In a public statement issued on March 22, Park Yuan-fu stated that he will work hard to establish blockchain-oriented industrial clusters and start-ups, and develop Seoul’s own cryptocurrency S coin. In order to achieve this goal, he will help Formulate the necessary system and legal basis.
Park Won-sun stated: 'Because Seoul is a world leader in the field of information and communications, including the fourth industrial revolution, I think it should actively study new technologies such as blockchain. In order to create S coin, we must prepare the system and laws. stand by. '
Park Yuan-tong emphasized the potential use of this technology in all administrative fields in Seoul, such as infrastructure management for public transport and electricity, water and natural gas.
The Korean National Daily reported that Seoul’s blockchain plan is expected to be launched in April this year.
In the end, Park gave a reference to the Korean government’s strict policy on cryptocurrency and suggested that relevant departments create a more liberal regulatory environment in the future.
In November 2017, the Seoul Metropolitan Government announced the development of an information strategy plan with Samsung SDS to implement Seoul's blockchain-based municipal innovation by 2022, which will cover the areas of welfare, public safety and transportation. Improve the transparency of government services.