PlayIconNav
BTC
$99,140.56+2.20%
ETH
$3,379.92+7.66%
SOL
$259.25+7.12%
BNB
$627.03+2.57%
XRP
$1.37+23.53%
DOGE
$0.39144472+1.65%
CD20
$3,237.14+7.37%
ADA
$0.86199907+10.63%
TRX
$0.19795219-0.28%
AVAX
$35.91+5.09%
SHIB
$0.00002469+2.40%
WBTC
$98,551.29+1.97%
Ad
Markets
Election 2024

Samsung Inks Deal with Seoul Government for Blockchain Platform

Samsung SDS announced yesterday that it has signed an agreement with the Seoul Metropolitan Government to build out blockchain services.

By Sujha Sundararajan
AccessTimeIconNov 27, 2017 at 9:00 a.m. UTC
Updated Aug 18, 2021 at 7:33 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
samsung

Samsung SDS, an IT subsidiary of the South Korean electronics giant, has revealed it is to establish a blockchain-based platform for the public sector.

According to Korea Herald report, Samsung SDS has signed a deal with the Seoul Metropolitan Government to help develop its "information strategy" plan – using blockchain to support administration across welfare, public safety and transportation affairs in the capital by 2022.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • Hong Won-pyo, CEO of Samsung SDS said:

    "Samsung SDS' blockchain technology and consulting capabilities will contribute to Seoul's leap as a top-rate global city."

    The city's government is seeking to enhance transparency and improve convenience for the public using blockchain technology, the article added.

    The announcement follows seven months after Samsung unveiled Nexledger – an enterprise-grade blockchain platform hosted in the cloud – that targeted consortia blockchain efforts.

    Samsung image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.