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Korean Government To Use Blockchain In Maritime Logistics

14:26 19/12/2018

Two ministries of South Korea have cooperated to test blockchain technology in the field of cargo delivery by sea routes, Coindesk reports.

 

The South Korean government is intended to improve the efficiency of maritime logistics and suggests that distributed ledger can be of great help in this.

The Ministry of Science, ICT and Future Planning together with the Ministry of Oceans and Fisheries have launched a blockchain-based pilot project, which should improve the transportation system of containerized cargo by sea.

 

The testing of the system will take place in the seaport of Pusan, located in the south of the country, starting in December 2018 and throughout the next year. The participants expect that it will help improve the exchange of information in real time and make it transparent, and the documentation process will take much less time. In case of successful project implementation, it will be introduced across the country.

Back in the summer of 2018, the country's government announced six state projects using blockchain technology. Apart from maritime logistics, they will be implemented in the areas of animal husbandry, customs registration, online voting, real estate transactions, and international mailing of electronic documents.

 

In 2019, the South Korean authorities are going to double the number of blockchain initiatives in the public sphere, and to support at least three private projects based on DLT.

 

As previously reported, blockchain can be used during voting in the elections in South Korea.

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