"Innovation Acceleration Through Blockchain" Project Kick-off Meeting Held

[Asia Economy Reporter Seulgina Jo] The Ministry of Science and ICT and the Korea Internet & Security Agency announced on the 7th that they held a kickoff briefing session for the ‘Blockchain Public Leading Pilot Project and Private-led National Project.’

The blockchain project, which has been underway since 2018, is divided into a public leading pilot project for public service innovation and the expansion of blockchain utilization, and a private-led national project aimed at enhancing public experience and expanding industrial demand.

The public leading pilot project selected 10 tasks based on demands from over 400 national institutions, local governments, and public organizations, and then chose 10 consortiums (24 companies). For the private-led national project, 3 consortiums (12 companies) were finalized out of 20 consortiums (60 companies) through an open call for free topics.

At this kickoff briefing session, proposing institutions and operators of the public leading pilot project, as well as operators of the national project, attended to share the progress of the 2020 pilot project and future plans.

RaonSecure, participating in the public leading pilot project (building a digital public service platform based on decentralized identity verification, proposed by Gyeongsangnam-do), introduced a project to enhance the convenience of public services in the Gyeongsangnam-do region by establishing a resident verification service platform using decentralized identity verification.

Medibloc, participating in the private-led national project (a personal-centered mobile medical electronic document platform), presented a technical goal to apply blockchain to medical electronic document management, enabling patients to conveniently submit medical information to service providers without paper documents.

During the subsequent open discussion, industry officials urged the government to make continuous efforts so that the blockchain pilot project does not end after a single year but is linked to follow-up projects or reflected in digital government innovation projects.

Park Yoon-gyu, Director of Information and Communication Policy at the Ministry of Science and ICT, stated, “Recently, post-COVID policies have accelerated the untact economy and the digital non-face-to-face era,” adding, “We will strive to lead the application of blockchain, which is gaining attention as an essential foundational technology in this era, in both public and private sectors to transform the daily lives of the people.”

This content was produced with the assistance of AI translation services.