During his nine-day-long visit to Europe, Park Won-soon, mayor of Seoul, revealed that the South Korean capital is planning to implement blockchain technology across a number of key areas in the city’s government over the next five years.
The Blockchain Urban Plan will see the technology added to 14 public services in the city. The budget for the plan stands at estimaded 123 billion Korean won ($108 million). Services that will see blockchain introduction include voting, labor welfare certification issuance, etc.
The mayor visited the Swiss town of Zug, also known as the “crypto valley”. The town has gained fame among blockchain entrepreneurs for its pro-crypto regulatory and tax policy. Even though the town can boast only around 30,000 inhabitants, it is home to 32,000 companies, with many of them being related to blockchain in one way or another. The city used blockchain in a municipal vote this summer