South Korean Government: Almost double investment in blockchain
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This South Korean government is ready to invest heavily in the blockchain technology related projects in 2019, but there is no change in the cryptocurrency policy. According to a report by Cookie News, science and ICT of these ministries have planned to support 18 million US dollars in the block-driven projects next year, after the blockchains support, it is an initiative of USD 10 million in 2018.
These reports claim that this ministry is planning to launch 12 blockchain-run projects next year. They will also take back three domestic startups with the USD 1.3 million financing before the end of the year. This Ministry is working closely with the Ministry of Fisheries of the Ocean and the largest port in the country, Busan. This is for one year pilot initiative, from which the shipping authority will use block import technology as part of its import and export activities,
They are allowing logistics companies and administrators have to share information in real time through a decentralized platform. This South Korea is hoping that it will be able to integrate blockchain technology into a wide range of its logistics and export activities. This is also the flag shipping industry in particular. This country is the sixth largest export economy in the world.
This Busan is the world's fifth busiest cargo port for figures released by the World Shipping Council. The Samsung SDS of Samsung Group's IT Services arm has helped last year with the blockchain consortium, including the Ocean Customs Service of Ocean and these Fishery, Hyundai Merchant Marine, IBM Korea and Paperless Trade Provider Ktnet. These consortium claims that it has successfully been successfully organizing the world's "first ever" blockchain driven shipping transaction at the end of 2017.
This is export shipment from a port of South Korea to Chinese destination. However, these ministries are keen to remove themselves from policies related to cryptocurrency. Whether it is still to change the country's blanket offer (ICO) restriction with the government, it will still know its position by the end of last month. It is FN News reports that till now they are making very little real progress on the ICO issue.
It is a sign that there is no crowd in this government to decide. Its cookie news has quoted the science ministry and an ICT official saying this; they are responsible for the blockchain industry's 'regulatory' financial services commission responsible for cryptocurrency. These two areas should be considered separate from each other.
[pics-1.2.%3. source: https://pixabay.com]
0.000 SRY