FFS requested in Korea to work with blockchain technology

A report written by the South Korean Financial Supervision Service issued a recommendation to regulatory agencies and local companies to include blockchain technology in stock exchange systems.

According to the report, the use of blockchain technology would help increase efficiency in terms of integrity and security in the monitoring of stock transactions.

The analysis carried out by the FSS ensured that this use has already borne fruit in countries such as the United States, Japan, the United Kingdom and Australia. Cases like the Nasdaq stock exchange in the US gave good results.

The creators of the proposal said that their main objective is to “establish long-term planning and continue to promote pilot projects.”

It is evident that blockchain technology is increasingly making its way into the world of financial security, as an alternative that offers stronger guarantees in terms of supporting information.

K. Tovar

Source: CCN

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