• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Seoul authorities will introduce a cryptocurrency to reward citizens

August 10, 2019 By Crypto Reporter

The Seoul Metropolitan Government is creating S-coin to reward city residents for various activities

Seoul (image via Flickr)

The city of Seoul plans to introduce a cryptocurrency, S-coin, as well as administrative services on blockchain in November this year. According to local media sources, the city government met with business reps in July and discussed details of the new technology, the launch of which was expected back in 2018, writes Coindesk. 

Citizens will gain S-coins by taking part in public opinion surveys or paying taxes. Later the coins can be exchanged for a variety of bonuses. The government is also in the process of adding digital verification for its services and integrating blockchain when submitting e-documents. 

Part-time and temporary workers will be able to sign simple agreements with employers using the new system. The latter can also track their work histories, and maintain time sheets. 

In the future, the city of Seoul wants to launch other projects, connected with smart healthcare, donation management and online certificate verification. All the processes will be controlled by the city but operated by private enterprises.

More news:

  • Cryptocurrency Jargon
    Cryptocurrency Jargon
    August 23, 2021
  • MoneyGram to allow buying and selling cryptocurrency 
    MoneyGram to allow buying and selling cryptocurrency 
    May 19, 2021
  • PayPal expands cryptocurrency services to the UK
    PayPal expands cryptocurrency services to the UK
    August 28, 2021
  • Mastercard to offer cryptocurrency services in 2021
    Mastercard to offer cryptocurrency services in 2021
    February 16, 2021
  • WhatsApp adds instant transfers in cryptocurrency
    WhatsApp adds instant transfers in cryptocurrency
    December 15, 2021
  • PayPal now allows cryptocurrency transfers to external wallets
    PayPal now allows cryptocurrency transfers to external wallets
    June 8, 2022

Filed Under: General News, News Tagged With: blockchain, cryptocurrency, news, S-coin, Seoul

Primary Sidebar

Follow Us

Press Releases

Banxa and MetaMask Partner to Make it Easier to Access Web3

February 7, 2023

Orbeon Protocol (ORBN) vs Fantom (FTM): Which Will Offer Better Returns?

February 7, 2023

Orbeon Protocol (ORBN) Continues Upward Trend, While Filecoin (FIL) and Zcash (ZEC) Struggle

February 7, 2023

CoinDCX appoints former Flipkart exec Sridhar Govardhan as CISO

February 7, 2023

Public proof-of-concept testnet for new interoperable sidechain toolkit on Cardano now live

February 7, 2023

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter