Kakao, Korean Government to Solve Social Problems with Blockchain

GroundX, the blockchain subsidiary of the South Korean messaging giant Kakao, has announced it will work with a government-backed agency to develop blockchain projects focusing on social and public services.

According to a report from CoinDesk Korea on Monday, Lee Jong-Gun – who joined GroundX from a UN big data initiative last month – announced the collaboration during the firm’s “Blockchain for Social Impact” event.

For the effort, GroundX will work with the Seoul Digital Foundation, an organization created by the Seoul Metropolitan Government in 2016 to advance digitization of the national capital’s infrastructure.

While Kakao did not provide details of projects that might be developed as part of the initiative, Lee presented several cases where blockchain is being used to solve social issues, such as tracking the temperature during the distribution of heat-sensitive vaccines in developing countries.

For the effort, GroundX will work with the Seoul Digital Foundation, an organization created by the Seoul Metropolitan Government in 2016 to advance digitization of the national capital’s infrastructure.