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South Korea – North Korea Peace Agreement Recorded on Ethereum

South Korea – North Korea Peace Agreement Recorded on Ethereum

North Korean leader ‘Kim Jong-un’ and South Korean President ‘Moon Jae-in’ made history by signing Peace Treaty during Panmunjom Summit. On the sidelines of the Inter-Korea Summit there was a 27 year old Gamer & developer ‘Ryu Gi-hyeok’ who was in the news for creating history by recording details of the Peace Treaty on the Ethereum Blockchain. These details will now be stored in perpetuity in both Korean and Engish language.  Ryu Gi-hyeok created two transactions with Korean and English records of the Panmunjom Declaration.

While speaking to media houses, ‘Ryu Gi-hyeok’ mentioned that,

Although I was not interested in politics, I was overwhelmed by watching the summit. I just thought it was too long for the South and the North to give each other one step and listen to each other. After finding out what I could do as a developer, I found the Panmunjom Declaration from the Blue House homepage and recorded it on the Ethereum blockchain.

He further added that “The Panmunjom Declaration, written in Ethereum block 5517596, will not go away unless Ethereum is gone. I wanted to keep the world record of North and South Korea in the world of Crypto.

Ryu was very enthusiastic about this treaty and therefore stored each version of the peace agreement in a single Ethereum transaction by writing it to the input field of each individual transaction. To store the transaction on the blockchain he paid around $10 in gas fees.

This Peace agreement is important because this first of its kind in past 65 years after the Korean peninsula was divided into two states.  Through this Peace Treaty it has been decided that South & North Korea will make joint efforts to alleviate the acute military tension and practically eliminate the danger of war on the Korean Peninsula.