South Korea And Blockchain In Public Sector
Increasing the number of projects
The Korean Internet and Security Agency (KISA) – a sub-organization of the Ministry of ICT – says that it intends to increase the number of blockchain pilot projects in the public sector from 6 this year to 12 in 2019, as you can read on Korea CoinDesk.
Min Kyung-sik, the head of KISA’s blockchain team, said:
“In the next year, we are considering expanding blockchain pilot projects in the public sector to 12, and plan to support more than three private-led blockchain national projects.”
Initially, the proposed budget of $ 9 million was to be used in the years 2018 and 2019. Now, in addition to the previously reported amount, the government intends to add more than 10 billion Korean won ($ 9 million).
When it all started
The beginning of the work was revealed in June, when the Ministry of ICT announced cooperation with other ministries. The partnership was aimed at developing six selected blockchain projects in the public sector. Projects were selected from a pool of 72 projects submitted by 41 institutions.
As CoinDesk reported:
“The results of the current pilot projects will be announced in November, and then KISA will host a blockchain hackathon competition in December in an effort to select new project ideas, the agency said in the report.”
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