The conflict between the two Koreas may soon see an end. The historic meeting that took place on April the 27th has also been of importance for the blockchain and crypto community. Both countries have decided to sign an agreement for peace and record it on the Ethereum blockchain.
Korean Peace Process On The Ethereum’s Blockchain
As reported by CoinDesk Korea, the gamer and developer Ryu Gi-hyeok, was the individual in charge of coding the Panmunjom Declaration. The text is very important for the whole world and for both Koreas due to the fact that it is one of the first steps to end a war that started in the last century.
According to Ryu Gi-hyeok, the Panmunjom Declaration has been written in English and Korean, and published on the Ethereum blockchain.
Mr. Ryu Gi-hyeok commented about that:
“Although I was not interested in politics, I was overwhelmed by watching the summit. I just thought it was too long for the South and the North to give each other one step and listen to each other. After finding out what I could do as a developer, I found the Panmunjom Declaration from the Blue House homepage and recorded it on the Ethereum blockchain.”
The Declaration was written in the Ethereum block number 551,7596 will never disappear unless Ethereum is gone.
Blockchain technology is being used in many different industries in order to register different information and track important data. Health care centres, retail stores, logistic companies, and banks are already using distributed ledger technology.
The Panmunjom Declaration is special. The peace agreement between South and North Korea seems to be close to an end, finishing a war that started in 1953 and keeps until today. Blockchain and cryptocurrencies are also registering historical events like the one we recently witnessed.