On September 11, the pinnacle of the Seocho regional authorities proposed a blockchain-powered voting platform for residents, and praised the current inflow of crypto-related developments throughout the nation.
According to UpDown Korea, Cho Eun-hee, who’s the native authorities chief of one in all Seoul’s most prosperous districts, believes that it’s the “proper time” to begin utilizing blockchain know-how, “so any citizen can simply suggest their opinions.”
The official from Seocho known as on the nation to tackle a higher function in our “quickly altering trendy society” within the wake of the coronavirus pandemic, referring to current decentralized improvements because the “fourth industrial revolution.”
If his proposal turns into a actuality, it might be the primary blockchain platform within the nation that will permit residents to resolve on native political affairs.
Cho additionally stated that blockchain know-how is essentially the most “appropriate for upgrading democracy”:
“Sooner or later, we plan to appreciate a direct democracy that everybody can belief by actively introducing blockchain to stop safety and forgery, and to this finish, numerous companies akin to a blockchain academy that mixes blockchain and administration, and sensible senior enterprise can be applied.”
The federal government official believes that the district’s efforts could possibly be “the inspiration of a nationwide” blockchain adoption within the nation, and that such a platform may permit residents to interact in safe political discourse.
Again in April, the Vice Minister of Technique and Finance, Koo Jun-cheol, stated that the blockchain market represents a “golden opportunity” for the nation. He additionally known as on non-public sector firms all through South Korea to take advantage of this potential.