South Korea Working on Blockchain-Based Digital Identities: Targeted for Use in 2024

South Korea, one of Asia’s most advanced continents in blockchain, aims to use blockchain-based digital identities in 2024.

According to the information in Bloomberg’s report dated October 17, the South Korean government, 2024launch in and approx. 45 million expected to be actively used by citizens. digital identity working on it.

to mobile devices application IDs that are planned to be uploaded as decentralized comes to the forefront. Zira, Director General of the Digital Government Bureau of South Korea Seductive Bo ram, in the new identity system anyone, including the government. personal information, including how and where the identity is used won’t be able to reach expressed. Economist of the country’s Institute for Science and Technology Policy hwang seogwonof new identities finance, health, tax applications and in transport Said it could be used.

US think tank portulance to the Institute According to South Korea, this project is for the country. new a breakthrough not. Because the country August 2020also a blockchain-based digital driving license after implementing South Korea Internet and Security Agency on a similar system pilot started the tests.

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