Blockchain Development Company in South Korea



Blockchain In Korea
As a cutting-edge-technology, blockchain has gained massive adaptation in 2018  and  South Korea is making huge investments towards blockchain technology, following the nation’s tradition as a tech pioneer that fastly adopts the latest technologies.
Since there are some exchanges and ICOs banned in Korea, It doesn't stop its investors in adopting Blockchain Technology. And this blockchain technology has gained mass adoption in industries such as finance,  trade,  logistics, and health care. 
Blockchain Regulation in Korea
In South Korea, there is no existing regulatory regime that mentions cryptocurrency as regulated assets. However, the Korean Regulators apply the existing Korean laws and regulations for cryptocurrencies.
Busan a well-known Metropolis of South Korea has been declared as a “regulation-free” zone for blockchain development by the Korean Government. 
On July 24, The Ministry of SMEs announced that Busan, as the second-largest city in the country will adopt blockchain technology in various aspects such as finance, public safety and tourism, banking and a lot more. 
Blockchain Projects in Korea
1. South Korean Government planned to develop a virtual power plant in Busan City which works based on blockchain technology.
2. Ministry of Maritime Affairs and Fisheries has announced its launch of blockchain pilot for the process of tracking of containers in the Port of Busan
3. The largest blockchain project ICON is used by the Government of Seoul to issue documents and perform a wide range of administration-related tasks.
4. The DAPA (Defense Acquisition Program Administration) has started implementing blockchain platform to protect them from the unauthorized alteration of defense business data.
5. The Korean Government has introduced a pilot project that uses blockchain to track the status of beef throughout the supply chain.
Bitdeal - Blockchain Development Company in Korea
As, knowing the potential benefits of blockchain development in Korea, Bitdeal started providing our exclusive blockchain development services in and around Korea. Our targeted metropolis in Korea includes Seoul, Busan, Ulsan, Daejeon and so on.
We are happy in expanding our blockchain solutions for major Korean Industries such as Telecommunication, Government, Agriculture, Supply Chain and lot more.

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