Ethereum And Cosmos Compatible With A City, South Korea Wants To Make It Happen | Headlines | News | CoinMarketCap
09/21/2023 21:15
A local report confirmed that Busan, the second most populous city in South Korea, plans to use the Ethereum and Cosmos for its project “Blockchain …
A local report confirmed that Busan, the second most populous city in South Korea, plans to use the Ethereum and Cosmos for its project “Blockchain City.” The Asian city has been developing its blockchain capabilities for a while and plans to double down on its efforts.
South Korea’s Blockchain City To Operate On Ethereum And Cosmos
The report claims the project is expected to be completed by 2026 as part of the Busan Digital Asset Exchange (BDAE) and Future Schedule Plan. The South Korean city has been experimenting with different implementations of blockchain technology.
Busan is looking for ways to offer services, such as digital vouchers and others, and for ways businesses can operate on the blockchain. However, the experiments hit an obstacle due to the difference between the …