South Korea plans to offer blockchain-based digital identities to the public by 2024

According to Bloomberg, South Korea plans to provide the public with digital identities protected by blockchains in 2024 and seeks to be adopted by 45 million people within two years. Under the plan, the government will lose access to information stored on personal mobile phones, including who used details of their digital IDs, how and where they are used, as the system will rely entirely on decentralized identity based on blockchain technology.