Hot Topics
Coin Gecko

Advertisement

Advertisement

Blockchain Technology Continues To Make ‘Mooves’ In South Korea

 
Blockchain Technology Continues To Make ‘Mooves’ In South Korea
Breaking News / Blockchain

South Korea to many is considered as one of the leaders of the blockchain and cryptocurrency revolution. Like local rivals, Japan, South Korea want to be seen as one of the hottest places to be when it comes to cryptocurrency and blockchain technology. As a result of this, many of us do see a blockchain revolution happening in South Korea in the not so distant future, as a sentiment to their passion for technological innovation.

That’s if Japan doesn’t beat them too it of course!

Either way, this healthy rivalry is very important, it is encouraging a culture of collaboration and expression, one that is allowing blockchain developers to come to the fore and to really ensure that their skillset is shown as a part of this blockchain revolution.

According to recent reports, the South Korean government have explored yet another area that promises to be disrupted by blockchain technology, the food supply chain and food auditing industry. In this instance, the government have now decided to go ahead with deploying blockchain technology in order to keep on top of the ‘beef’ supply chain.

This move promises to make beef, as a food item more transparent, meaning that suppliers will be able to easily track the origins of their product, which in turn makes the whole industry more clear and more transparent to the customers. People consuming beef in South Korea will be given a far more clear picture with regards to how their food has been handled, prior to being stocked on the shelves of stores and markets.

According to FoodProcessing-Technology.com:

“The pilot programme will be jointly launched by the Ministry of Agriculture, Food and Rural Affairs, as well as the Ministry of Science and ICT. Initially, the programme will be tested in cattle farms and slaughterhouses in North Jeolla Province in December and is slated for an official launch in January depending upon the outcome of the test project.”

Furthermore:

“In order to avoid human intervention, the government will make use of internet of things (IoT) technology devices that will be attached to cows to enable automatic data storage in the blockchain using Bluetooth. The technology is expected to replace the paper certificates existing system.”

With blockchain technology deployed, the need for human interaction is reduced and an automated and far more efficient data recording system steps into action. This has great implications for food hygiene and also stock control, not to mention the money it could also save the relevant authorities in South Korea. Whilst it might seem like a bit of a benign industry for blockchain technology to disrupt, it makes clear the point of just how versatile and how important blockchain technology is - it can literally change everything.

You can share this post!