$ 29,366.00 3.90%
$ 1,978.83 4.93%
$ 49.72 8.75%
$ 0.083856 5.04%
$ 7.53 8.10%
$ 1.38 3.53%
$ 0.000165 14.86%

South Korea is looking to integrate blockchain in military operations

south korea blockch

South Korea is now introducing blockchain technology is its defense systems. Recent news suggests that the DAPA just announced that blockchain platform will be introduced in the defense sector for the purpose of preventing any unauthorized alteration in the data of the sector.

The DAPA was made for administering projects that are going to improve the defense industry. The purpose of this integration is to secure the data in the defense database completely.

To achieve this goal a prototype version of the blockchain was launched by the SK agency for military acquisitions. Along with DAPA the ADD and the DTaQ. All of these three institutions are striving to achieve the same goal and that is to improve the reliability of the defense system. They plan to execute this plan by utilizing the blockchain technology.

Through the integration of blockchain, the paperwork inconvenience during the business proposal submission will now be automated. Unlike the conventional troublesome methods, this is easier and more efficient as it saves time and energy. Another plus point is that the system can carry out combined management of firearms transportation permits. This will help the defense companies as well.

Many government companies had their eyes on the blockchain technology since 2018. They had seen the visible prospects and benefits of integrating it into a system like government agencies. This is probably why they were so eager to try it out.

KISA plans to multiply the number of current prototypes blockchain initiatives and wants to increase blockchain adoption on a wider scale. It also claimed to increase the budget from nine million dollars ($9 million) for 2019 alone.

The integration of blockchain technology is on the rise in South Korea. This is because the Korean Ministry of Science, ICT and Future Planning along with the Ministry of Oceans and Fisheries have shown interest in integrating the technology in their systems too. They have also launched a prototype blockchain that aims to bring new facilities to the container shipping industry.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Michael Saylor says market crash will benefit Bitcoin
Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
RoboApe could be valued over Dogecoin and other crypto-memes.
Bitcoin, Ethereum, Cardano, and Tron Daily Price Analyses – 23 May Roundup
XRP Price Prediction 2022-2030 [After Lawsuit]

Follow Us

Industry News

Coinbase adds Avalanche and MATIC to its wallet
Irina Berezina, Operations Lead of UpLift DAO, Attended Avalanche House
eBay jumps into declining NFT business with Wayne Gretzky's help
Crypto crowd’s shocking prominence in Davos
Balenciaga U.S. stores to accept BTC and ETH starting June 2022