Copy link
Increase text size
Decrease text size
Link copied

South Korea's DAPA to create blockchain platform to enhance business operations, signs agreement with 3 national defense institutions

Image Credit: Yonhap News

Tue, 06 Aug 2019, 08:36 am UTC

South Korea’s Defense Acquisition Program Administration (DAPA) is creating a blockchain platform as it aims to enhance its business operations.

The country’s military acquisitions agency has signed an agreement with three national defense institutions for the initiative. It will partner with the Defense Agency of Technology and Quality (DTaQ), the Agency for Defense Development (ADD), and the Korea Defense Industry Association (KDIA).

According to DAPA, the new blockchain platform will focus on enhancing related technologies to the procurement of military equipment and stores, equipment logistics, and fund appropriation. The administration said it will also look into other potential uses cases, including certification, equipment delivery, import and export approval, and defense raw material management.

In a press release last April, DAPA said that “Through the platform, we will be able to improve the credibility of defense projects by sharing information about all implementation processes among those agencies.”

It can be recalled that the Korean Internet and Security Agency (KISA) and the Ministry of Information and Communication unveiled 12 projects that aim to improve innovation in public services and learn best practices by leveraging blockchain technology.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,062.49 (+2.33%)
  • Ethereum (ETH) $175.19 (+4.07%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $352.03 (-1.66%)
  • Bitcoin SV (BSV) $262.36 (-1.29%)
  • Bitcoin (BTC) $9,062.49 (+2.33%)
Jan 17, 2020 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto dealer SFOX announces new service for investors and wealth managers
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
Crypto exchange Gemini launches own insurance company "Nakamoto"
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
Huobi joins Blockchain Turkey Platform (BCTR)
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
U.S. lawmakers seek tax exemption for crypto transactions under $200
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.