The Liberty Korea Party (LKP), South-Korea’s conservative political party, has unveiled its plans to implement blockchain for enhancing the party functioning.

The LKP, also known as Saenuri Party, intends to build a transparent system using blockchain in which both citizens as well party members can participate in an innovative way.

According to sources, blockchain technology will be used in four key areas. Firstly, it will be used in recording the meeting results of the party. It will also be used for evaluation of performance indicators of party members.

Furthermore, the party also plans to provide tokens to the party members, though more details are yet to be disclosed. Conducting blockchain-based elections and a petition system for party members are also on the list.