South Korea as a suitable model for national planning in the development of blockchain technology ecosystem

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sayyadi Mohammad Kazem; Farazmand Atefeh

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Journal Paper

Paper Information

Journal: Roshd-e-Fanavari Year:2021 | Volume:17 | Issue:68 Page(s): 62-71

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Information Journal Paper

Title

South Korea as a suitable model for national planning in the development of blockchain technology ecosystem

Author(s)

sayyadi Mohammad Kazem | Farazmand Atefeh | Issue Writer Certificate

Keywords

Blockchain Technology

Policymaking

Vertical Businesses Ecosystem

Development Requirements

South Korea

Abstract

Blockchain is a distributed and intact database technology that can be used to store any data, including financial transactions, and has the ability to build trust in an unreliable environment. In the blockchain, trust is transferred from centralized intermediaries to technical infrastructure developers, leading to reliable transactions between nodes that are not necessarily trustworthy. Blockchain as a disruptive technology will affect the economy and governance in societies. Different blockchains run different governance mechanisms. All blockchains fall into a range that ranges from completely public and unlicensed blockchains such as Bitcoin to completely private and licensed blockchains. Blockchain, which is the basic technology of cryptocurrencies, will establish a new economic system by making deep changes in our communication methods over the Internet. This technology will change information security, transparency and governance. Due to the emphasis of this technology on security, trust and transparency, different sectors and different vertical businesses tend to use this technology. With the expansion of the use of this technology in different companies and countries, it is necessary to determine the country's plan to manage this technology. Therefore, it is necessary to determine the requirements for the development of the blockchain ecosystem in the country. In this article, we review the plan and strategy of South Korea as a model for the development of this technology in our country. Then, using the program of this country, we will present the requirements for developing the blockchain ecosystem in our country.

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APA: Copy

sayyadi, Mohammad Kazem, & Farazmand, Atefeh. (2021). South Korea as a suitable model for national planning in the development of blockchain technology ecosystem. ROSHD-E-FANAVARI, 17(68 ), 62-71. SID. https://sid.ir/paper/958144/en

Vancouver: Copy

sayyadi Mohammad Kazem, Farazmand Atefeh. South Korea as a suitable model for national planning in the development of blockchain technology ecosystem. ROSHD-E-FANAVARI[Internet]. 2021;17(68 ):62-71. Available from: https://sid.ir/paper/958144/en

IEEE: Copy

Mohammad Kazem sayyadi, and Atefeh Farazmand, “South Korea as a suitable model for national planning in the development of blockchain technology ecosystem,” ROSHD-E-FANAVARI, vol. 17, no. 68 , pp. 62–71, 2021, [Online]. Available: https://sid.ir/paper/958144/en

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