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Korea Internet and Security Agency 2019 blockchain double investment projects

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According to media ZDNet Korea on Yue reported that Japan, Korea Science sub-organization of the Ministry of Information and Communication Technology – Korea Internet & Security Agency ( KISA ), has announced plans to expand public blockchain pilot projects to revitalize the domestic market chain block.

The Korean government plans to spend about million to promote blockchain projects in the public and private sectors. This year, the government spent about 3.8 million on blockchain projects. The goal is to find effective cases in the public sector and make the best choices.

This year, the Ministry of Science and Information and Communication Technology received 72 project applications from 41 institutions and finally selected six projects for the development of the public sector. In 2019, the number of selected projects in the department will double to 12, and there will be three to four “ private-led ” blockchain projects.

The local news media “ Digital Daily ” quoted Min Kyung-Sik, head of the KISA blockchain team, who revealed that the agency plans to develop the project next year and disclose the current results in the blockchain event in November. He added: ” The purpose of the public sector is to play an active role in revitalizing the industry by ignoring the jade. 

According to the country’s Small and Medium Business ( SMEs ) and start-up companies ( the MSS ) organization, 8month, the South Korean government has encryption currency exchange excluded from the legislative management risks.

Cointelegraph to Yue 20 Ri report, Korea blockchain community has since formed a group called ” blockchain Law Society ” legal institutions. The agency aims to develop a legal framework for the application of distributed ledger technology ( DLT ) and explore the possibilities of its technology application in all areas of society.

This article is writing on 05 Sept 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

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