September 11, Seocho’s regional leader proposed a blockchain-based voting platform for local residents and praised the recent influx of developments related to cryptocurrencies across the country.
According to UpDown Korea, Cho Eun-hee, who is the local head of government of one of the richest districts in Seoul, believes it is the “right time” to start using blockchain technology “so that every citizen can easily express their opinion”.
The Seocho official urged the country to play a bigger role in our “modern, rapidly changing society” after the coronavirus pandemic. The latest decentralized innovations are known as the “fourth industrial revolution”.
If his proposal becomes a reality, it would be the first blockchain platform in the country to allow citizens to decide on local political issues.
Cho also claimed that blockchain technology was best “suited to strengthening democracy”:
“In the future, we are planning a direct democracy that everyone can trust by actively introducing blockchain to prevent security and counterfeiting. Various companies are being developed for this purpose, for example a blockchain academy that combines blockchain and administration. And intelligent senior -Businesses are being implemented. “
The government official believes that the district’s efforts could “lay the groundwork for nationwide blockchain adoption” in the country and that such a platform could allow citizens to engage in safe political discourse.
In April, Deputy Minister of Strategy and Finance, Koo Jun-cheol, said the blockchain market was a “golden opportunity” for the country. He also urged private sector companies across South Korea to tap into this potential.