Hanwha Asset Management is recruiting blockchain developers, including experts on the decentralized application (DApp) and smart contracts.

A Hanwha executive said the recruitment does not mean the asset management company would soon introduce blockchain platforms. “It may take time for financial companies to adopt blockchain, but we need to study the trend in the blockchain market,” he added.

Blockchain platform would enable financial companies to hold a lot of data, including contracts, allows groups to work together to meet common goals, and allows for easier verification and reduce settlement times