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IPFS News Link • Blockchain

CryptoCity: Seoul Mayor Plans $100 Million To Build Blockchain Smart City

• https://www.technocracy.news, BY: WOLFIE ZHAO

In a speech during his visit to Zurich, Park announced last week that his Blockchain Urban Plan for 2018–2022 will cover 14 public services in five areas, with a government budget totaling 123.3 billion Korean won (around $108 million), according to a CoinDesk Korea report on Thursday.

Park added that major public services that will adopt blockchain include labor welfare, vehicle history management, certification issuance, donation management and elections voting.

The mayor explained, for instance, the Seoul Metropolitan Government will use the technology to protect part-time workers who don't have labor contracts or are not covered by employment insurance.

These workers will be able to register via a blockchain application that will be developed as part of the plan. After that, labor welfare organizations and insurance companies, which participate as running nodes, could share workers' information over a distributed network and decide on insurance schemes, the report said.


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