South Korean business conglomerate Hyundai Group is pushing blockchain adoption relentlessly through its largest and most lucrative business.

Hyundai Heavy Industries, which is the world's largest shipbuilding company with net profit of $2,4 million in the first three months of 2019, is going to use blockchain platform HiPRO. Hyundai is developing the platform internally, because they plan to manage the negotiation process, purchases, contracts, payments, factories, smart assembly and supply chain for shipbuilding materials. Together with tens of thousands of partner companies, the estimation is to process up to $6 billion on the platform per year.

Affiliate company Hdac Technology issues HDAC Coin cryptocurrency and according to recent information it wants to commercialize a new solution - blockchain as a service.

Meanwhile, South Korean Ministry of Science, Technology & IT and the government-run Korea Internet Development Agency (KISA) are preparing to assess 15 pilot public and private blockchain projects on a Blockchain Tech Biz conference in Seoul, where representatives of all the projects will speak. The Ministry said in the past, that blockchain technology would be used widely by masses.

Bridget Van Kralingen, vice president for several global industries, explains the advantages of blockchain technology in marine shipping: “Data of 50 % of the containers in global marine shipping will be on blockchain, co-developed with Maersk. Advantages of tracking shipments through blockchain will on one hand reduce costs for all the participants and on the other inclusion and cooperation of partners, process acceleration and new opportunities for data analytics.”