Jeju Island chooses Blockchain technology

To recover from the losses of tourism due to COVID-19, South Korea has launched a digital application powered by Blockchain. Specifically, for visitors to Jeju Island, also known as „Bit Island“, due to its adoption of the technology.

According to a press release from ICONLOOP, South Korea’s leading technology company Blockchain, all visitors to Jeju Island will now be required to use the Bitcoin Era application.

One of the country’s most popular domestic tourist destinations, which receives about 15 million visitors a year, also becomes an example of the use of the technology.

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It is a leading company in Blockchain technology in South Korea. The company’s technology is used for real-world applications in banking, healthcare, government and more.

Also, the Financial Services Commission (FSC) has approved ICONLOOP’s decentralized identity authentication (DID) service. In the space of testing standards and innovative financial services.

Jeju Island
Currently, it is the only autonomous province in South Korea. It is also the largest island in the country, with approximately 700,000 inhabitants and 15 million visitors a year. Similarly, Jeju Island is home to a small technology center.

Additionally, in 2005 the Jeju Science Park was created. A complex for technology companies and organizations. As if that were not enough, since its implementation, it has attracted 117 IT and biotechnology companies.

Therefore, the local government wants to strengthen its capacity to track visitors in case of a COVID-19 infection. While ensuring confidentiality.

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Agreement between ICONLOOP and Jeju Island
It is worth noting that ICONLOOP and the Special Autonomous Province of Jeju have signed a cooperation agreement. First of all, for the prevention of COVID-19 and infectious diseases.

In particular, visitors will use a cell phone application to register at tourist and business destinations on Jeju Island. In fact, their information will remain personal unless a case of COVID-19 is discovered.

In this regard, Tae-bong Lim, Director of Health and Welfare of Jeju Autonomous Province, said

„Through this new infectious disease prevention system, Jeju Island will be able to be reborn as a safe and representative tourist destination in Korea.

He added: „We hope to revitalize the local economy. It has been disrupted due to the prolonged COVID-19 pandemic.

Similarly, Jong Hyup Kim, Executive Director of ICONLOOP said: „This cooperation with Jeju Island is opening up new possibilities for the real-life application of Blockchain’s DID authentication. In the post-COVID-19 era.