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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.

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