South Korea Introduces Blockchain Voting Platform for Housing Sectors

South Korean Government plans to introduce blockchain voting platform via Ksign. It will support video conferencing and electronic payments.

By · Sep 17, 2020 . 6min read

Blockchain Voting Platform South Korea news
Photo by Cyrus Crossan on Unsplash

The South Korean government is taking the blockchain technology to the housing sector. It aims to introduce blockchain technology into the country’s sector. ZDNet Korea reported that South Korea’s Ministry of Science had chosen a local firm, Ksign, for this project to develop a blockchain voting platform. 

This news comes after Cho Eun-hee, the local government leader of the Seocho region, recommended that the South Korean government start the formulation of a blockchain-powered system for its citizens. He elucidated that it is high time that the South Korean Government begins utilizing blockchain technology. Additionally, he went on to recommend South Koreans to put forward their opinions about blockchain development in the country. He urged the government to attempt to play a role in the quickly developing modern society, particularly with the COVID-19 pandemic’s ubiquity.

Ksign to Promote Social Distancing via Blockchain Voting Platform

According to the report, Ksign will build a contact-free platform to allow residents to interlace with electronic voting while savouring other advantages. Advantages include parking space management and a few other housing-based measures. The new blockchain platform will enable people to vote from their houses. The South Korean government appears to be making this move after its latest legislative elections on April 15, 2020.

The platform will aid social distancing. The platform’s developers think this will promote public health in flat spaces. The blockchain platform will be accessible for homeowners, residents, and the management of apartment buildings. In supplement to electronic voting and parking space management features, the platform will also provide video conferencing and electronic payment solutions.

While commenting on the platform’s development, Keo Ja-in, Vice President of Ksign, stated that they are producing a decentralized identifier (DID) applied to the token ecosystem. They intend to achieve this by managing personal data and supporting users’ identity by regulating personal information. He further stated that their main aim is to develop a token ecosystem adopted in any store. However, the DID is a new type of digital identifier that supports a verifiable, decentralized digital identity.

Conclusively, the developers have provided no information about platform development. Nonetheless, South Korea will hold its presidential elections in 2022. Thus, it would be interesting to view blockchain technology, performing a significant role in the upcoming election.

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