SEOUL — South Korea’s first blockchain technology support center will open in the southern port city of Busan to efficiently assist blockchain companies. The center will provide various services including consulting, legal and marketing-related advice, and educational programs. Companies can demonstrate various blockchain-based platforms inside the center size of about two football fields. 
 
Blockchain is basically a virtual ledger network system that is de facto unhackable. When a change is made to a ledger, the same change in data is made to all other virtual ledgers connected to the same network. Blockchain is also a decentralized network as it normally does not have a central server to control and monitor data flow. Each ledger plays the role of an independent data node in the network.   

Busan has a special demonstration zone to test blockchain-based logistics and tourism-related services. The city currently operates a blockchain-based integrated certification service app called “B Pass.” It allows users to digitally carry ID cards and national certificates in a smartphone app. Users can take subway trains and city buses without using an additional transport card or other forms of payment.

Busan said 16 selected companies will enter the facility in December 2022. The building with a conference room, lounge and other special spaces will be also used to build a cooperative workforce and support all blockchain…