Seoul Metropolitan Government to Develop a Crypto Rewards Program for its Citizens via S-Coin

  • The administrative authorities of Seoul have been looking to make use of a blockchain-based governance platform for quite some time now.
  • In this regard, Mayor Park Won-soon has been a vocal advocate of using such technology since last year. In fact, he unveiled the Blockchain City Seoul Promotion Plan last October which seeks to complete a total of 14 blockchain administrative projects by the end of 2022.

As per a report released by a Korean media outlet recently, the metropolitan government of Seoul is all set to deploy a blockchain-based administrative framework that will help in streamlining payments as well as other everyday activities.

The project has a completion deadline for November 2019 and as part of the scheme, a new blockchain points system will be deployed across Seoul — which will allow local residents to receive S-coins for carrying out certain tasks (such as participating in public polls, paying taxes timely). Additionally, it also bears mentioning that these accumulated coins can be redeemed at a later stage in lieu of different rewards.

The aforementioned points system will come laden with a module that supports ZeroPay — a QR-code-enabled network — that allows its users to pay for their daily goods via their phones (that too without any added commission of any sort).

The program will also see the implementation of a new service that will allow citizens to upload their educational documents onto a decentralized blockchain — thereby making it easier for people to apply for jobs.

Other services that will also eventually become part of the aforementioned framework include things like smart healthcare and donation management.

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