The Blockchain frenzy in South Korea has now reached the housing sector, with the nationwide authorities pledging $1.27 million in funding for a blockchain-based platform that targets condominium residents throughout the nation.
According to ZDNet Korea, the South Korean Ministry of Science, or ICT, selected an area agency, Ksign, to develop a contact-free platform which is able to let residents have interaction with digital voting, parking area administration, and different housing-based governance measures.
The platform may also support with social distancing, mentioned the announcement. The undertaking’s creators additional famous that they count on it can “strengthen public well being within the condominium areas.”
Owners, residents, and administration will have the ability to use the platform, which may also present video conferencing and digital fee options.
Keo Ja-in, vice chairman of Ksign, commented on the upcoming platform:
“We’re creating a DID that may be utilized to the token ecosystem by controlling private info and verifying the id by controlling private info. The purpose is to additionally create a token ecosystem that can be utilized in any retailer.”
The top of the Seocho regional authorities just lately proposed a blockchain-powered voting platform for residents and praised the latest inflow of crypto-related developments throughout the nation.