Jeju Island, South Korea’s premier holiday destination, is embarking on a digital transformation to attract Millennial and Gen Z tourists.
By 2025, the subtropical island will introduce NFT-powered visitor cards, offering travel discounts and subsidies.
This initiative aims to reshape Jeju’s tourism sector by leveraging blockchain technology while fostering economic growth.
South Korea’s strict regulations on NFTs and ICOs have previously hindered the island’s ambitions to integrate crypto solutions, but Jeju officials are determined to overcome these barriers.
As a special self-governing province, Jeju has a unique legal framework that enables it to trial innovative solutions like blockchain applications, giving it a potential edge over other regions.
NFTs as a tourism driver
Jeju’s new visitor cards, linked to NFTs, are part of a broader strategy to tap into the tech-savvy demographic.
These digital cards will act as both identification and loyalty tools, offering tourists incentives such as discounted access to local attractions and exclusive travel memberships.
Scheduled for rollout in the second half of 2025, the project will first pilot among domestic visitors before expanding internationally.
The initiative aligns with Jeju’s long-standing focus on digitalisation.
While NFTs are still a contentious topic in South Korea due to mixed regulatory approaches, the island’s focus is on practical applications rather than speculative trading.
By positioning NFTs as tools for enhancing tourism and community engagement, Jeju is differentiating itself from other blockchain projects in the country.
Blockchain integration into local currency
In addition to NFTs, Jeju plans to integrate this project with its blockchain-based stablecoin, Tamna Jeon.
Introduced in 2019, Tamna Jeon was designed to boost the local economy by offering residents and merchants an alternative to cash transactions.
Tourists using the NFT-powered visitor cards will receive travel subsidies and discounts in Tamna Jeon, creating a seamless ecosystem of blockchain-enabled benefits.
This dual strategy not only incentivises tourism but also encourages spending within the local economy.
The digital card system will use rechargeable prepaid functionality, making it easier for visitors to access discounts and for local merchants to benefit from increased sales.
Bridging tourism and technology
Jeju Island’s government has been vocal about its ambition to lead in digital transformation.
Governor Oh Young-hoon has outlined plans to integrate Web3 technologies across multiple sectors, with NFTs forming a core component of these efforts.
By using blockchain to modernise its tourism infrastructure, Jeju hopes to stay competitive in a rapidly evolving travel market.
The project could also serve as a model for other regions looking to adopt blockchain solutions in a regulated environment.
Jeju’s status as a special self-governing province provides it with the flexibility to experiment with innovations that would face greater scrutiny elsewhere in South Korea.
As blockchain adoption grows worldwide, Jeju Island’s NFT-powered visitor cards could pave the way for a new era of tourism, blending cutting-edge technology with economic sustainability.
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