and apply it to various sectors of NH Nonghyup Bank such as the financial and economic sectors," said an official of NH Nonghyup Bank.