Home Ethereum News Korean Peace Treaty Made Everlasting on Ethereum Blockchain

Korean Peace Treaty Made Everlasting on Ethereum Blockchain

6 min read

Since 1953, North and South Korea have been divided alongside the 38th parallel – creating what’s now referred to as the famed Korean Demilitarized Zone (DMZ). On April 27, Korean leaders Moon Jae-in and Kim Jong-un signed the Panmunjom Declaration in an effort to finish the momentary armistice and name for a brand new period of peace between the 2 nations.

The Panmunjom Declaration, which states “there shall be no extra battle on the Korean peninsula,” was made public following the 2018 Inter-Korean Summit – marking a momentous shift in Korean historical past.

South Korean Developer Makes use of Blockchain to Perpetuate Treaty

Ryu Gi-hyeok, a 27-year-old sport developer who recorded the Panmunjom Declaration on the Ethereum blockchain.

In line with Coindesk Korea, South Korean developer Ryu Gi-hyeok printed the Panmunjom Declaration in each Korean and English by two transactions made on the Ethereum blockchain.

By publishing every model of the treaty within the enter fields of two separate transactions (English and Korean) utilizing hexadecimal information, Ryu made everlasting and immutable the document of the Panmunjom Declaration.

In an interview with Coindesk Korea, Ryu acknowledged:

“I wished to maintain the world document of North and South Korea on the earth of Crypto… The Panmunjom Declaration, written in Ethereum 551,7596 block, is not going to go away except Ethereum is gone.”

Ryu Gi-hyeok, a 27-year-old sport developer, and self-taught blockchain developer will not be a political activist however somewhat a standard supporter of the long-awaited Korean unification course of. Including to his assertion, Ryu stated:

“Though I didn’t pay a lot consideration to politics, I used to be overwhelmed by watching the summit. I simply thought it was too lengthy for the South and the North to offer one another one step and hear to one another. After discovering out what I may do as a developer, I discovered the Panmunjom Declaration from the Blue Home homepage and recorded it on the Ethereum blockchain.”

The blockchain is an immutable digital ledger with the potential of circumventing political censorship and making everlasting and public monumental, historic information such because the Panmunjom Declaration.

After 65 years in a frozen battle, North and South Korea could lastly be reaching peace, and the start of this new period will ceaselessly be recorded on the Ethereum blockchain.

Cowl Photograph by insung yoon on Unsplash

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Jonathan KimCreator

Jonathan Kim

Jonathan Kim is a College of Washington scholar of Finance and cryptocurrency investor with a deep curiosity within the rising trade of blockchain purposes and cryptocurrency buying and selling. Concerned with a not too long ago launched ICO, Jonathan is acquainted with the interior strategy of crowdsale funding and the workings of a blockchain startup. His previous experiences contain publishing unique every day content material for blockchain startups and buying and selling cryptocurrency utilizing technical evaluation rules.

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