Bitfury Marks Korea Expansion, Appoints Eun Chul Lee to Head Operations

Bitfury Group, a Bitcoin mining giant and blockchain transactions processing company, has officially marked its expansion into Korea’s Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term market, by announcing the appointment of Eun Chul Lee to head its Korea operations today.

Lee is a technology expert, a seasoned IT manager and interestingly, a former Olympic gold medal winner. As Head of Korea, he will build business relationships in the country’s growing blockchain industry.

For more than 18 years, Lee has been the Korea country manager for various Silicon Valley firms such as WindRiverSystem, IP Infusion, Treasure Data, and Clustrix Inc. During his career, he has also founded two companies - SiliconValleyTech and IntelR.

At present, Lee is a member of Emercoin’s technical advisory council. In this role, he supports Emercoin Blockchain technology through promotion. Furthermore, Lee also helps to identify pilot projects that will improve the company’s systems and services.

Commenting on the appointment, Valery Vavilov, the CEO of Bitfury said: “We are thrilled to have Eun join Bitfury to lead our company’s growth in Korea — a significant and expanding part of the global blockchain market."

“Eun’s years of experience in technology management and his role on the Emercoin advisory council make him the perfect person to lead our growth there and build relationships with Korean businesses and government bodies.”

Eun Chul Lee’s Olympic career

As mentioned above, not only has Lee had an impressive business career, he is also a former Olympian. During his sporting career, he represented Korea in five consecutive Olympic games. In 1992, he won a gold medal for rifle shooting in Barcelona.

Speaking on his new role, Lee added: “I am excited to play a key role leading Bitfury’s business growth in Korea. Blockchain technology will fundamentally change many aspects of our society and may be the most transformative invention since the Internet. I look forward to bringing Bitfury’s state-of-the-art Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Blockchain products to new customers here.”