DAPA Signs Blockchain Technology Accord

South Korea’s Defense Acquisition Program Administration (DAPA) has signed an agreement with national defence agencies to support the integration of blockchain technologies into defence projects.<br />DAPA said it signed the accord in late July with its two subsidiaries, the Defense Agency of Technology and Quality (DTaQ) and the Agency for Defense...

South Korea’s Defense Acquisition Program Administration (DAPA) has signed an agreement with national defence agencies to support the integration of blockchain technologies into defence projects.

DAPA said it signed the accord in late July with its two subsidiaries, the Defense Agency of Technology and Quality (DTaQ) and the Agency for Defense Development (ADD), and the Korea Defense Industry Association (KDIA).

According to DAPA, the new blockchain project will focus on applying related technologies to the procurement of military equipment and stores, equipment logistics, and the appropriation of funds. Under the agreement, DAPA said it would also review potential future blockchain applications such as certification, the delivery of equipment, import and export approvals, and the management of defence raw materials.

Source: www.janes.com