Korean Peace Treaty Permanently Recorded On Ethereum Blockchain

Blockchain, News | May 3, 2018 By:

The recent peace treaty between North and South Korea has been permanently recorded on the ethereum blockchain, according to a South Korean developer.

Ryu Gi-hyeok, a 27-year-old game developer, made history last week when he decided to record the meeting between North Korean leader Kim Jong-un and South Korean president Moon Jae-in, where the two leaders signed the Panmunjom Declaration for peace, prosperity, and unification of the Korean peninsula.

Ryu has coded and recorded the peace treaty in both Korean and English versions in two ethereum transactions. Among the contents is a promise that “South and North Korea will make joint efforts to alleviate the acute military tension and practically eliminate the danger of war on the Korean Peninsula.”

“Although I was not interested in politics, I was overwhelmed by watching the summit,” said Ryu. “I just thought it took too long for the South and the North to give way to each other. After finding out what I could contribute to this historic achievement as a developer, I found the Panmunjom Declaration on the Blue House homepage and recorded it on ethereum. The Panmunjom Declaration, written in ethereum block 551,7596, will not go away unless ethereum is gone. I wanted to keep the world record of North and South Korea in the world of crypto.”

Ryu said he is now planning to launch a web portal with the objective of keeping all historic records permanent and immutable on a blockchain.

Last month, US brokerage firm TD Ameritrade linked 68 transactions, which each get 80 characters, to permanently embed an image of a flag with its logo on the bitcoin blockchain.