Korea Minting and Security Printing Corporation, Establishes 'Public Sector Blockchain Collaboration Network'

[Asia Economy Reporter Kwangho Lee] Korea Minting and Security Printing Corporation (KOMSCO) is joining hands with the Electronics and Telecommunications Research Institute (ETRI) and the Korea Information and Communication Technology Association (KICTA) to strengthen their public roles in blockchain technology development and service sectors.

On the 9th, Cho Yong-man, President of KOMSCO, signed a Memorandum of Understanding (MOU) for 'Establishing a Cooperative System for Blockchain Technology Development and Service in the Public Sector' with Kim Myung-jun, President of ETRI, and Choi Young-hae, Chairman of KICTA, at the ETRI conference room in Daejeon.

Accordingly, KOMSCO, ETRI, and KICTA will collaborate in ▲sharing work and technology exchange related to blockchain policies, technologies, and projects in the public sector ▲developing and verifying blockchain technologies to create public-centered services ▲responding to standardization to enhance the reliability of public services related to blockchain and decentralized identity (DID) ▲and commercialization through technology convergence.

They also plan to maintain close cooperation from core technology development to practical application to create a 'blockchain technology-based ecosystem' in the public service sector. The cooperating institutions will gradually expand to universities and others, establishing an industry-academia-research network.

President Cho said, "This agreement aims to maintain trust in public sectors such as national identification cards even in the era of the 4th Industrial Revolution," adding, "We will work harder to create an environment where citizens can engage in economic activities with peace of mind."

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