Blockmason, a leading developer of foundational, base-layer blockchain technologies, and Glosfer Co. / HYCON (“HYCON”), a prominent developer and operator of next-generation blockchain systems and distributed applications, today announced the signing of a Memorandum of Understanding (“MOU”) and collaboration to advance the blockchain-based software development industry. Per the terms of the MOU, the companies are aiming to reduce the barriers faced by developers and users of decentralized applications (“DApps”).
“We are excited to partner with HYCON, one of the most innovative blockchain technology companies in our space today,” said Michael Chin, CEO of Blockmason, continuing that “together, we will work to help improve how developers build and scale their DApps.” Taewon Kim, CEO of HYCON, shared that “Link is an important project that can shape the future of blockchain development. We believe that Link’s technology may be adopted by government projects that we are working on, and potentially introduced into postgraduate education so students can learn how to use Link to reduce their development time.”
Blockmason’s Link is a new blockchain infrastructure-as-a-service that allows blockchain-based developers to use programmatic blockchains in their applications without requiring any blockchain experience. With Link, developers can create applications that interact with smart contracts and blockchains like any other web or mobile API. A developer simply adds their smart contracts to Link and uses the resulting APIs in their game or app. At the heart of Link is BLINK, the utility token which provides Link users with API transaction capacity.
HYCON is a digital asset built on top of Infinity, launched with the goal of providing a fast, secure, scalable and user-centric blockchain ecosystem ready for mass adoption. Using a Directed Acyclic Graph (DAG) structure, it can publish several blocks simultaneously with the ability to resolve conflicting transactions and reject double-spends through the SPECTRE consensus algorithm. This makes HYCON a next-generation blockchain usable in the real economy.
To learn more about the Link project, visit https://blockmason.link. To learn more about HYCON, visit https://hycon.io.
About Blockmason
Blockmason is a world-class developer of blockchain technology, focused on building the foundational base-layer frameworks that support the blockchain revolution. Their first product, the Credit Protocol, provides a standardized, secure and reliable means for recording and permanently storing mutually-confirmed debt or credit obligations on the blockchain. Link, their latest innovation, simplifies development, improves user experience and increases the adoption of decentralized apps. To learn more about Blockmason, visit https://blockmason.io.
About HYCON
HYCON is the digital asset built on top of a faster and more scalable blockchain developed by Glosfer, one of South Korea’s leading blockchain companies. Using a Directed Acyclic Graph (DAG) structure, it has the capability to publish several blocks simultaneously with the ability to resolve conflicting transactions and reject double-spends through the SPECTRE consensus algorithm. The company has already landed various government contracts, including helping to make a local currency for Nowon suburb in Seoul. To learn more about HYCON, visit https://hycon.io.
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