Seoul will launch administrative services on the blockchain by the end of this year

The Seoul authorities plan to put into operation the first administrative services on the blockchain, as well as the S-coin cryptocurrency this November.

Last month, a meeting of officials and representatives of the private sector took place in the capital of South Korea, at which the details and timing of the implementation plan for the commissioning of administrative services on the blockchain were discussed.

Initially, the launch of such services became known last year, but the initiative was postponed. Then it was about 14 administrative projects. It was assumed that the program will be successfully implemented by 2022 and will cost $ 108 million.

It is reported that in Seoul they will create and launch the S-coin cryptocurrency, which can be used to purchase certain bonuses. The coin will be issued for various actions, for example, paying taxes or participating in surveys.

In addition, it was decided to launch a blockchain service to send documents and expand the capabilities of a Seoul resident card by adding digital authentication to use public services.

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Also, by the end of the year, for employees who work part-time, a blockchain system will be launched that allows you to sign simple contracts with employers, look at the employment history and keep accounting schedules.

The authorities want to implement all these plans by the end of this year, and next year they will launch a number of other blockchain initiatives, such as smart healthcare, a donation management system and certificate verification.

It is reported that services on the blockchain will be managed by private enterprises under the control of the city authorities.