South Korean City to Launch Blockchain Platform for Self-driving Vehicles

Sejong City in South Korea is developing an identification and verification platform for self-driving vehicles using the blockchain technology.

The city will use blockchain to guard and verify the data received from the autonomous vehicles. The budget for the blockchain project amounts to $817,000, and it is expected to be launch next year.

Several tech companies, led by LG CNS, the electronics giant’s IT wing based in South Korea, will develop a decentralized identifier (DID) that will be used by autonomous vehicles. 

The government official of Sejong city expects the blockchain platform to increase the credibility of data by strengthening the security of information shared by cars and their control tower. 

Sejong city has become the testbed for new technologies in the East Asian country and currently supports some of the most advanced smart city technologies in the world.