It cointelegraph reports, South Korean Science and Information and Communication Technology (MSICT) has pledged further support domestic blockchain development of the industry.
Min Won-ki, the second Minister of Science and Information and Communication Technology, met with blockchain startups as part of a government-to-organization effort to call it the 10 key ICTs of the Fourth Industrial Revolution. department.
The conference agenda is devoted to a government-sponsored blockchain pilot project to support the blockchain market and improve public services with an investment of 4.2 billion won ($3.7 million). Participants reviewed the deployment of regional chain technologies in customs clearance, livestock sources, and property transactions. Min said: “Considering the fact that there is no obvious blockchain technology gap between Korea and other countries, this is a good opportunity for South Korea to lead the industry. The government will actively support domestic companies to help them lead the global blockchain market.”
Blockchain startups emphasize the need to form a cloud-based blockchain environment, support private sector R&D, and create a healthy competitive environment between domestic and foreign blockchain developers.
Although the Korean government has banned all types of initial coin products (ICO) and has not yet developed policies, the country is known for its active use of blockchains.
In early September, a partnership initiated by MSSIT began a six-month training course to turn 42 applicants into “blockchain experts” to increase the skills of skilled professionals in the emerging blockchain economy in Korea. Availability.
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