South Korea And Blockchain In Public Sector

This article was published on: 09/4/18 7:22 PM

Marcelina ŁukaszewiczWritten by | blockchain, news, regulations

South Korea And Blockchain In Public Sector

For a long time, the South Korean government has been interested in using blockchain in the public sector. Now, the efforts for the year 2019 will be doubled.

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.”

In addition to increasing the number of planned projects, the government agency will also increase the budget for their development in 2019. 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.

The projects selected by the government deal with problems such as: “livestock supply chain management, customs clearance, online voting, real estate transactions, cross-border distribution of electronic documents and shipping logistics”.

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.”

Scan to Donate Bitcoin to Marcelina Łukaszewicz
Did you like this?
Tip Marcelina Łukaszewicz with Bitcoin

Last modified: September 4, 2018

If you want to comment this article, visit our Blockchain24.co forum!

The blockchain24.co site shall not be held responsible for any consequences resulting from the use of data contained in the pages of the site.