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:

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.


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Eduard Watson Author

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