South Korean Internet Agency Expands Support For 2019 Blockchain Pilot Projects

Blockchain, News | April 9, 2019 By:

The Korea Internet and Security Agency (KISA) has announced that it will be expanding the scale of support for blockchain public pilot projects.

KISA is the Ministry of Science and ICT’s sub-organization dealing with the allocation and maintenance of South Korea’s Internet Protocol address space and Autonomous System Numbers. It is also responsible for cybersecurity of the Internet within South Korea, and runs the Korea Computer Emergency Response Team Coordination Center (KrCERT/CC) for the private sector of the country.

In its announcement, KISA said that its 2019 Blockchain Public Leadership Pilot Project will aim to innovate public services and discover best practices by applying the technology. In 2018, there were 6 blockchain pilot projects, worth KRW 4 billion ($3.5M USD). This year, KISA said it will support 12 projects to improve the efficiency of public services and raise public benefits by conducting pre-project demand surveys for local governments. The projects are reportedly worth KRW 8.5 billion ($7.4M USD).

According to KISA, a total of 32 companies will be selected to conduct the 12 projects, and these companies will share their business plans through a briefing session. The projects will focus on areas such as defense, part-time worker rights protection, disaster prevention, response service, medical and healthcare, food safety management certification service, renewable energy certificate (REC), and carbon credits history management system, among others.

“Blockchain technology is now in full swing,” a KISA official said. “By implementing the blockchain pilot project, we have complemented the limitations of existing ICT technology and applied various convergence technologies to areas close to real-[life situations]. We will continue to strive to improve the quality of life of our people.”