Samsung SDS gets Seoul blockchain project

Samsung SDS has won an order from the Seoul city government to design a roadmap to apply blockchain for administrative use
27 November 2017   1513

Samsung SDS announced on November 26 that it will expand its blockchain business from industries to the public sector, representing its agreement with the Seoul Metropolitan Government.

The software solution development unit of Samsung will work on the Seoul Metropolitan Government’s project to create an information strategy plan based on blockchain technology.

Seoul intends to adopt blockchain technology to its administrative work within the city’s welfare, transportation affairs and by public safety 2022 to enhance transparency operations and raise convenience for citizens.  

Samsung SDS’ blockchain technology and consulting capabilities will contribute to Seoul’s leap as a top-rate global city.


Hong Won-pyo

CEO, Samsung SDS

Last month, Samsung SDS also tested the application of the Nextledger to logistical systems by shipping companies, including Hyundai Marine Merchant.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   101

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.