Skip to main content

##South Korea Unveils Blockchain Strategy to Launch Online Voting and Election System by 2022




Free Crypto Signals App -



https://play.google.com/store/apps/details?id=com.freecryptosignals.app


                                       
                  Visit - https://t.me/cryptosignalalert






During the 16th, 4th Industrial Revolution Committee meeting on June 24, 2020, South Korea’s Ministry of Science and Technology announced plans of developing seven distributed ledger technology-based systems including the launch of a voting and election system by 2022 under the “Blockchain Technology Diffusion Strategy.” 



Taking Advantage of the COVID-19 Pandemic


According to Choi Ki-young, the Minister of Science and Technology, South Korea can take advantage of the COVID-19 crisis and develop hyper-connected and faceless blockchain systems as the country drives towards being a market leader. 



Presently, the objective is to narrow the gap between theirs and those of developed countries by pursuing original ideas and converging technologies while simultaneously offering support and strengthening global standards.



A 2018 survey by The Institute for Information and Communications Technology Promotion (IITP)–a government institution, noted that South Korea was approximately 2.4 years behind global leaders like the United States, China, and Japan in meeting global technological standards. They cited a lack of support from the government and strict blockchain regulations.




Seven Key Areas Identified, an Online Voting and Election System Prioritized
Therefore, the government is driving to establish blockchain systems in voting, donations, social welfare, postal services, real estate transactions, renewable energy, finance, and social welfare. 



However, the government’s priority is to build a voting system and avenues through which local businesses can incorporate blockchain in their operations from next year. 




Integral to the online voting and election system is the Digital Identity (DID) service. This service enables citizens to conveniently manage their personal information while preventing duplication of data by institutions. 




Notably, the system diverges away from the highly fragmented, insecure, and exclusive traditional identity systems that have been a source of controversy. In the United States, the use of the in-mail voting system is stirring heated debate with President Donald Trump claiming this voting system will lead to “massive rigging.”




With a blockchain-based voting and elections system that merges DID, there is unification and interoperability all from a tamper-proof infrastructure offering benefits to governments and end-users. 



On June 24, 2020, BTCManager reported that leading telecommunication giants in South Korea including SK Telecom had created a blockchain-based identity application called PASS. The application enables citizens to store and authenticate their driving licenses from their smartphones.










Comments

  1. well, that's a great blog. Really so much impressive and i love that type of post. thank you.

    If you searching for a legit financial service .Check it out. Link below.
    legit dark web
    Unclaimed Mystery Box
    legit PayPal transfer dark web
    dark web financial services .

    Please carry on and keep blogging . Thanks again

    ReplyDelete

Post a Comment

Popular posts from this blog

###Best Crypto Binance Signals Channels on Telegram Mobile APP & Bitcoin Trading BOT

                                                                 Visit - https://t.me/cryptosignalalert            Visit - https://play.google.com/store/apps/details?id=com.freecryptosignals.app #Crypto Trading Bot which works with a number of exchanges for Binance,BitMEX,Bittrex which trade automatically in your account now get yourself free from manual trading no need to be in front of system anymore joined here one of the largest Bitcoin Cryptocurrency trading group on Telegram which provide Crypto Mobile trading APP now receive all your Crypto signal on your mobile APP & start trading from your mobile & excellent accuracy Binance BitMEX signals on Telegram

#Banned YouTuber raises $60K in Bitcoin Cash from Supporters

Free Crypto Signals App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app                           Visit - https://t.me/cryptosignalalert For more latest news update on Cryptocurrency,Free Crypto Automated Trading BOT & good quality signals visit above Telegram channel Three fans donated 300 BCH to Stefan Molyneux, who was banned from YouTube for "hate speech." In brief YouTube banned Stefan Molyneux's channel for violating its hate speech policy. PayPal cut off his account in November. A dozen fans responded by sending him Bitcoin Cash (BCH) After YouTube banned several far-right figures—including Internet commentator Stefan Molyneux, white nationalist leader Richard Spencer, and former KKK Grand Wizard David Duke for hate speech—supporters donated $60,000 worth of Bitcoin Cash to Molyneux’s BCH donation address.   Since Monday, when the ban happened, Molyneux has received 11 donations of BCH—the largest wa