Satoshi Nakamoto Blog
Image default
Adoption Blockchain Blockchain News Blocktech Government NEWS South Korea

Seoul City Gov’t Appoints Members to Blockchain Governance TeamSeoul City Gov’t Appoints Members to Blockchain Governance Team


The Seoul Metropolitan Government, South Korea, has issued letters of appointment to its Blockchain Governance Team set to integrate blockchaintechnology with the city’s administration services. The news was announced by blockchain networks firm ICON on Feb. 8.

The Seoul Blockchain Governance Team was formed by the Metropolitan Government, with the aim of investigating the benefits of blockchain in the city’s administration across several areas, including digital document verification and sub-contract payment.

The team reportedly consists of 100 participants between the ages of 21 and 77, including university students, corporate employees, developers, and others. Within the initiative, the team members will test the pilot version of blockchain-based administration services, and are expected to provide comments and recommendations between January 2019 and December 2020.

To issue mobile letters of appointment, the Seoul Metropolitan Government reportedly chose the public blockchain of ICON that will purportedly ensure against falsification and fake issuance. J.H. Kim, council member of the ICON Foundation and CEO of ICONLOOP, said that the company “expect[s] the increase in public blockchain use-cases led by government, and this appointment letter issuance is a starting point to show a clear example of how blockchain can be used in government.”

In January, South Korea’s Yeongdeungpo-gu — an administrative district in southwest Seoul — announced it aims to strengthen administrative transparency by applying a blockchain-based evaluation system. The district reportedly plans to expand the system to the whole department, as well as other municipalities.

Also that month, South Korea’s Defense Acquisition Program Administration (DAPA) launched a pilot for developing blockchain applications for the defense industry, wherein the government ministry is planning to provide grants of up to 600 million South Korean won (about $530,000) for each project.

–AltcoinToday.com

Photo via Shutterstock.

Source: Cointelegraph

loading…









Source link

Related posts

Ethereum (ETH) Daily Price Forecast – January 8

satoshi

Stockholm Blockchain Forum | Fintech Finance

satoshi

Maltese Crypto Businesses Eyeing Estonia and Swiss

satoshi

Top fintech stories this week – 26 October 2018 – FinTech Futures

satoshi

Will Bitcoin Follow Fibonacci And Correct Back to $4,300?

satoshi

VanEck and SolidX Unfazed By the SEC’s Latest Bitcoin ETF Delay

satoshi