New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021
Joeri Cant's original article for cointelegraph.com reduced by 50%
The South Korean government is planning to establish a digital trade foundation to reduce the costs of trade by using blockchain technology. Under the plan, technologies such as blockchain, big data and AI, will be applied to digitize the entire Korean trade finance ecosystem by the year 2021. "We will build a digital trading platform that can be easily and conveniently used in all stages of export, such as contracts, customs and logistics." "We will make trade more convenient by integrating and providing trade information and export support services of government and trade organizations." South Korean mobile carrier on the blockchainCointelegraph reported on Sept.
11 that Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET. The project aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service and allow those clients to use data communication services without roaming fees and contracts.
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CN [too long; didn’t read]
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