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South Korea State Defense Arm DAPA to Build Blockchain Platform for Military Acquisition


South Korea’s state arms procurement agency DAPA plans to use blockchain for secure sharing of data about military acquisition projects.

South Korea’s Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10.

The state arms procurement agency says it is seeking to use a blockchain platform to enable the secure sharing of data about military acquisition projects between relevant governmental organizations and to eliminate data forgery.

According to the press release, the new initiative will involve such organizations as the Agency for Defense Development and the Defense Agency for Technology and Quality.

Apart from improving the credibility of defense projects with blockchain, DAPA also intends to reduce the paperwork associated with applying for state procurement projects, as…



Read Full Story : Cointelegraph.com News

2019-04-10 17:00:00

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