• Days
  • Hours
  • Mins
  • Secs
  • Mon, 16 Sep 2019, 02:07 AM
  • All times are UTC
  • Edition:
    International
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.
More
  • Bitcoin (BTC) $10,380.50 (+0.32%)
  • Ethereum (ETH) $194.01 (+3.11%)
  • XRP (XRP) $0.263300 (+0.63%)
  • Bitcoin Cash (BCH) $307.59 (+0.64%)
  • Litecoin (LTC) $71.86 (+1.37%)
  • Bitcoin (BTC) $10,380.50 (+0.32%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft