South Korea's Military-Affiliated DAPA Agency Plans a New Blockchain Trial for Data Defense Protection

A South Korean agency charged to buy military equipment, the Defense Acquisition Program Administration (DAPA) has recently announced the launch of a new blockchain pilot project which has the goal of improving the business operations of the country’s defense sector.

With this new announcement, DAPA affirmed that it would create a new blockchain platform and that it would be used to prevent any kind of “illegal alteration” in the defense systems of the country.

The agency will work together with Korea’s Defense Agency for Technology and Quality and the Defense Development Agency. The three agencies will join forces to make the defense procurement operations more credible and to evaluate the blockchain pilot that is currently being tested.

This process would also be used to automate several aspects of the process and to eliminate the traditional paper documents out of this process. According to reports, the blockchain technology could also help to reduce the burden of the defense companies which act in the country because it will allow them to unify the management of transporting goods like firearms.

According to the senior coordination and planning officer of DAPA, Kim Tae-gon, the project will provide innovative services for the defense system using the blockchain technology.

Many government agencies in the country have recently been trialing the blockchain technology in a cross-sector trend.

For instance, the Korea Internet and Security Agency (KISA), which is a part of the Ministry of Communication and Technology, affirmed that the number of blockchain projects would be doubled soon. According to the agency, the blockchain pilot budget of the country would be more than $9 million USD for 2019.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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