Today South Korea’s state arms procurement organization “Defense Acquisition Program Administration” (
DAPA) announced plans to use blockchain. The aim is to enable transparency and prevent fraud by sharing data between different agencies. Bidding for defense contracts, as well as the bid evaluation and results will be logged on the blockchain.
Korea’s Agency for Defense Science and Technology will also participate in the project. In the future, defense contract bids will be submitted digitally.
Additionally, Korea runs some funding programs for the defense industry. The process of applying for and granting funding will be logged on a blockchain.
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