Metal Arts Company (MTRT)

[Capitalvaluetrade]

MTRT Aspiring Red Hat & Asian Expansion for Blockchain

It's not just a coincidence they may be going public imo

https://www.donga.com/news/It/article/all/20210115/104941846/1

Translated to English:
Medium, China's Peersafe to build ASEAN's largest trade finance trading platform

On the 11th, Medium, together with PeerSafe, a Chinese blockchain solution company, decided to expand and build the China Trade Finance Union blockchain platform (CTFU) of the China Banking Association (CBA) as a Korea-China trade finance trading platform. announced that a business agreement had been signed.

The signing ceremony was held online at the headquarters of both companies, and was attended by Panjong Kim, CEO of Medium, Yán ting, CEO of Peersafe, Jì chéng chén, CEO of Peercom, a subsidiary of Peersafe technology, and Zhang Feng, CTO.

Medium explained, “PeerSafe presented hyperledger-based high-performance blockchain technology that can expand the CTFU platform throughout ASEAN as a partner selection criterion.

Medium is a high-performance block chain 'MDL (Medium Distributed Ledger) infrastructure' for stable operation and scalability of the platform, 'technology exchange with Chinese companies' linking system integrators, and Korea's 'test bed' for global advancement in Asia. will play a leading role. It plans to form a consortium of the Bank of Korea to stably link Korea-China trade transactions worth 243.4 billion dollars (about 265 trillion won) per year, and to improve the cost structure of thousands and trillions of dollars that are excessively consumed in international trade transactions.

Kim Pan-jong, CEO of Medium, said, "As much as financial consortiums in mainland China, domestic commercial banks are already participating in the consortium, and the number is gradually increasing." I will do my best,” he said.

Peersafe is the only company that has obtained all three approvals from the Ministry of Public Security issued by the Chinese government: information security product sales license, commercial cryptocurrency product classification certification, and software provider qualification for central government agencies.

The CTFU, which is being built by Peersafe, is the largest trade in which 12 banks participated in the Consortium of Banks of China, including the world's largest Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China. It is a trading platform. This is a project triggered by a blockchain trade finance platform operated by China Construction Bank (CCB) since January 2018. Based on this, CBA announced the launch of the CTFU platform in December 2018, which will expand the trade finance platform of Construction Bank to all of China.


Currently, the CTFU platform has selected Korea as a base for Asian expansion. This project, called the China Korea Trade Finance transaction platform (CKTF), is the key to this project by PeerSafe, which has been leading the concept and operation plan of the platform and overall technology of the blockchain system since 2018. Medium, which specializes in blockchain technology, has been selected as a Korean technology partner.


https://www.bloter.net/newsView/blt202103010001

Medium launches a blockchain accelerator... "Write a success story that resembles Red Hat

According to data released by Fortune Insights, a market research firm in 2020, the global enterprise blockchain market is expected to grow by 38% annually and reach $21 billion (about 23.3 trillion won) by 2025. Based on high transparency and integrity, blockchain technology is expected to innovate infrastructure in various industries such as finance, manufacturing, medical, energy, and public sectors. While famous ICT companies such as IBM and Microsoft are already taking the lead in the market, there are start-ups that have cast their votes with unique technologies and strategies in Korea, attracting attention. That's Medium.

Medium is one of the few 'blockchain accelerator' development companies in Korea and abroad. A blockchain accelerator refers to hardware and software that increases the processing speed of a blockchain system. Currently, the most widely used 'Hyperledger Fabric' framework for enterprise blockchain solutions has an instruction processing speed (TPS) of about 3500 units per second. Medium is an explanation that it can implement up to 14,000 TPS (Korea Testing and Certification Institute), which is about 3 to 4 times faster than this, by using the independently developed MDL software accelerator. Based on the significantly faster processing speed, it is expected that the block chain can be used in large-scale services that were previously difficult to implement only with block chain, such as the integrated payment network between banks or the project to build a national-based system.

However, Medium's concern is that it was not easy to secure a market even with excellent technology. In general, large companies are more conservative in introducing new technologies. Pan-Jong Kim, CEO of Medium, said, "Blockchain is still considered a relatively new technology, and the technology verification process of companies that demand MDL performance was also difficult." In particular, as overseas business becomes difficult due to the different requirements of each company and the COVID-19 pandemic, Medium is making a single decision. The plan is to distribute the MDL software for free. Distributing software that has been researched over many years for free is actually a 'gambling' by anyone looking at it. It's like saying Microsoft is giving away Windows for free. CEO Kim said, "I was inspired by the successes of Red Hat in the past."

For readers' understanding, let's talk about Red Hat for a moment. Red Hat is the world's most famous open source solutions company. Before this company was born, no one thought that it was possible to make money with open source programs that were released for free. Red Hat has overturned this myth by exploiting a blind spot in open source. The strength of the open source ecosystem is that anyone can use it and anyone can contribute to its development. Conversely, the lack of stability and the difficulty in responding to problems immediately was the point that companies were most concerned about before adopting open source. With this in mind, Red Hat has achieved great success by offering a business model that distributes free enterprise open source products for businesses, but pays for further development or maintenance. In 2018, it generated annual sales of 3.5 trillion won free of charge, and in the same year IBM took over Red Hat for about 40 trillion won, surprising the world.

Medium expects that the same strategy as Red Hat will work in the enterprise blockchain market. Prior to this, Medium surveyed about 2,500 potential global customers in 2020. Based on this, we plan to distribute 15,000 TPS level MDL blockchain solutions for free to about 5,000 companies by the second half of this year.

CEO Kim said, "This decision will be a turning point for Medium." It is said that it has developed a separate solution for distribution considering the convenience of demanding companies. According to CEO Kim, the MDL solution for deployment supports both versions 1.4.x and 2.2.x of Hyperledger Fabric and can be installed in the cloud and on-premises.

In addition, it is possible to expand nodes according to corporate demand or to help distribute and link the chaincode (Smart Contract), to respond to distributed workloads based on Kubernetes and to implement DApps. Blockchain service development is possible. In addition, the solution for distribution is provided in the form of an 'Installer' that can be installed within about 10 minutes. Considering that it usually takes several hours or more to install a blockchain system and have an optimized environment setup, the time required for testing is dramatically reduced.

Medium has two consequences. If Medium goes as expected, it will be possible to generate stable revenue based on subscription fees for global demanding companies, just like Red Hat did in the past. In addition, if 'word of mouth' spreads through free distribution and discovery of success stories, a virtuous cycle effect can be expected in securing additional customers. Medium further plans to contribute to lowering the threshold for high-performance blockchain adoption in various fields such as global blockchain-based IT services, finance, medical care, and real estate.

CEO Kim explained, “Blockchain is fundamentally a technology of trust. And just as Red Hat and Cloudera in the big data field pioneered their own market, Medium is also aspiration to grow into a company that opens the '30 trillion won blockchain market era in 2030' predicted by Gartner.


*Just to give you guys an idea, Red Hat being acquired for 40 trillion won by IBM was $34.569 billion USD Dollars. That is precisely what MTRT is aspiring to be and some of you guys are watching the little one ticks down here on the OTC. GLTA

https://www.redhat.com/en/about/press-releases/ibm-closes-landmark-acquisition-red-hat-34-billion-defines-open-hybrid-cloud-future

Btw, If MTRT reaches even 5% of the Red Hat IBM acquisition market cap, then that is 1.72 billion and that puts this little dinky share structure (A/S 15M & O/S 13M) at 132 dollars PPS.