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Blockchain in seven sectors |
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Sector |
Key Contents |
Related ministries |
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Online Voting |
Build a blockchain-based online voting system for improving trust of online voting and ensuring secret voting. |
National Election Commission, Ministry of Science and ICT |
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Donation |
Store the transparent data of entire donation process on blockchains from fundraising to donation delivery |
Ministry of Science and ICT |
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Social Welfare |
Share transparent information inter-agencies to eliminate overlapping welfare benefit payments |
Ministry of Health and Welfare, Ministry of Science and ICT |
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Renewable Energy |
Build and expand the integrated management system of Renewable Energy Certificate (REC) with a blockchain |
Ministry of Trade, Industry and Energy, Ministry of Science and ICT |
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Financial Service |
Introduce a blockchain-based local digital currency in connection with Busan, a regulation-free zone for blockchain development |
Busan Metropolitan City, Ministry of SMEs and Startups, Ministry of Science and ICT |
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Real estate Transaction |
Prevent digital forgery of real estate data and implement one-stop service real estate transactions by utilizing smart-contract |
Ministry of Land, Infrastructure and Transport |
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Postal Service |
Build an integrated customer management system for poster service and make a system for links with private services |
Ministry of Science and ICT |
Busan Blockchain Regulation Free Special Zone
The Busan metropolitan city has designated ‘Busan Blockchain Regulation Free Special Zone’ for leading the business market by supporting blockchain-applied industry-related regulation exceptions and demonstrations. It supports four business sectors within the area, including the smart logistics platform, tourism platform, public safety services, and local economy and financial services. For accelerating the business, 11 cases of regulation related to the blockchain business are conditionally acceptable as Regulatory Sandbox. The Blockchain Regulation Free Special Zone is 17 areas in Busan with an area of 124.83km2. For the project, a total of 10 organizations, including Korea Internet & Security Agency (KISA), Busan Techno Park, Hyundai Pay, Busan Bank, will carry out the project. The period of validity of this special area is from August 9, 2019 to December 31, 2024.
Reference
정부보도자료 참조
