South Korea on the blockchain with KOSCO
South Korea on the blockchain with KOSCO
Blockchain

South Korea on the blockchain with KOSCO

By Fabio Lugano - 28 Jun 2018

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The revolution in public administration 4.0 is taking off. KOSCO is here, a multifunctional platform for public services.

South Korea on the blockchain with KOSCO. Leggi qui l’articolo in Italiano.

During a meeting in the Korean city of Daejeon, KOMC announced the creation, by the end of the year, of the KOSCO platform, based on blockchain technology and distributed on the cloud, created for the public administration of Seoul.

It is an instrument that can facilitate the distribution of various public services:

  • Concession of social security services through vouchers, created on the basis of the demand and supply of public services and which will be made available through mobile devices, such as smartphones;
  • Services of personal identification through blockchain and therefore of verification of personal identities, all this also with storing and therefore the comparison of biometric personal data, thus making simple and unequivocal the identification in all contexts, from security to the provision of public services;
  • Anchoring services, i.e. the possibility of transposing sets of data coming from private blockchains onto the public network, thus allowing the public administration to certify and make data of private origin completely non-modifiable;
  • Provision of APIs for access to public databases.

Up to now, KOMC has always been concerned with security in the production of identity cards and other documents that require special levels of security.

Now, with the creation of this blockchain platform, it will take security to a completely different level, suitable for a 4.0 public administration.

After all, South Korea is one of the biggest developers of blockchain applications, with also the Seoul Customs who are actively experimenting with the use of this tool in the issue of certificates of origin.

Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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