Through its IT subsidiary LG CNS, the company will implement the technology within one of its employee cafeterias.
South Korea is committing to supporting blockchain technology and will issue a $3 million grant to support up to 9 companies building blockchain solutions.
A week that has seen some of the biggest companies in the world taking to blockchain, from LG to Mitsubishi and Lamborghini as more wallets chose BSV
The South Korean consumer electronics giant filed for trademark protection with USPTO on July 2, in respect of a “ThinQ Wallet” trademark.
LG Uplus is set to test a blockchain-based payment services solution that will be available to travelers visiting other countries. If the trials go well, the platform could be launched sometime during the first quarter of next year.