There is an interesting development in the use of blockchain coming from South Korea. According to a really interesting article by Yahoo Finance written by Carol Gaszcz:

The mayor of Seoul, Park Won-soon, has announced the city will launch blockchain and AI initiatives as part of its smart city implementation plan, Queen reports. Park spoke at the Korea Future Forum 2019 & Blockchain Tech Show.

As part of the initiative, the South Korean capital will launch blockchain-based Seoul citizen cards. The cards will provide citizens with “easy access to various administrative services.” Seoul has already adopted blockchain technology in certain areas. The city’s e-voting system is blockchain based, as well as its used car selling system.

Moreover, Seoul will also boast 50,000 city data sensors by 2022. The sensors will be used to collect urban and administrative data, which will then be used in conjunction with blockchain and AI technologies.

Park believes “The value of data has become more important than ever before.”

See full story here.