ICON Expands In South Korea: Government To Promote Blockchain-Based Online Voting, DID
ICON has been working really hard to expand in South Korea.
Not too long ago, we revealed that ICON released more great news on their Twitter account about ICONDAO and Korea expansion.
Check out their tweet below:
ICONDAO welcomes P-Reps & $ICX developers looking to expand into the Korea market to reach out to us for Korean translations of app tutorials or websites.
— ICON DAO – P-Rep Candidate (@ICONDAO) June 22, 2020
South Korean government will support the development and use of blockchain
Other than this, it’s been also revealed that the South Korean government will be supporting the development and use of blockchain tech in seven sectors including online voting.
Seoul will promote the use of DID in order to activate contactless services.
During a meeting of a presidential council on the Fourth Industrial Revolution on Wednesday, the Ministry of Science and ICT announced a strategic plan to spread blockchain technology.
The Icon.ist revealed that The ministry called blockchain a core technology of the “contactless economy” because it’s pushing trust in transactions by promoting data transparency and preventing forgery and tampering.
Seven projects are in the works by 2024
Under the plan, the ministry will cultivate seven projects by 2024. These are:
“Creating an online voting system
Building and developing an online donation system
Preparing a system to prevent people from double-dipping into social benefits
Building a blockchain-based system to manage renewable energy transactions
Getting more out of the Busan blockchain regulation-free zone and adopting local digital currencies
Improving smart contract-based real estate transaction services
Building a customer management system for the postal service”
We recommend that you check out the original article in order to learn all the available details.
Regarding ICON (ICX)’s price, at the moment, ICX is placed on the 48th position on CMC and the coin is trading in the red and it’s priced at $0.299241.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.