Cryptocurrencies

Seoul Metropolitan Government uses ICON to appoint new members to blockchain team

The Seoul Metropolitan Government is using Korean cryptocurrency ICON to appoint new members to its blockchain governance team.

The ICON team released an official announcement on Friday, in which it states that Seoul’s government has “issued mobile letters of appointments” to incoming staff using ICON’s public blockchain.

ICONLOOP developed the mobile letter system. The system stores team members’ names, identification numbers, and membership details.

As the information is stored on the ICON blockchain, it makes “falsification and fake issuance impossible.” Authenticity can be verified in the ICON tracker.

The South Korean capital is hoping to build a name for itself as the ‘Blockchain City,’ much in the same way Malta is often dubbed the ‘Blockchain Island.’

As part of their initiative to increase blockchain-led infrastructure, the Seoul Metropolitan Government organised the “Seoul Blockchain Governance Team” in October 2018.

The team consists of 100 citizens including students, developers, and corporate representatives, all of whom are collaborating in blockchain-based administration services.

“We expect the increase in public blockchain use cases led by government, and this appointment letter issuance is a starting point to show a clear example of how blockchain can be used in government,” said J.H. Kim, council member of the ICON Foundation and CEO of ICONLOOP.

Kim added: “ICONLOOP will focus on improving development capability to provide transparent and efficient blockchain-based administration services, cooperating with Seoul Metropolitan Government.”

For more news, guides, and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB

Grand Cayman, Cayman Islands, 26th July 2024, Chainwire

11 months ago

Ethereum could soon surpass the 3K price point

As usual, the crypto market is keeping everyone guessing what could happen next. After an…

11 months ago

Agoric Unveils Orchestration for Next-Gen Web3 Applications

San Francisco, United States / California, 10th July 2024, Chainwire

11 months ago

Solciety’s PolitiFi Meme Coin Presale Raises $600K+ in First Two Weeks

London, United Kingdom, 2nd July 2024, Chainwire

12 months ago

PrimeXBT to democratise financial markets with total revamp and upgraded product offering

Majuro, Marshall Islands, May 22nd, 2024, ChainwireLeading Cryptocurrency broker, PrimeXBT, has just launched a total…

1 year ago