Mondrian AI signs an MOU for blockchain and financial service development

WIFLO signed a strategic business agreement (MOU) with New-Era Wireless (NEW) Lab under George Arden University and Mondrian AI, an artificial intelligence technology company, to develop blockchain core technology and financial-linked services based on urban aviation mobility data.

This joint development activity is based on big data collected through WeFlo’s verti-fit solution, led by Professor Kim Seung-mo of George Arthurian University to develop blockchain cores and Mondrian I to develop financial-linked services. In addition, joint efforts will be made to diagnose flying vehicles and upgrade care services in the drone and aviation sectors.

Meanwhile, Mondrian E.I is an artificial intelligence solution developer with experience in winning the Incheon Mayor’s Award, the Incheon International Airport President’s Special Award, and the Prime Minister’s Award (Best Award) at the 2020 Pan-Government Public Data Startup Competition.

WIFLO, which signed this agreement, is a company that provides AI big data-based drones, aviation aircraft diagnosis, and care solutions, led by CEO Kim Eui-jung, an expert in designing guided flight systems and autonomous driving sensors. Seed investment has been completed in recognition of the technology of aircraft diagnosis and care solutions.

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