The Blockchain frenzy in South Korea has now reached the housing sector, with the nationwide authorities pledging $1.27 million in funding for a blockchain-based platform that targets condominium residents throughout the nation.

According to ZDNet Korea, the South Korean Ministry of Science, or ICT, selected a neighborhood agency, Ksign, to develop a contact-free platform which can let residents interact with digital voting, parking area administration, and different housing-based governance measures.

The platform will even help with social distancing, mentioned the announcement. The undertaking’s creators additional famous that they anticipate it’ll “strengthen public well being within the condominium areas.”

Householders, residents, and administration will be capable of use the platform, which will even present video conferencing and digital cost options.

Keo Ja-in, vp of Ksign, commented on the upcoming platform:

“We’re creating a DID that may be utilized to the token ecosystem by controlling private info and verifying the identification by controlling private info. The purpose is to additionally create a token ecosystem that can be utilized in any retailer.”

The top of the Seocho regional authorities not too long ago proposed a blockchain-powered voting platform for residents and praised the latest inflow of crypto-related developments throughout the nation.