The South Korea Internet and Security Agency (KISA) has selected 32 companies to carry out 12 pilot blockchain-related projects in 2019, according to an official press release on the KISA website.
The pilot, dubbed 2019 Blockchain Public Leadership Pilot Project, is expected to provide a nursery for innovative science expedition involving blockchain, its best practices, and application in different sectors of the domestic economy.
According to the press release: “A total of 32 companies will be selected to conduct the 12 projects of the pilot project in 2019, and these companies will share their business plans through a briefing session on 1-2 April.”
The statement also hinted on the direction of focus for the pilots, this includes healthcare and drug administration, energy sector, food safety, trade economy, protection of the rights of part-time workers, waste management, and disaster prevention.
“Blockchain technology is now in full swing”, says Koo-Myung, director of internet service support at KISA; and once these blockchain pilot projects are completed, the ICT systems in sub-economies would be fully compensated. Koo-Myung said:
“By implementing the blockchain pilot project, we have complemented the limitations of existing ICT technology and applied various convergence technologies to areas close to real-[life applications]. We will continue to improve the quality of life for our people.”
Meanwhile, Yeongdeungpo-gu district has implemented blockchain technology in its proposal evaluation system to further improve transparency of its administrative processes.
In September last year, the South Korean government proposed to spend KRW 10 billion (USD 9 million at the time) to revitalize the local blockchain market through 2019. At the time, director of KISA Min Kyung-sik said: “We are going to lead the blockchain technology by creating a new market and carrying out public-part demonstration projects and private-led projects.” And now, it has successfully doubled the blockchain project quota from the initial 6 to 12.
Recently, the Ministry of Information and Communication (MIC) was in the market to recruit professionals into its Blockchain National Participation Evaluation Team, to effectively manage the relative impact of the pilot projects towards its citizens.
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