South Korean Government Calls Blockchain Technology a Unique Chance
The South Korean government has named the blockchain technology a unique chance for the country. The country calls for private organizations country-wide to integrate the blockchain technology in their business.
As Fn News reports, Yun-cheol Koo who is the Vice Minister of Strategy and Finance, organized a conference regarding blockchain and its usage in private business. A considerable number of private industry experts have taken part in this conference.
Yun-cheol Koo emphasized the predictions about the blockchain development growth in international stage like the United States as well as Europe. He mentioned that it’s expected to see the blockchain industry grow for on average over 80% yearly, adding that it “is competitively supporting foreign countries to preoccupy the market that is attracting attention as a promising technology in the future.”
During the conference, it has also been discussed the role of South Korean government in supporting blockchain adoption across the country, underlining the advantages of developing an initial market.
However, the budget to implement the plan of empowering and expanding the blockchain technology across the South Korea hasn’t been revealed.
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