Sejong Telecom has teamed up with S-SEED Partners to establish a joint venture to foster blockchain startups.

The venture, named B-Brick, would provide financial and administrative support to promising startups with disruptive blockchain technologies. The B-Brick would help the startups commercialize their blockchain technologies.

The B-Brick would pick the startups for support primarily by their potential for developing blockchain technologies fit for daily use in the people’s daily lives.

Sejong has shown an intention to expand its business beyond fixed and wireless line telecommunication services to blockchain business. It unveiled its blockchain-based main net BlueBrick.