South Korea National Pension Service to Touch to Blickcain

The National Pension Service of South Korea, the third largest public pension fund in the world with over 800 billion dollars under management, seeks to touch blockchain technology for transactions.

A report In the local economic daily in Seul, it states that the national pension service, whose property was standing at over 1,224 trillion of Korean victories, or about 836 billion dollars, aims to investigate use hi through its fund transactions to reinforce transparency.

NPS, which has previously said that there are no immediate plans to buy cryptocurries, but bet in Bitcoin actions (Btc) Purchasing the company’s strategy, it is reportedly desired at the main advantage of the Blockchain network. The Fund Head also invested in CRIPTO Exchange Behemoth shares.

In addition to transparency, a public pension fund targets improved security. According to the Economic daily Seoul, NPS will make Blockoin for deposits management, withdrawal of customers and investments.

The NPS will start this initiative by initiative disclosure and plans to seek the contribution of superior shapes for the shaped shapcorn throughout the industry. The feedback phase will support the research study designed to assess the project feasibility.

Once this phase is concluded, the NPS will officially present the project, with successful integration bridging Blocchain technology characteristics leading South Korea Public pension fund. According to the report, Blokchaine’s advantages will be crucial to mitigate the challenges regarding unauthorized records it governs.

The search for the NPS for touching Blockoin is not a completely endeavor, which is considered for the first time. She paid functions to monitor the transactions of pension funds of foreign clients.

The movement of the NPS comes in the middle of the increase in the number of people who invest in the cryptocurrency in the country.

As a cripto.news recently pointed outCrypto investors in South Korea surpassed 16 million, hit 14 million in March 2024. and more than 15 million Donald TrumpWin in US elections in November.