Thu. Oct 6th, 2022

Busan Blockchain Venture Convention B-space said it will provide residential facilities and test bed infrastructure to companies operating blockchain-related businesses to help develop and revitalize services.

According to the company, B-space is located in the Busan International Financial Center (BIFC), the financial center of Busan, and provides various support and networking programs to strengthen resident offices and corporate capabilities of various sizes. In particular, it is characterized by establishing and operating a “test bed” space where blockchain-based services (such as Bapp) can be developed and tested without building a mainnet in the process of developing blockchain services.

In addition, the Busan Metropolitan Government and the Ministry of SMEs and Startups invested 3.5 billion won to foster industries such as blockchain regulatory freedom zones to create blockchain ventures and start-ups and discover promising companies.

Regarding the test bed facility, an official said, “At a time when the number of companies in demand for the introduction of blockchain technology is increasing, an environment such as test net for service development and test test verification is needed. If a test and verification system is established by providing a test bed of major domestic and foreign blockchain platforms for technology application, the initial development cost and time can be reduced.

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