The South Korean Defense Procurement Program (DAPA) administration is developing a blockchain platform to improve business operations.
As part of this initiative, DAPA has signed an agreement with three national defense institutions – the Defense Technology and Quality Agency (DTaQ), the Defense Development Agency (ADD) and the Korean Defense Industry Association (KDIA).
The blockchain platform is aimed at improving the procurement of military equipment and logistics. The agency is also considering several other options for its use, including certification, import and export permits, and the management of defense raw materials.
“We plan to use blockchain technology, one of the key technologies of the Fourth Industrial Revolution, for the defense business and for innovation in the civil service,” said Kim Tae-gon, Senior Planning and Coordination Specialist at DAPA.
DAPA announced plans to launch a pilot blockchain project back in April. Recently, it also became known that the Department of Defense Advanced Research Projects Office (DARPA) of the US Department of Defense is starting to experiment with blockchain as part of the Digital Upgrade Strategy.