On September 11, the top 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.
According to UpDown Korea, Cho Eun-hee, who’s the native authorities chief of considered one of 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 better function 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 might be the primary blockchain platform within the nation that may enable residents to resolve on native political affairs.
Cho additionally stated that blockchain expertise is probably 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 forestall safety and forgery, and to this finish, numerous companies corresponding to a blockchain academy that mixes blockchain and administration, and good senior enterprise can be carried out.”
The federal government official believes that the district’s efforts might be “the inspiration of a nationwide” blockchain adoption within the nation, and that such a platform might enable 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 referred to as on personal sector firms all through South Korea to take advantage of this potential.