South Korea is currently eyeing to implement Blocko’s blockchain system for real estate data processing. The blockchain solution by Blocko will enable the financial regulators to use government data by sharing it on a ledger in Jeju Province. Many major Korean banks such as Korea Exchange Bank and Korea Development Bank have already conducted real estate transactions in the blockchain.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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