Business Wire

NuriFlex Inc. and LINE Plus Corporation Sign MoU for Central Bank Digital Currency (“CBDC”) Projects

Share

NuriFlex Inc. (“NuriFlex”) announced that it has signed a memorandum of understanding (“MoU”) with LINE Plus Corporation (“LINE”), and the two companies intend to collaborate in the Central Bank Digital Currency (“CBDC”) platform business in various regions, including but not limited to the Caribbean, South America and Africa.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210527005334/en/

One of NuriFlex’s business specialties involves the design and development of a blockchain-based platform to offer digital payment and other services for various industry sectors. NuriFlex is currently participating as a main technical partner for the national health coverage system in Cameroon, known as the UHC Project, and it is in several discussions with other partners in Africa to launch other services based on blockchain technologies.

For the last 20 years, NuriFlex Group has focused on the development of a software platform capable of processing a large volume of data, and implemented such a platform to global utility companies. Combining these experiences with blockchain technology, NuriFlex intends to work with a very reputable global partner, LINE Plus Corporation, on global CBDC projects that require a platform that can handle vast volumes of data.

LINE Plus Corporation, the Korea-based subsidiary of LINE Corporation leading LINE’s global business development, has been researching, developing, and operating blockchain-related services including a CBDC blockchain platform with a dedicated blockchain engineering team. Based on LINE Blockchain technology and experience in participating CBDC projects, LINE aims to provide a blockchain platform solution that is the right fit for each CBDC project.

“We are excited to partner and collaborate with LINE on CBDC Projects. The blockchain technology experience and business development capabilities that NuriFlex and LINE bring together will be a great advantage to successfully accomplish CBDC business opportunities,” said Elizabeth Park, Chief Executive Officer of NuriFlex Inc.

“With NuriFlex’s business experience in the region and LINE’s blockchain technology, we hope to bring financial innovation in the Caribbean, South America and Africa with a CBDC blockchain platform,” said Hongkyu Lee, Lead of Blockchain Lab at LINE Plus Corporation.

About NuriFlex Inc.

NuriFlex Inc. is a digital transformation company that provides convergent solutions to address poor efficiency and improve transactional yields in various industries. NuriFlex Inc. offers robust and reliable products and services based on its core telecommunication & blockchain technologies. Learn more at www.nuriflex.com.

About LINE Plus Corporation

LINE Plus Corporation was established in March 2013 in South Korea as a subsidiary of LINE Corporation. It supports LINE’s global business development with programmers, designers, marketers, sales personnel and PR managers from around the world working together.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

NuriFlex Inc.
Elizabeth Park, CEO
ir@nuriflex.com
www.nuriflex.com

LINE Plus Corporation
Sun Hwangbo, LINE Global PR
dl_gpr@linecorp.com
www.linepluscorp.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

National Arena Bucharest Completes Fast-Paced Addition of LED Stadium Lighting for UEFA EURO 202022.6.2021 15:00:00 CEST | Press release

In preparation to host UEFA EURO 2020, National Arena Bucharest has been fitted with a state-of-the-art LED lighting system – a project that was designed, shipped, and installed in just two months. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210622005161/en/ National Arena Bucharest Completes Fast-Paced Addition of LED Stadium Lighting for UEFA EURO 2020 (Photo: Business Wire) The new LED lighting was installed to augment the stadium’s existing metal halide lights, in order to meet television broadcast standards set for by UEFA for the global event. The new lighting was designed and engineered by Musco, utilizing its Total Light Control—TLC for LED™ system. “We are now sure that we will have a spectacular EURO,” said Florin Sari, Leader Local Organizing Structure EURO 2020 Bucharest. “The win will be a stadium that will be able to host any kind of top competition from now on also.” Equally impressive as the new system’s t

Mavenir and MobiledgeX Enable Global Edge Connectivity With Deutsche Telekom22.6.2021 15:00:00 CEST | Press release

Mavenir, in collaboration with MobiledgeX and Deutsche Telekom, have demonstrated and validated the reference design for deploying cloud-native 5G User Plane Function (UPF) to support Multi-Access Edge Computing (MEC) applications, tailored to each use case need for proximity and performance. The reference design is fully cloud-native, abstracted away from underlying cloud architecture, infrastructure vendor and operating owner. “We are excited to partner with Mavenir and MobiledgeX to demonstrate dynamic cloud-native deployment of 5G Core UPF for users where it is needed. The UPF can run inside the operator’s owned network, inside a private 4G/5G network, inside the roaming network, or in the public cloud. The ability to dynamically and seamlessly orchestrate traffic across our own footprint and the footprint of others opens up the possibility for new connectivity solutions for customers,” says Alex Choi, SVP Strategy & Technology Innovation, Deutsche Telekom. A service-based, cloud-n

