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. [vc_row][vc_column][vc_column_text]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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]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.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row]

https://blog.hyip.com/2019/05/seoul-to-use-blockchain-in-citizen-cards/