South Korea’s national pension service to track its fund’s $ 890 billion fund transactions

South Korea national pension service (NPS), which It runs 1,224 trillion Won (836 billion dollars) in assets, plans to consider how Blockchain is used in its box transactions systems.

The organization weighs a shift to Blockchain technology to enhance transparency and security in managing its deposits, withdrawing and investing them Daily Economic SeoulWhich the sources of industry were martyred.

The news port said that NPS plans to start the initial disclosure process, and invite Blockchain experts and companies for the official before launching the initiative.

This counter -feeding stage, the standard for major public projects in Korea, will reach a research study in the feasibility of merging Blockchain into the retirement fund accounting system. NPS is specifically looking at how the Blockchain joint professor’s book prevents the tampering of boxes, a decisive task for the institution to ensure retirement safety for millions of people.

NPS has been used by Blockchain to track retirement recipients abroad. Although he does not think about investing directly in Bitcoin (BTC) or other cryptocurrencies, they are indirectly exposed to the sector after investing in both Strategy and Coinbase Arrows.

The initiative comes shortly after South Korea 7-Eleven stores started accepting the Korea Bank The central bank’s digital currency as part of a major experience.

Responsibility: The information collected for this article has been translated using artificial intelligence.