Topic: South Korea's investment in blockchain has doubled - page 2. (Read 191 times)
That's a big sum of money. I am totally impressed with the open-mindedness of South Korea government. We all know that only frw countries are supporting this blockchain technology, there are more that doesn't allow the use of the idea.
South Korea being one of the global leader in manufacturing and R&D of technology be it smart phones or smart vehicles, it is now rising as the global leader for manufacturing and R&D of blockchain and blockchain based technology.
read the article .this is very good news for all scripts industry.
Fantastic news for cryptography. May God grant that these investments of South Korea also influenced cryptology as a hype created in Japan in 2017, when all the crypto-currencies grew rapidly from April to June 2017.
Yes, this is not a big surprise. You pay attention to South Korea and Japan. They are two very small countries but their attitude towards cryptocurrency is very positive. They all think that cryptocurrency is the future of mankind, so this is good news.
According to an official press release, South Korea will invest 5 trillion won (about 4.4 billion US dollars) for the "Growth Through Innovation" program. The strategy will fund eight pilot projects that plan to develop a “platform economy,” including a digital platform for big data analytics and trading, and a hydrogen fuel cell supply chain.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
This is a start of a revolutionary type of investment where in digital currencies are the primary method of payment. South Korea is really adopting in the new trend like crypto and it's a great news for everyone of us.
According to an official press release, South Korea will invest 5 trillion won (about 4.4 billion US dollars) for the "Growth Through Innovation" program. The strategy will fund eight pilot projects that plan to develop a “platform economy,” including a digital platform for big data analytics and trading, and a hydrogen fuel cell supply chain.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
Wow! This is a really good news to all of us if that thing happens because other country will be curious about what blockchain technology does and for sure once they explore it they gonna go for it too. Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
Glad to see authorities taking initiative to research and develop the new blockchain technology.
Independent researchers and government should go hand in hand to make blockchain technology a boon to the society.
Independent researchers and government should go hand in hand to make blockchain technology a boon to the society.
Nice to know this news 
. More country is going to support and accept cryptocurrency for now . But I still don't know the reason why in Korea, BTC price is much higher in all other countries. It's about thousands dollars higher than the average price of BTC on Coinmarketcap.
. More country is going to support and accept cryptocurrency for now . But I still don't know the reason why in Korea, BTC price is much higher in all other countries. It's about thousands dollars higher than the average price of BTC on Coinmarketcap.
Blockchain technology and the cryptocurrency market are new technologies.
So for now, these new technologies are still worth investing in. ,
So for now, these new technologies are still worth investing in. ,
Just as I predicted , this is only the beginning for cryptocurrency. This minor correction is only a bump on the road before we soar to trillions in total marketcap.
Please provide some Link for us to check that article or news instantly.
Here is a link on the subject:
https://cryptovest.com/news/south-korea-includes-blockchain-in-44-billion-innovative-growth-plan/
but I don't know if that was the OP's source.
As can be seen, developing blockchain applications is one of 8 types of projects they will be spending the 4.4 billion US dollars on. The good news is, the have doubled the sum for blockchain projects:
Quote
The sum planned for 2019 is by 150% higher compared to the funding this year. The sum for blockchain is nearly doubled – from 579.9 billion Korean won to 1.040 trillion Korean won.
This is a great step for south korea in accepting cryptocurrency industry, it will also help a lot to gain more crypto community and get more trust from other potential investors.
For sure it will affect the market when the investment is already done.
Please provide some Link for us to check that article or news instantly.
For sure it will affect the market when the investment is already done.
Please provide some Link for us to check that article or news instantly.
According to an official press release, South Korea will invest 5 trillion won (about 4.4 billion US dollars) for the "Growth Through Innovation" program. The strategy will fund eight pilot projects that plan to develop a “platform economy,” including a digital platform for big data analytics and trading, and a hydrogen fuel cell supply chain.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.
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