The City of Seoul Will Create a Cryptocurrency for Citizen Rewards

The Seoul Metropolitan Government will establish its first blockchain-based administrative services in November, according to a report in the Korean-language blockinpress.

At a conference held last month and attended by city officials and representatives of the private sector, specifics of the roll out were discussed, with timelines and goals established.

The city's blockchain points system will be introduced and residents of Seoul will receive S-coins for the use of public services.

Seoul's point system will integrated with ZeroPay, a city-government sponsored QR-code-enabled network established last December.

It allows customers to pay for goods and services using their phones and does not charge merchants commissions.

In addition to the S-coin, a blockchain service for submitting qualifications without paper documents is also on the list for completion by November, as is the enhancing of the Seoul Citizens Card with blockchain to enable digital authentication for the use of public services.

By the end of the year Seoul would like to have its part-time workers rights program up and running.

While the blockchain services will be controlled by the city, they will be operated by private enterprises.

Seoul has been discussing the implementation of a blockchain strategy for some time.

Mayor Park Won-soon has campaigned on a promise to implement relevant solutions for the city, and the Blockchain City Seoul Promotion Plan was announced last October.