Blockodyssey

About Blockodyssey

Blockodyssey, established in South Korea in 2018, provides enterprise-level blockchain solutions. The company was founded by Changhak Yeon, a KAIST graduate who started the venture with four colleagues in the winter of 2017 to enhance logistics processes through blockchain technology. Currently, the company is led by CEO Hacksun Hwang. Blockodyssey has secured substantial funding, raising $32.3 million from 13 investors, including notable names like Hana Ventures, CJ Investment, KB Investment, and Amorepacific Ventures.

The firm specializes in offering end-to-end blockchain services, which encompass consulting, custom infrastructure development, solution creation, and operational management. Blockodyssey's business model is centered on providing both ready-made products and tailored services to a diverse client base that includes financial institutions, public and medical institutions, as well as companies in the entertainment, manufacturing, and distribution sectors. Revenue is generated through the provision of these specialized blockchain solutions and ongoing managed services. The company has also engaged in acquisitions, having acquired Aegis Trading and EZS Trading.

Blockodyssey's product suite is comprehensive, featuring a Wallet as a Service for customized blockchain wallet development, Real World Asset (RWA) & Security Token Offering (STO) solutions for asset tokenization, and Supply Chain Management (SCM) for tracking distribution and logistics history. Additionally, the company offers an NFT as a Service platform for issuance and marketplace construction, an algorithm-based trading solution for institutions, and a cloud management platform for operational monitoring. A key technology is their digital signature-inserting QR code, which securely connects physical assets to digital data on the blockchain, initially developed to combat counterfeit goods. This technology has been applied in various collaborations, including projects with Amorepacific, SK Group, and NH Nonghyup Bank for a Central Bank Digital Currency (CBDC) pilot.