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 condo residents throughout the nation.
In accordance with 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 house administration, and different housing-based governance measures.
The platform may also support with social distancing, stated the announcement. The mission’s creators additional famous that they anticipate it can “strengthen public well being within the condo areas.”
Householders, residents, and administration will have the ability to use the platform, which may also 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 id by controlling private data. The purpose 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.
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