WannaCry Cyber Attack Blamed on North Korea

Crime, News | December 19, 2017 By:

The United States government has publicly blamed North Korea for the massive ransomware attack called “WannaCry” that infected computers around the world earlier this year. President Donald Trump is expected to issue a public statement today.

In May of this year, the WannaCry ransomware shut down hospitals,


Blockchain Assn. of South Korea to Adopt Self-Regulatory Measures In Shadow Of Potential Ban

Announcements, Blockchain, News, Regulation | December 15, 2017 By:

The Korea Blockchain Industry Association said it will adopt a raft of self-regulatory measures to boost transparency in trading of cryptocurrencies.

Composed of 14 South Korean cryptocurrency exchanges, the association said its members agreed to require investors to verify their identification through financial institutions and use a single account to carry out transactions.


Blockchain Electricity Project Unites S. Korean Ministry of Science, KEPCO

Announcements, Blockchain, Innovation | December 6, 2017 By:

South Korea’s Ministry of Science, ICT and Future Planning (MSIP) and Korea Electric Power Corporation (KEPCO) have developed a blockchain-based system for neighborhood electricity trading and electric vehicle (EV) charging. The goal of the project is to provide relief to businesses or households that face heavy electricity bills.


Blockchain For Administrative Use By Seoul Gov’t Taps Samsung SDS For Deployment

Announcements, Blockchain, Innovation, News | November 27, 2017 By:

The Seoul Metropolitan Government, a local government in South Korea, has teamed with Samsung SDS, the Internet technology solutions unit of Samsung Group, to implement blockchain technology for administrative use.

The local government is seeking to apply the technology to its administrative work across the city’s welfare,