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South Korea is developing a blockchain identity platform for autonomous vehicles

May 9, 2020

The city of Sejong, planned by the South Korean government – the country’s test site for important smart city solutions – announced this on Friday A blockchain-based platform will be set up, on which the digital identities of autonomous vehicles can be saved and checked.

An Asian media company, Aju Business Daily, reported that the South Korean Ministry of Science and ICT, together with the country’s Internet Technology Watchdog agency, the Korea Internet Security Agency, will oversee the development of the verification platform. and identity management.

According to an official from Sejong City, the blockchain-based technology platform is “It will greatly improve the credibility of the data by increasing the security of the information shared by the cars and their control tower.”

Prepare for illegal cloning of driverless cars

South Korea is developing a blockchain identity platform for autonomous vehiclesSouth Korea is developing a blockchain identity platform for autonomous vehicles

While autonomous vehicles are still far from the traditional world, Sejong has already started preparing to fight crime related to these advances.

The LG Group’s technology wing, LG CNS, and an autonomous Korean ferry manufacturer will work with the Sejong City Government to develop a blockchain-based encrypted identifier called the decentralized identifier or DID. This could help prevent illegal identity cloning or piracy of autonomous vehicles.

The report explains that the identity verification system provides multiple layers of encryption for data that is shared by roadside vehicles and facilities using vehicle-to-everything or V2X communication.

South Korea is a leader in blockchain innovation

The South Korean government has shown great interest in blockchain technology and its implementation in key industries. In April The government said blockchain was a “golden opportunity” and urged private sector companies to use their potential for technological innovation.

Although the government was previously unsure about cryptocurrencies, it has made consistent efforts to legitimize crypto and provide favorable regulations. Cointelegraph also reported that the Bank of Korea has launched a pilot program to assess the logistics of issuing a digital currency from the central bank (CBDC).

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