Goyang City Takes Steps to Reduce Greenhouse Gas Emissions Through Blockchain-Based Vehicle Management

Signed a Business Agreement with Cheonwoo Partners on the 22nd
Agreed to Collaborate on Developing a Comprehensive Vehicle Management Platform

[Asia Economy Reporter Han Seung-gon] Goyang Special City (Mayor Lee Dong-hwan) is embarking on the development of a greenhouse gas reduction platform through differentiated automobile management.

On the 22nd, the city announced that it signed an agreement with Cheonwoo Partners Co., Ltd., a blockchain-based information and communication technology specialist company, and plans to cooperate in developing a comprehensive automobile management platform.

Goyang City and Cheonwoo Partners Co., Ltd. Business Agreement Ceremony. Lee Dong-hwan, Mayor of Goyang City (left), Gong Kyung-sik, CEO of Cheonwoo Partners (right). Photo by Goyang Special City

The development team at Cheonwoo Partners Co., Ltd. plans to analyze collected information such as the timing of vehicle consumable replacements like engine oil and whether the vehicle is driving at a constant speed, based on blockchain and artificial intelligence technologies, to help users efficiently manage their cars and improve driving habits.

The comprehensive automobile management platform is a system that tracks the vehicle's maintenance status and the user's driving habit information in real time through information collection devices installed in the vehicle. Once developed, this platform is expected to significantly reduce greenhouse gases generated in the transportation sector. It is also anticipated to assist in private used car transactions by diagnosing the value of automobiles through the analyzed information.

Mayor Lee Dong-hwan of Goyang said, "Among the approximately 454,000 vehicles registered in Goyang, about 392,000 are private passenger cars. We will strive to develop various advanced greenhouse gas reduction technologies through attracting information and communication technology companies, which is a core policy of the city administration."