The South Korean city of Busan aims to create a blockchain region in its city in the future. Busan made an agreement with FTX in line with this goal.
In addition, Busan has also made an agreement with FTX to develop blockchain-based businesses.
Busan Is On Its Way To Become A Blockchain City
Busan is taking concrete steps towards becoming a blockchain hub in the future. The port city, which made an agreement with Binance in the past months, will work together with FTX to establish the Busan Digital Asset Exchange, according to the news in Busan Metropolitan City.
The agreement states that FTX will further develop and promote education in blockchain in conjunction with regional universities. It will launch projects in the Busan blockchain special free zone. Mayor Park Hyung-jun said that he will not abandon his efforts to make Busan a blockchain hub.
Additionally, Hyung-jun said about the deal:
“With this agreement, we will help establish the Busan Digital Asset Exchange and provide the beginning of a new growth for the local economy”
Several blockchain-based products and applications have been developed for use by the private sector, the general public. These include B Pass, a blockchain-based identity service, Busan Digital Voucher, a service that boosts local currency circulation based on its digital ledger, Citizen Safety Report, and B-Fresh, a seafood logistics service.
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