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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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South Korea Declares Andong City as Blockchain Free-Trade Zone to Boost Medical Hemp Production

The South Korean government has designated Andong City as a free trade zone for hemp production, leveraging a blockchain network.

by Nicholas Otieno
Jul 09, 2020

CRYPTOCURRENCY

South Korea Declares Andong City as Blockchain Free-Trade Zone to Boost Medical Hemp Production

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