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Funet's Game-Changing Innovations at CES 2025

At CES 2025, Leadpoint System made headlines by being recognized as an Innovation Awards Honoree in the Fintech category. This accolade was made possible through its cutting-edge Funet v2.0, a revolutionary blockchain mainnet platform that introduces an innovative randomized, non-competitive consensus algorithm. This groundbreaking technology is game-changing in the fintech sector, promising to deliver unparalleled energy efficiency and robust security in digital transactions.

A Breakthrough in Blockchain Technology

The Funet v2.0 leverages a novel approach to consensus, veering away from traditional Proof of Work (PoW) and Proof of Stake (PoS) models by incorporating a randomized node selection process. This not only ensures fairness and true decentralization but also eliminates collusion among nodes and reduces unnecessary energy consumption. With a staggering capability of processing up to 15,000 Transactions Per Second (TPS) and generating 16 blocks per second, Funet’s mainnet sets a new benchmark for blockchain systems.

Tailored for modern financial needs, the Funet platform seamlessly integrates with Security Token Offerings (STO), Central Bank Digital Currencies (CBDCs), and NFTs through a compliant REST API. Moreover, its advanced Decentralized Identity (DID) features enhance data privacy and trust, allowing for secure data management in an increasingly digital world.

Bridging the Gap between Digital and Physical Assets

Beyond purely financial applications, Funet v2.0 positions itself as a versatile tool across various sectors, including government administration and public services. The platform’s collaboration with the Korea Securities Depository served as the launchpad for a blockchain-based STO pilot program, paving the way for innovative asset issuance and management methods.

Moreover, Funet's transparent transaction tracking capabilities play a crucial role in asset management, aiding in the prevention of errors and ensuring operational efficiency—a feature that is indispensable in the financial landscape today.

Proven Success in Public Sector Projects

Leadpoint System has showcased the utility of Funet’s mainnet in various public initiatives across South Korea. By facilitating the management of over 1.5 billion records annually in areas such as medical data and childcare, Funet is actively contributing to the minimization of duplicate payments and the generation of over 10 million blocks each year. The platform is also integral to national projects, including enhancements to the electronic notarization system led by the Ministry of Justice.

Furthermore, the Funet technology has proven its scalability and robustness through diverse applications, including its role in environmental initiatives and integrated membership services, demonstrating that it is not just a financial tool but a solution poised to impact multiple industries positively.

Recognition and Awards

Leadpoint System's preeminence in blockchain innovation is underscored by its impressive credentials, including a BBB rating from Korea Rating Data in a mock technical evaluation and the possession of nine core blockchain technology patents. The company's efforts have been celebrated with numerous awards, such as the 2023 Blockchain Innovation Product Ministerial Award and the First-Grade Good Software (GS) Certification. The recognition garnered at CES 2025 for Funet’s tech further solidifies its status as a leader in the blockchain realm.

Eunju Baek, CEO of Leadpoint System, emphatically remarked, "Receiving recognition at CES for our Funet mainnet technology is an incredible honor. This achievement validates our innovations' potential to revolutionize the global blockchain and Web3 ecosystems. Our commitment to developing advanced blockchain solutions and services remains steadfast."

About Leadpoint System

Founded in 2008, Leadpoint System blends over a decade of IT experience with pioneering blockchain and AI technologies. Since 2017, it has redefined innovation in blockchain, consistently delivering high-quality solutions to the finance, public services, and manufacturing sectors. The company continues to push boundaries, leveraging its innovative capacities to deliver exceptional outcomes across diverse industries worldwide.