Lucentblock Wins NIA President's Award at Public Data Utilization Startup Competition

Lucentblock, which operates the real estate fractional investment platform 'Sou', has been recognized for its innovative capabilities based on public data, having received the Korea National Information Society Agency President's Award (Commendation) at the '13th Pan-Government Public Data Utilization Startup Competition'. In this competition, which saw 3856 teams participate, Lucentblock presented an innovative analysis model that combines public data with its proprietary artificial intelligence (AI) technology to solve the persistent problem of vacancies in commercial real estate. The core of the model proposed by Lucentblock lies in integrating the internal data of the 'Sou' platform (valuation, user behavior, investment patterns) with vast public data. It utilizes public data encompassing actual transaction prices from the Ministry of Land, Infrastructure and Transport, rental trends from the Korea Real Estate Board, commercial district information from the Korea Agency for Saemaul Undong and Micro-enterprise Market Promotion, and regional economic data from Statistics Korea. They precisely inferred undervalued factors and causes of vacancies in commercial properties through advanced techniques such as machine learning analysis and spatiotemporal graph modeling, and maximized analytical accuracy by predicting the optimal tenant industries best suited for each location. Furthermore, this model issues selected undervalued commercial districts as security tokens (STO), and provides investors with benefits linked to local commercial districts, thereby establishing a virtuous cycle that simultaneously encourages visitor inflow and commercial district revitalization. In fact, Lucentblock has previously, in the 'Daejeon Startup Space' (2022) and 'Daejeon Hana Startup Park' (2024) projects, successfully operated a model that returns benefits to the local community through the provision of local store vouchers and collaboration between local governments and financial institutions. Heo Se-young, CEO of Lucentblock, stated, "We have confirmed the potential of public data to solve structural problems in the local economy," and revealed his ambition to strengthen data analysis capabilities in the future to contribute to revitalizing local commercial districts and expanding financial inclusivity. Meanwhile, since its service launch in 2022, Lucentblock has conducted a total of 11 offerings, achieving cumulative offering results worth approximately 30 billion KRW, and in October last year, it applied for preliminary approval for a security token distribution platform from financial authorities, accelerating its future growth.