Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security

Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. 

According to the announcement on October 15, 2019, the two South Korean firms have partnered to boost Peertec’s infrastructure security using blockchain technology. The security of its GDAC cryptocurrency exchange and services is also expected to be strengthened. 

Peertec’s GROW service

The partnership is scheduled to propel the security of the node found on Peertec’s GROW service. GROW is a blockchain-powered derivate product that was availed on July 30. 

Precisely, it is the globe’s first-ever blockchain-enabled derivate product meant for tokenized asset management. 

Ash Han, Peertec’s CEO, illustrated his delight about the crucial partnership.

Han noted: 

“We are excited to cooperate with Penta Security, which is a well-known professional security services company that has 21 years of experience in the industry.” 

He also added:

“The security on the products and services that GDAC exchange and Peertec offer will be strengthened, building the level of trust in the cryptocurrency market, and keep users’ assets more safe and secure.”

On the other hand, Seokwoo Lee, Penta Security’s CEO, acknowledged that the company intends to create a sustainable and safe Decentralized Finance (DeFi) ecosystem.

Lee asserted:

“Through the partnership with Peertec, which is a company that is rapidly expanding and growing in the blockchain fintech industry, we will expand the scope of our security technologies to the blockchain industry.”

Penta Security has made a reputable mark as a professional security services company that avails services, solutions, and products for blockchain, Internet of Things (IoT), and enterprises. 

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