South Korean’s MSICT Offers Help to Crypto Companies For Accelerating Blockchain Adoption

2018-9-22 18:00

This Friday the South Korean Ministry of Science and Information Communications Technology (MSICT) promised support to facilitate the growth of the domestic blockchain industry.

Min Won-ki, the Minister of Science held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key ICT sectors of the Fourth Industrial Revolution.

The gathering was held to discuss blockchain pilot projects launched by the government in order to bolster the blockchain market and improve public services with the investment of $3.7 million. Participants evaluated the deployment of blockchain technology in customs clearance, livestock provenance, and property transactions.

The minister commented:

“Considering the fact that there is no significant blockchain technology gap between South Korea and the other countries, it is a good opportunity for South Korea to lead the industry. The government will actively back domestic companies to help them lead the global blockchain market.”

The meeting highlighted the necessity to form a cloud-based blockchain environment, grant support for research and development in the private sector, and build a strong competing ecosystem between domestic and foreign blockchain developers.

Although the South Korean government has outlawed all types of Initial Coin Offerings(ICOs) and has not formed a relevant policy since the country is known for its proactive approach to blockchain adoption.

Earlier this month, a partnership initiated by the MSICT began a 6-month training course to turn 42 applicants into blockchain specialists, intending to increase the availability of skilled professionals in South Korea’s flourishing blockchain economy.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.9443 (-100%)

blockchain south science msict korean government effort

blockchain south → Результатов: 126


South Carolina’s Senate Passes Resolution to Promote Blockchain Tech Adoption

The solutions around blockchain tech are gradually being considered by stakeholders such as legislators looking to create a sustainable ecosystem for digital assets. It is, therefore, no surprise that South Carolina has passed a bill named ‘A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Technology And To Call Upon The Residents Of South […]

2020-3-14 22:56


Фото:

Korean Government to Lead 6 Blockchain Pilots With $9 Million Finance

The South Korean government will invest 10 billion Korean won (or $9 million) to support blockchain development in the country, with plans to carry out six pilots using blockchain technology. According to a report from CoinDesk Korea, the country’s Ministry of Science and ICT published a blockchain development strategy on Thursday. The agency said the government plans to

2018-6-22 11:53


Фото:

South Indian State of Kerala Uses Blockchian Technology in Food Supply and Distribution

The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17. Chairman of K-DISC, KM Abraham, told Business Standard that each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could

2018-6-19 23:19


Korean Banks to Use Samsung SDS Blockchain in imitation of Verify Customer IDs beside July

A South Korean commercial banks group will initiate a blockchain-powered customer ID verification platform in July 2018, as per the reports on June 12. Reportedly, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be made use of in both online computer-based and mobile banking. According to the report, development […]

2018-6-15 19:26


Korea University and Huobi Subsidiary announced partnership

In the name of “industry-academia” cooperation in the field of blockchain development, Korea University is reportedly teaming up with the South Korean subsidiary of crypto exchange Huobi. Huobi was originally founded in Beijing in 2013, though it is now headquartered in Singapore, with branches in the US, Japan, Hong Kong, and China. The new South […]

2018-6-14 13:08