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.
Seoul
Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.
The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.
The Seoul Metropolitan Government will establish its first blockchain-based administrative services in November.
The mayor of Seoul plans to invest $100 million over the next five years to develop the South Korean capital as a smart city powered by blockchain.
The South Korean city of Seoul is developing the 'S-Coin,' a cryptocurrency that could be used in social benefits programs.
