Bank of Korea eyes 3 cities outside of Seoul for CBDC pilot
As the CBDC pilot launch reveals challenges, plans, and cautious approach, Bank of Korea moves closer to test real-world applications in three cities, excluding Seoul.
As the CBDC pilot launch reveals challenges, plans, and cautious approach, Bank of Korea moves closer to test real-world applications in three cities, excluding Seoul.
Metaverse Seoul will offer the city's residents the chance to learn about South Korea's capital, visit tourist attractions, and have access to official city documents, according to Seoul Mayor Oh Se-hoon.
The system will replace the existing system that lets the residents petition the local gov’t to address various issues, introducing transparency and trust.
Alex Fauvel took time out at the recent CoinGeek Conference in Seoul to discuss his plans for an on-chain solution that allows more effective, secure management of individual identity.
Seoul is reviving its plans to implement a variety of blockchain services to improve its citizens lives.
Seoul’s new partnership with Graph Blockchain seeks to integrate as much of its transporation services into the blockchain as possible.
Blockchain will be used in collecting urban and administrative data around Seoul, which will be useful to figure out where to provide new services for the city and its community.
Seoul Mayor Park Won-soon is planning to invest KRW123.3 billion ($108 million) to turn the South Korean capital into a blockchain-powered smart city.