Seoul Govt Selects Samsung SDS for City-Wide Blockchain Project

Seoul Govt Selects Samsung SDS for City-Wide Blockchain Project

The metropolitan legislature of Seoul, South Korea’s capital, has picked Samsung SDS to attract a guide to apply blockchain innovation to the city’s whole organization to enhance resident accommodation and authoritative straightforwardness.

Samsung SDS, the IT auxiliary of Korean gadgets goliath Samsung, has won a request from Seoul’s Metropolitan Government to set up an Information Strategy Plan (ISP) for ‘Advancement in Building Blockchain (Solutions) for Seoul City’, the organization said today. The activity is prominent for the city government’s expectation to apply blockchain innovation over ‘the whole city organization’ by 2022.

The city government has officially distinguished various divisions for blockchain applications including welfare, security, movement and other metropolitan issues. Beginning applications will see blockchain’s center trademark as a protected, changeless record utilized for recording individual data of nationals, paying out jobless youth recompenses and the offer of utilized auto deeds. A definitive objective? To comprehensively grow urban accommodation and regulatory straightforwardness with blockchain innovation driving the city’s whole metropolitan organization in four years.

As per the terms of the agreement, Samsung SDS is currently entrusted to evaluate the earth and diagram a guide toward both ‘presenting and spreading blockchain innovation all through the city’s civil government’ throughout the following five months. Samsung’s product unit will outline and propose future models close by plans to methodicallly execute them over the city’s administration and the general population division.

In proclamations, Samsung SDS CEO Hong Won-pyo stated:

Samsung SDS intends to contribute to the city becoming a world-class city by strengthening the transparency, fairness and civic convenience through its own blockchain technology and consulting capability.

The Seoul city venture denotes the organization’s initially invasion into acquainting blockchain innovation with the general population division, turning into the principal residential organization in Korea to do as such. Samsung’s product stem uncovered its blockchain stage ‘Nexledger’ in a business dispatch prior this year. In May, the organization started an outstanding pilot venture for Korea’s transportation and coordinations industry to track imports, fares and ongoing following of freight shipments over a blockchain. The pilot demonstrated effective with its first trial keep running of a Korea-China shipment, and its whole coordinations chain process, encouraged by a blockchain.

Seoul’s vast activity is an outstanding support of blockchain, the basic innovation of cryptographic forms of money like bitcoin, and attracts parallels to a comparative exertion in Dubai, the last outlining its own way to end up noticeably the world’s ‘first blockchain city’ by 2020.


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