NHN Cloud announced on the 11th that it has signed a memorandum of understanding (MOU) with the Bose Agora Foundation, a blockchain platform, to expand the use of blockchain networks and revitalize its business.

BOSAGORA is a decentralized public blockchain platform company that can implement a democratic decision-making process based on its own ‘Congress Network’. In 2017, it received attention when it completed the Initial Coin Offering (ICO) in Korea.

With this agreement, the two companies will push to expand the use of ▲Boss Agora blockchain network and virtual assets ▲Efforts to revitalize major businesses ▲Expand technical cooperation in the blockchain field.

NHN Cloud plans to increase the utilization of its partners’ NHN cloud infrastructure by providing NHN cloud platforms within the Bos Agora blockchain network by joining Bos Agora’s blockchain network. To this end, the company plans to offer discounts on NHN cloud service fees to its partners.

In addition, the two companies share their accumulated capabilities to revitalize the blockchain ecosystem. To this end, it will exchange infrastructure information and public-private cooperation networks, and conduct business cooperation with various users of the Bos Agora network.

“We are happy to sign a partnership with NHN Cloud,” a Bosagora official said. “We plan to establish an environment where Biznet participating companies can provide more stable and efficient service through cooperation with various companies with expertise and know-how.”

An official from NHN Cloud said, “We will continue to contribute to revitalizing the blockchain ecosystem by providing research and development-friendly cloud infrastructure to various blockchain-based partners.”