MulteFire Alliance (MFA) Simplifies Path to 5G Private Network Deployment for Enterprise22.6.2021 14:00:00 CEST | Press release

MFA (MulteFire® Alliance), an international organization dedicated to enabling industry verticals to deploy private cellular networks globally, today announced its expanded mission to enable 5G private networks in unlicensed, shared and locally licensed spectrum by providing guidance to enterprises seeking to deploy their own network. Leveraging existing 3GPP 5G specifications, MFA will deliver Uni5G Technology Blueprints to industry verticals. These blueprints will help enterprises select and implement the key features from the 3GPP standards that are relevant to their specific deployment. MFA will also develop best practices and deployment guides, including industry resources on understanding all available spectrum options for 5G private networks. The first Uni5G Technology Blueprint will be available in Q4 2021. According to a recent industry report by ABI Research, the total addressable market size for 5G and 4G/LTE private network equipment for Industry 4.0 use cases will reach ~$

Avania Acquires IMARC, Global Medical Device CRO22.6.2021 14:00:00 CEST | Press release

Avania, a leading global medical technology CRO, today announced its acquisition of IMARC, a highly respected medical device CRO headquartered in Strongsville, Ohio and providing service throughout the United States. IMARC brings more than two decades of full-service clinical research oversight to its clients, including monitoring, auditing, safety, data management, and training. “At Avania, we are focused on building a high-quality, full-service specialist medical technology CRO with global reach,” said Avania CEO Sapna Hornyak. “We are delighted to welcome the IMARC team, with whom we have had the pleasure of collaborating for some time. They bring a great commitment to client service and outcomes and allow us to offer our clients additional depth and strength in the United States, complementing our existing global operations perfectly.” IMARC clients will benefit from Avania’s extended international footprint, gaining access to the company’s extensive network in the EU and Australia

Philip Morris International Relocates Corporate Headquarters to Connecticut22.6.2021 13:30:00 CEST | Press release

Philip Morris International (PMI) (NYSE:PM) today announced the relocation of its corporate headquarters to Connecticut from New York. The move, which was facilitated with the support of Gov. Ned Lamont’s office, will bring approximately 200 jobs to the state—providing a boost to the state’s economy. The new headquarters is expected to be operational by summer 2022. “Connecticut offers a valuable mix of technological know-how, future-forward thinking, and an open-minded approach to problem-solving,” said Jacek Olczak, CEO of PMI. “We consider it an ideal location for our new U.S. head office, where we will be working to more quickly achieve our vision of a smoke-free future. We are excited about what the state has to offer our company, our employees, and their families—and we very much look forward to integrating into the community in a meaningful way.” “We are amid a profound transformation at PMI,” continued Olczak, “and our new base in Connecticut will serve to accelerate our progre

Schlumberger Announces Commitment to Net Zero by 205022.6.2021 13:00:00 CEST | Press release

Schlumberger announced today its commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050. Guided by climate science, Schlumberger has spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan is focused on reducing Scope 1, 2 and 3 emissions across the oil and gas value chain—including the introduction of its Transition Technologies portfolio to assist its customers and the wider industry in their decarbonization commitments. Schlumberger is committed to getting to net zero, using 2019 as a baseline year, supported by a comprehensive near-term emission reduction roadmap and interim targets: By 2025, a 30% reduction in Scopes 1 and 2 By 2030, a 50% reduction in Scopes 1 and 2; 30% reduction in Scope 3 By 2050, Net Zero, with minimal reliance on offsets Along this journey to net zero, Schlumberger will ensure transparency in alignment with the Task Force on Climate-related Financial D

Velodyne Lidar, MADD Partner to Advance Understanding of Autonomous Vehicle Technology22.6.2021 12:48:00 CEST | Press release

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced it is partnering for the third year with Mothers Against Drunk Driving (MADD) on a public education initiative, focusing on the safety benefits of autonomous vehicle technology. The Velodyne and MADD partnership includes educational programs, awareness campaigns and co-sponsored events to continue to build public acceptance of autonomous technology with the goal of reducing and eventually eliminating impaired driving collisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210622005138/en/ Velodyne Lidar announced it is partnering with Mothers Against Drunk Driving (MADD) on a public education initiative to build public acceptance of autonomous vehicle technology with the goal of reducing and eventually eliminating impaired driving collisions. (Graphic: Velodyne Lidar) To celebrate the third-year together, Natasha Thomas, MNM, Executive Director, MADD Northern Cali

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom