Two of South Korea’s biggest corporate names just ran a live experiment on a crypto blockchain, and it actually worked. POSCO International and LG CNS completed a proof-of-concept pilot that tokenized real trade receivables on the Injective Layer-1 blockchain, marking one of the more concrete examples of a traditional industrial giant using decentralized infrastructure for something other than a press release.
The pilot used actual commercial trade data, not simulated numbers.
What actually happened
The proof-of-concept completed at least one live on-chain transaction using real trade receivables, run through Injective’s blockchain infrastructure with LG CNS handling the technical integration layer. The pilot was announced and confirmed complete around July 26-27, 2026.
POSCO International is not a small operation. The company posted $22.2B in revenue for the prior year and operates a network of more than 80 overseas branches and subsidiaries.
