Home » Seoul to Use Blockchain in Citizen Cards

Seoul to Use Blockchain in Citizen Cards

The South Korean city of Seoul will implement blockchain technology in its citizen cards. According to Park Won-soon, the mayor of Seoul, the technology will be used in collecting urban and administrative data, which will be useful to figure out where to provide new services for the city and its community.
news - Seoul to Use Blockchain in Citizen Cards

The South Korean city of Seoul will implement blockchain technology in its citizen cards. According to the mayor of Seoul Park Won-soon, the technology will be used in collecting urban and administrative data, which will be useful to figure out where to provide new services for the city and its community. 

The blockchain technology will also allow to use a more protective authentication system for the city’s citizen cards, as well as give residents easier access to the various administrative services offered in Seoul.

The use of blockchain technology is not new to the city. Seoul already uses this technology in a number of its administrative services, including providing mobile e-voting as well as its use in car sales.

As a reminder, back in February, the Seoul Metropolitan Government announced plans to put over $1 billion in blockchain and fintech startups by 2022. Recently, South Korea’s financial regulator, the Financial Services Commission, authorized nine fintech companies to operate in the country as part of a regulatory sandbox.

JOIN TO OUR TELEGRAM CHANNEL

ALL THE LATEST BREAKING NEWS ON TELEGRAM

Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.

Have your say!

0 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up