LG Electronics Heavyweight to Set Up New Brands in Blockchain, Promoting “Fourth Industrial Revolution”

The subsidiary of the LG Corporation, LG CNS intends to develop in brand new technologies– Blockchain, artificial intelligence, Internet of Things, smart city and others

Thu, 23/08/2018 - 15:40

LG Electronics Heavyweight to Set Up New Brands in Blockchain, Promoting “Fourth Industrial Revolution”

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The subsidiary of the LG Corporation, LG CNS intends to develop in brand new technologies– Blockchain, artificial intelligence, Internet of Things, smart city and a few others, whose importance is growing already these days. The company is, reportedly, to set the promotion of the fourth industrial revolution as its mission.

The new intended brands will have a similar design but, naturally, differ in names and are expected to provide “efficient digital transformation of customer business”– their press release says.

Besides, by late 2018, LG CNS plans to release its own cloud platform.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.