Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions subsidiary of the South Korean conglomerate, has formed a strategic partnership with QuickNode, a blockchain deployment platform aiming to bring web2 services into web3. Besides announcing the partnership, LG also revealed that it has invested in QuickNode through LG Technology Ventures for an undisclosed amount. To date, QuickNode has raised around $115 million. Upon raising $60 million from 10T Holdings, Tiger Global and others, the company was valued at $800 million in January. LG CNS‘s system integration and digital transformation businesses are wide-ranging, having built solutions in cloud, SaaS, artificial intelligence, big data, smart city, security, web3 and blockchain. The company initiated its blockchain business in 2015 and unveiled its own blockchain platform Monachain three years later. Unlike public, permissionless blockchains such as Ethereum, Monachain is custom-built for enterprises and is applied to traditional industries like finance, logistics, and energy. Some of the solutions powered by Monachain include mobile identity cards, …