According to a recent report, the South Korean military arm in charge of acquisition, (the Defense Acquisition Program Administration (DAPA)) has launched a blockchain pilot project designed to help improve business-related operations of the country’s defence sector.

DAPA to Collaborate with Two Other Agencies

According to (DAPA), the plan will involve developing a DLT based platform to not only help prevent “illegal alteration” of defence business data but to provide other yet to be listed benefits.

To ensure the success of the mission the agency is tasked with, DAPA will collaborate with Korea’s Agency for Defense Development and Defense Agency for Technology and Quality. Working together, these three agencies will ensure that defence procurement operations are well documented. They will make sure that all steps of procurement right from the initial bids to the final evaluation, are recorded on the blockchain. This will ensure maximum credibility.

Furthermore, DAPA mentioned that:

“In addition, management of…

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Source: https://thebitcoinnews.com/south-korean-government-agency-to-track-military-acquisitions-using-blockchain-technology/