Samsung has signed a contract with the state sector of Seoul to develop the Blockchain platform

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And also this agreement includes position about the creation of a new technological Blockchain platform to ensure welfare, public safety and transportation by 2022. The hope is to increase transparency of public services.

While the nation has banned ICOs, they have been using Blockchain technology. The need for technological changes has become increasingly evident, as the world becomes technologically interconnected.

Emerging technology has become a basis for new government systems to create a combination of security and transparency. Since Blockchain technology is a systematic approach to creating and monitoring data, governments are rushing to use it for solution.

Samsung SDS has already commercialized its Nexledger platform and applied it to the Samsung Card. The company has also suggested that the platform would become a viable solution for logistics delivery and has also tested those opportunities.