Seoul Is Set to Use Blockchain in Citizen Cards

Last Modified:12 May 2020 14:40:01
Seoul Is Set to Use Blockchain in Citizen Cards

The mayor of Seoul said that this city is going to implement Blockchain technology in citizen cards. According to a report published by Korean news agency on May 20, Park Won-soon, the mayor of Seoul, said during an event called “Korea Future Forum (KFF)” that Seoul will use Blockchain technology in the citizen cards of the inhabitants of Seoul, the capital city of South Korea.

The mayor touched upon the capacity of Blockchain in storing data and said that the value of data has become even more important than before. As the mayor of Seoul said, the municipality of this city will implement Blockchain technology in collecting urban data in order to offer some new services such as integrated authentication system of citizen cards.

Park Won-soon stated that there are already some infrastructures in Seoul that are based on Blockchain technology such as e-voting and car sales.

The mayor of Seoul had previously stated his confidence in this technology, so much so that in 2018 he introduced a five-year plan to develop the Blockchain technology in the city of Seoul.

The municipality of Seoul announced in February 2019 that it intends to invest over $1 billion in Blockchain and fintech startups by 2022.