Copy link
Increase text size
Decrease text size
Link copied

Seoul to reward citizens using public services with crypto, to roll out other blockchain-based projects within 2019

Wed, 07 Aug 2019, 07:27 am UTC

Seoul, the capital and largest city in South Korea, is set to roll out a point system that will reward its citizens with S-coins for using public services, like paying taxes and participating in polls.

As per a report by local news outlet blockinpress, the point system will be incorporated in ZeroPay, which is a QR-code-enabled network of the government. The coins can be used to pay for goods and services using their phones, and no merchants’ commissions will be charged.

Other than receiving S-coins, the city will also implement a blockchain service for submitting qualifications without paper documents. The move aims to enhance the Seoul Citizens Cards to enable digital authentication for public service use.

In addition, a blockchain-based system for part-time and temporary workers is also expected to be rolled out. The solution will enable them to sign a simple contract with employers, track their work histories, and record time logs.

Smart healthcare, donation management, and online certification verification are among the other blockchain-powered projects the city plans to launch in November.

Meanwhile, Busan is planning to launch a regional blockchain-based cryptocurrency in a bid to enhance its financial infrastructure. The second-largest Korean city plans to develop a stablecoin, a cryptocurrency pegged 1:1 to the local currency, to revitalize its economy by making it a leader in the country’s blockchain efforts.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,762.22 (-0.47%)
  • Ethereum (ETH) $230.99 (+1.56%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $317.56 (-1.01%)
  • Bitcoin SV (BSV) $219.38 (-2.40%)
  • Bitcoin (BTC) $8,762.22 (-0.47%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft