Of the Korean government also existing a digital trade foundation, with aim to promote e-commerce export products and reduce time and cost due to trade finance with more than 90%. 

The South Korean united states is planning to establish a computerized trade foundation to reduce the expenses of trade by using blockchain technology.

Drive down trade costs by far more 90%
And even Oct. 14, South Korean Finance Minister Hong Nam-ki introduced the country’s Efficiency Plan for Digital Trade. As well as plan, technologies such as blockchain, big data and AJAI, will be applied to digitize the general Korean trade finance environment by the year 2021. Loan Minister Hong Nam-ki reportedly identified :

“We will build a eletrônica trading platform that can be easily additionally conveniently used in all arrêts of export, such as legal papers, customs and logistics. ”

Bassesse Minister of Commerce and as a result Industry Chung Seung-il contained that these initiatives are focused on The southern region of Korea’s lead in the globally digital trade market while upgrading the Korean over the internet export support base, adding :

“We will make trade more convenient to integrating and providing industry information and export foundation services of government and investment organizations. ”

South Korean trasportabile carrier on the blockchain

Cointelegraph reported on Sept. 11 which experts state Union Mobile, the fourth-largest mobile carrier in Towards the south Korea, announced the commencing of its blockchain project recognized as ELYNET. The project aims to use blockchain technology to help make telecommunications more efficient for those surfers who rely on a single jar for telecom service as well as those clients to use web data communication services without running around fees and contracts.

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