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"Recently, the Busan Development Institute, located in the second-largest city in South Korea, Busan, published a research report on the development of regional cryptocurrencies. Researcher Hwang Young-soon presented a research report titled ""Combination of Regional Currency and Blockchain Technology"" on December 2nd, demonstrating the potential of a new approach to building cryptocurrencies using blockchain technology for revitalizing regional economies. According to Researcher Hwang, the integration of blockchain technology with regional currencies could contribute to the operation of public sectors related to social and economic activities such as volunteer services and charity.
The report particularly emphasizes that blockchain technology, with its characteristics of low cost, transparency, and decentralization, could enhance the activation of regional economies when combined with regional currencies. It could become one of the ways for the continuous development of regional economic communities." |
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