On September 11, the pinnacle of the Seocho regional authorities proposed a blockchain-powered voting platform for residents, and praised the latest inflow of crypto-related developments throughout the nation.
In response to UpDown Korea, Cho Eun-hee, who’s the native authorities chief of one among Seoul’s most prosperous districts, believes that it’s the “proper time” to start out utilizing blockchain expertise, “so any citizen can simply suggest their opinions.”
The official from Seocho referred to as on the nation to tackle a larger position in our “quickly altering fashionable society” within the wake of the coronavirus pandemic, referring to latest decentralized improvements because the “fourth industrial revolution.”
If his proposal turns into a actuality, it will be the primary blockchain platform within the nation that might permit residents to resolve on native political affairs.
Cho additionally acknowledged that blockchain expertise is essentially the most “appropriate for upgrading democracy”:
“Sooner or later, we plan to comprehend a direct democracy that everybody can belief by actively introducing blockchain to forestall safety and forgery, and to this finish, varied companies reminiscent of a blockchain academy that mixes blockchain and administration, and sensible senior enterprise might be carried out.”
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 might permit residents to have interaction in safe political discourse.
Again in April, the Vice Minister of Technique and Finance, Koo Jun-cheol, mentioned that the blockchain market represents a “golden alternative” for the nation. He additionally referred to as on non-public sector firms all through South Korea to use this potential.