Management & legal News

Seoul to launch blockchain citizen services

seoul
On the 1st August, it was announced that Seoul plans to release blockchain-based citizen services by the end of this year. The projects are part of the Blockchain City Promotion Plan, revealed in April, to build distributed ledger technology (DLT) solutions aimed at citizens. In April we learned that the services slated for development this year include identifying citizens without paperwork, citizen cards, mileage tracking, automated subcontractor payments, and a scheme for protecting the rights of part-time employees. Last week’s announcement reveals that the scheme will use smart contracts to hold employers accountable and store working hours on a blockchain to prevent tampering.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: f9photos / BigStock Photo