Seoul Government Officially Selects Samsung SDS for Municipal Blockchain Implementation

Seoul Government

Seoul, South Korea’s capital, has officially chosen Samsung SDS to draw a roadmap in applying blockchain technology to the city’s entire administration. The Seoul government hopes the program will improve citizen convenience and administrative transparency.

Samsung SDS, the IT subsidiary of Korean electronics giant Samsung, has won an order from Seoul’s Metropolitan Government to establish an Information Strategy plan (ISP) for “Innovation in Building Blockchain for Seoul City”. Such initiative is notable for the city government’s intention to apply blockchain technology across the entire municipal administration by 2022.

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Specifically, the city government has already identified a number of sectors for blockchain applications including welfare, safety, traffic and other municipal affairs. Initial applications will see blockchains core characteristics as a secure, immutable ledger used for recording the personal information of citizens, paying out unemployed youth allowances and the sale of used car deeds.

According to the contract, Samsung SDS is now tasked to assess the environment and chart a roadmap toward both “introducing and spreading blockchain technology throughout the city’s municipal government’ over the next five months. Samsung’s software unit will design and propose future models alongside plans to systematically implement them across the city’s government and the public sector.

Hong Won-Pyo, Samsung SDS’s chief executive said, “Samsung SDS intends to contribute to the city becoming a world-class city by strengthening the transparency, fairness and civic convenience through its own blockchain technology and consulting capability.”

Featured Image: Depositphotos/© leungchopan

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