On November 23, 2018 Neironix has signed the agreement with Paxnet about the franchise for South Korean market.
South Korean company Paxnet, which belongs to the group KMH co ltd., develops the global cryptocurrency and blockchain ecosystem within Paxnet 360 programme, which includes eight areas. Under the agreement with Neironix, the latter will solve the problems in two areas- Сryptocurrency Research Center and Implementation of Artificial Intelligence, financial engineering, Big Data.
Paxnet is the leader of South Korea in the sphere of production and broadcast of various types of content, including news. Being a large Asian company, in the nearest time Paxnet is planning to enter also the western market in order to compete with such giants as NBC, FOX, CBS. The analytical agency Neironix together with other tasks will provide timely and actual analytics about cryptocurrency and blockchain world so that giving such a union the competitive advantage over other economic observers.
The implementation of the agreement is going to be franchise based with the names of both companies within South Korean market. According to the agreement, Paxnet will be an official representative of Neironix in South Korea, that coincides with the news previously announced in the agency.