An A grade from an external assessor - and what the assessors singled out
PARAMETA has been recognized for the excellence of its technology, earning an A grade in the mock technology assessment for KOSDAQ technology special listing.
Particularly strong marks for technology maturity and competitive advantage, and for the caliber of its technical staff
Technology special listing is a scheme that helps promising technology companies list on KOSDAQ through a technology assessment by an external verification body. PARAMETA took part in the mock assessment consulting program supported by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), receiving an A grade in the mock technology assessment from eCredible, a technology assessment body designated by the Korea Exchange.
In the assessment opinion, PARAMETA scored particularly well on maturity — an indication of how far its technology has progressed — and on competitive advantage, which encompasses technology development, awards and certifications, and R&D investment. The expertise of its senior management and its many technical staff, along with the standard of its technology management, were also recognized as outstanding.
Recognized for building and strengthening market awareness through the release of the PARAMETA Framework, which supports mainnet development, and the launch of PARAMETA Service for an easy and straightforward Web3 transformation
Since its founding in 2016, PARAMETA has continuously developed blockchain core and applied technology and deployed it across industry, earning recognition for its technology and expertise through numerous successful cases. It obtained a GS Certification Grade 1 for its blockchain core engine loopchain and won a top award at the Korea Software Product Quality Awards. Through MyID, its DID identity verification platform designated as an Innovative Financial Service by the Financial Services Commission, it achieved Korea's first commercial deployment of DID in the financial sector — demonstrating both the necessity and the excellence of blockchain technology.
PARAMETA has also worked to build and strengthen market awareness, unveiling the PARAMETA Framework for mainnet development in June last year and launching PARAMETA Service this month, which enables an easy and straightforward Web3 transformation through API integration with no infrastructure build required. The assessment noted that if these brands take firm hold in the market, the effect would be to promote a range of applied solutions using PARAMETA's blockchain technology, giving the technology strong potential for application and expansion.
Accelerating its STO, NFT, and Web3 wallet businesses in collaboration with NH Investment & Securities, PSX, CIZION, and others
PARAMETA plans to consider a listing in the future as part of medium- to long-term business expansion and corporate growth, and expects the results of this preliminary assessment to be of considerable help when it does. Despite the blockchain downturn, PARAMETA returned to profit last year on the back of sustained business results, and received an unqualified audit opinion on its financial statements. This year it plans to drive revenue growth through a business model that helps partners apply Web3 more easily via PARAMETA Service (PARAMETA W, PARAMETA N, PARAMETA S, and PARAMETA T).
PARAMETA has already begun accelerating its Web3 transformation business through PARAMETA Service. It recently signed an agreement with PSX, operator of the unlisted stock trading platform Seoul Exchange, on joint development of a security token (ST) platform and business cooperation. It has also joined the STO Vision Group — the inter-company consultative body NH Investment & Securities formed to build a security token ecosystem following the incorporation of security token issuance and distribution into capital markets law — as a blockchain technology company, and plans to jointly pursue broad business opportunities for expanding the use of security tokens. It is additionally collaborating with CIZION, operator of Asia's largest social commenting platform LiveRe, on building the Web3 data protocol Perme.
We will draw actively on the results and the advice from this mock technology assessment for KOSDAQ technology special listing as we work to grow further.
[Reference] Read the full PARAMETA press release ▼
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Web3 Enabler, PARAMETA