South Korea approves blockchain payment pilot for government spending with six banks
- —Nine projects approved at the 45th ICT sandbox review on Sept 21
- —Six banks involved: KB Kookmin, NongHyup, Shinhan, Woori, IBK, Hana
- —QR-based blockchain payments to replace cards for government expenses
- —KT allowed to distribute its own documents via mobile e-notification
Why it matters: The pilot legitimizes blockchain payments in South Korea's public sector and could pave the way for a state digital currency.
Source: Digital Today
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