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 residence residents throughout the nation.
In response to ZDNet Korea, the South Korean Ministry of Science, or ICT, selected an area agency, Ksign, to develop a contact-free platform which can let residents interact with digital voting, parking house administration, and different housing-based governance measures.
The platform will even assist with social distancing, mentioned the announcement. The venture’s creators additional famous that they count on it is going to “strengthen public well being within the residence areas.”
Householders, residents, and administration will have the ability to use the platform, which will even present video conferencing and digital fee options.
Keo Ja-in, vp of Ksign, commented on the upcoming platform:
“We’re creating a DID that may be utilized to the token ecosystem by controlling private data and verifying the identification by controlling private data. The aim is to additionally create a token ecosystem that can be utilized in any retailer.”
The pinnacle of the Seocho regional authorities lately proposed a blockchain-powered voting platform for residents and praised the current inflow of crypto-related developments throughout the nation.