Republic of Korea invested $ 200 million in blockchain projects

Home » BLOCKCHAIN » Republic of Korea invested $ 200 million in blockchain projects
2018-06-25
Republic of Korea invested $ 200 million in blockchain projects

The Ministry of Science and Information and Communication Technologies of the Republic of Korea announced a strategy for the development of blockchain technology. A total of 230 billion won (more than $ 200 million) is to be distributed for this industry.

The government announced that it plans to complete a fundraising campaign by 2022. To further develop and promote developments based on blockchain, the South Korean government plans to grow over 10,000 industry professionals and set up 100 companies. In addition, the authorities plan to invest in enhancing the country’s competitive position in the blockchain industry.

The Ministry also announced its intention to support the development of the Blockchain-as-a-Service (BaaS). The main goal is to assist companies specializing in the development of blockchain technologies.

Starting from next year, the ministry plans to support the launch of six pilot blockchain projects in the following areas:

electronic document interchange between countries;
marine logistics;
the property;
online voting;
customs and so on.
Another area of ​​activity will be the organization of research groups. Their goal will be the improvement of legislation, which currently hampers the widespread introduction of blockchain technology in the country.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,930.24
  • ethereumEthereum$144.08
  • rippleXRP$0.319661
  • tetherTether$1.00
  • eosEOS$3.72
  • stellarStellar$0.088717
  • litecoinLitecoin$48.49
  • cardanoCardano$0.044920
  • tronTRON$0.024705
  • moneroMonero$49.36
  • iotaIOTA$0.298484
  • nemNEM$0.043017
  • dashDash$82.46
  • neoNEO$8.60
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 13
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 40
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 16
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 13
© 2017–2018