Ethereum

Future

Vision

<div class="cryptonews"> 
 <p class="is-style-lead">Busan, the second-largest city in South Korea, is embarking on an ambitious project to become a <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> city.</p> 
 <p>The project aims to integrate various <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>-based services from different platforms into one unified platform that will power the city’s development.</p> 
 <p>The development has a budget of $75 million and is led by the Busan Digital Asset Exchange Establishment Promotion Plan and Future Schedule Plan. The initiative will be compatible with leading blockchain platforms like Ethereum and Cosmos.</p> 
 <p>Busan is working with the Blockchain Innovation Fund (BIF) to fund the project, which supports <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> projects in the city. The BIF will raise funds from various financial institutions interested in investing in <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> technology.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Crypto accounts for 70% of South Korea’s overseas assets 
 </div> 
 <h2 class="wp-block-heading" id="south-korea-s-blockchain-vision">South Korea’s Blockchain Vision</h2> 
 <p>Busan’s blockchain city project is part of South Korea’s broader vision to promote the adoption and development of blockchain technology in the country. South Korea recognizes the potential of blockchain technology to transform various sectors of the economy, such as energy, identity, customs, property, and agriculture.</p> 
 <p>South Korea has taken several steps to foster a favorable <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> innovation and investment environment. For example, Korea Telecom (KT), the country’s mobile carrier, launched its <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> network to be used for energy management and identity verification. Moreover, the government plans to implement <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> technology for customs clearance, property transactions, and even tracking the history of cattle.</p> 
 <p>Busan is demonstrating its commitment to embracing digital innovation by pursuing its <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> vision. The country is positioning itself as a global hub for <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> technology and paving the way for future advancements in various sectors of the economy.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> South Korean regulators focus on OTC crypto market 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/south-korea-to-launch-a-blockchain-city-tbt63552.html">https://thebittimes.com/south-korea-to-launch-a-blockchain-city-tbt63552.html</a></p>

South Korea to launch a blockchain city

目次

TheBitTimes

2023年9月21日公開の他の記事

What is Trust Wallet? TWT Price Prediction 2023, 2024, 2025 to 2030

Grayscale Investments Aims High Again, Seeks SEC Approval for Ethereum Futures ETF

Bitcoin Price Predictions: Expert Opinions and a Glance into the Future

How to Inspect $CGPT On-Chain

stake.link Unveils New Features for Its Chainlink Staking Program

Web3 Studio Co-Founded by Google, EA, Zynga and Epic Games Vets Raises $33M

ニュースレターを購読して暗号資産の最新情報を毎日入手！