South Korean Government Exploring Blockchain in ShippingSouth Korean Government Exploring Blockchain in Shipping
By Mary Kihoro - December 18, 2018

Two government ministries in South Korea, Ministry of ICT and the Ministry of Ocean and Fisheries, have launched a pilot project that will test how blockchain can be used to make the countries shipping industry more efficient. Back in June, the government of South Korea announced that it had set aside $9 million to carry out a series of tests touching on blockchain. Other areas other than shipping that will be part of the series include online voting and real estate transactions.