The Busan City of South Korea announced on the 27th that the Busan Blockchain Free Zone designation period has been extended by three years to 2027 with the approval of the Ministry of Small and Medium Enterprises. As a result, Busan, as the only blockchain-free zone in South Korea, can continue to develop and commercialize innovative services based on blockchain technology.
The Busan Blockchain Free Zone was first designated in 2019 and has been promoting various verification projects using blockchain technology. The newly expanded "Real Estate Collective Investment Platform (Bbrick)" and "Medical My Data Platform (BHealthy)" are providing new possibilities for real estate investment and medical data utilization through blockchain technology. (PinpointNews)