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. >

  • Bitcoin (btc) $20,044.00 (+5.25%)
  • Ethereum (eth) $1,370.55 (+3.69%)
  • USD Coin (usdc) $0.999718 (+0.07%)
  • BNB (bnb) $281.05 (+2.65%)
  • XRP (xrp) $0.468593 (-0.86%)
  • Bitcoin (btc) $20,044.00 (+5.25%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.