Streami: Do Good, Strive for Excellence, Lead the Blockchain Revolution

The ever-increasing popularity of blockchain can be gauged from how financial institutions across geographies have developed a plethora of use cases around it. With an imminent legislation to institutionalize cryptocurrencies such as bitcoin and ethereum on the anvil, South Korea is being dubbed as the “Go to FinTech hub in East Asia” with a specific focus on blockchain technology. Seoul-based Streami has rapidly emerged as a competent FinTech startup that is pioneering this marked shift from traditional finance to blockchain technologies that help incorporate efficiency and openness into an opaque system. With a seed investment from Shinhan Bank, the largest national bank in Korea, Streami began delivering a suite of services— Streamwire, GOPAX and Cryptopic—with a focus on extending the scope of digital currency solutions and providing more affordable and responsible financial services.

Streami endeavors to foster responsible innovations in the cryptocurrency ecosystem. Junhaeng Lee, Streami’s Co- Founder and CEO, emphasizes that “blockchain can make the world better only if the leading actors are responsible for its social consequences.” To this end, the company has developed StreamWire, a public blockchain-based remittance service for financial institutions. A key principle of the product is to introduce blockchain innovation in a way that is consistent with the existing regulatory framework. For its institutional clients and mainstream users keen on gaining access to cryptocurrencies, StreamWire offers a compliant solution that conforms to AML/CTF regulations. Streami also launched Cryptopic this August, as a method of delivering critical information for investing in cryptocurrencies to protect investors from fraudulent actors. The project hopes to create a community where users in Korea and beyond can discuss various ideas and sense the mood of the market.