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The DAPA (Defense Acquisition Program Administration) of South Korea has launched a pilot project for the development of blockchain applications for the defense industry, according to an official notice of January 11th.
According to the program, the government ministry plans to provide grants of up to 600 million South Korean won (about $ 530,000) for each project.
Small and large defense companies are encouraged to apply for funding through the website of the Korea Internet & Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, the report noted.
According to the British newspaper Jane & # 39; s 360, the British movement is part of the country's efforts to contribute to the development of the so-called Fourth Industrial Revolution technologies (4IR). The country's 4IR goal was described in its defense industry development plan, introduced in 2018, which aims to develop emerging technologies such as robotics, artificial intelligence (AI), systems autonomous and big data analysis.
In September 2018, KISA revealed plans to extend its public blockchain pilot projects to revive the domestic blockchain industry. As part of the initiative, the South Korean government has planned to spend around $ 9 million to promote blockchain projects in all sectors of public and private sectors.
In December, Cointelegraph reported that a division for the US Air Force had developed a blockchain-based supply chain management tool to provide better visibility for the complex logistics network of the military. .
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