• Title/Summary/Keyword: Computerized Ledger

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Issues and Tasks of Regulation of Electronic Financial Transactions Information Based on Blockchain (블록체인 기반 전자금융거래정보 규제의 쟁점과 과제)

  • Yeong Gwang Lee;Hun Yeong Kwon
    • Journal of Information Technology Services
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    • v.23 no.4
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    • pp.17-33
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    • 2024
  • Recently, public interest in blockchain is increasing as the Financial Services Commission overhauled the token securities issuance (STO) discipline system in 2023 and the Bank of Korea plans to test the actual transaction of the central bank's digital currency (CBDC) in 2024. These regulatory changes suggest the possibility that financial transactions based on blockchain will be incorporated into the institutional sphere. When blockchain-based financial transactions such as CBDC are introduced in Korea, the basis for regulations to ensure safety will be the Electronic Financial Transactions Act and the Electronic Financial Supervisory Regulations. In addition, blockchains applied to current financial transactions must also comply with the Electronic Financial Transactions Act and the Electronic Financial Supervisory Regulations. However, since information recorded on the blockchain is difficult to modify or delete, and it is distributed and stored, there is a limit to applying the existing regulations based on the centralized system as it is. Therefore, regulations such as control of the computer ledger and destruction of electronic financial transaction information, provision and confidentiality of electronic financial transaction information, interpretation of information processing, backup and production in the event of an accident, and establishment of a disaster recovery center emerge as issues of securing safety. Financial authorities need to come up with a supervisory plan for blockchain-based financial services to respond to the new concept of a distributed ledger, and the regulation should be enacted and revised by strengthening the parts to be strengthened in the current regulation and deleting the parts to be deleted. In this study, specific policy countermeasures such as expanding the control of the computer ledger and anonymous processing means, reorganizing the scope of information provision and establishing a standard model, interpreting it as an electronic financial assistant and program, distinguishing clear roles and strengthening solidarity responsibility, and reflecting high operational resilience characteristics were proposed.

A Practical Study of Unified Management System for Irrigation and Drainage Facilities (수리시설물 통합관리시스템 실용화 연구)

  • 김선주;박성삼
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.40 no.3
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    • pp.42-53
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    • 1998
  • About 50 percent of irrigation and drainage facilities in our country are deteriorated as they were constructed over 40 years ago. Worsening the problems in function might be caused by these facilities' constant exposure to the elements. With these reason, efficient maintenance and management of irrigation and drainage facili- ties are required. A computerized system is tailored on the basis of the each characteristics'data of irrigation and drainage facilities. The unified management system to be introduced in this study is a package program consisting of three subprograms. Facility Management(FM) system, the first component, is a relational database system for image processing and registering the characteristics of irrigation and drainage facilities. The objective of this program is to manage the ledger of each facilities and to scan the characteristics of facilities. Telemeter(TM) system, the second component, monitors and processes the data from the sensors statistically. This system is preprogramed for the complete design of TC/TM system. Hydrological Data Management(HDM) system, the third component, executes the hydrological analysis using meteorological data. The unified management system can provide the latest information, such as image data, lists and items of facilities, and items of reforming and rebuilding etc., of the facilities to the manager. At the same time, this system can manage hydrological and meteorological data in realtime.

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