South Korea Forcing The Tops in Blockchain: Partnership Begins Training For Blockchain Experts

South Korea launches training to create the next generation of blockchain experts

South Korean Gov’t Partnership Begins Training 40+ Blockchain Professionals

Aiming to increase the availability of skilled professionals in South Korea’s burgeoning blockchain economy, the course is the result of a three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and the Hong Kong-based blockchain and IoT startup Waltonchain.

The course will focus on preparing participants for “immediate” employment upon completion in January 2019.

“We will provide a one-stop support for employment and business start-ups as well as education for the professional training of employees, and we will strengthen the building of a healthy blockchain ecosystem,” KI News quotes Wang Sang Hyeong, secretary general of the Waltonchain as saying.

The South Korean Ministry of Science and Technology has taken a big step towards training its very first batch of blockchain “specialists.”

The ministry’s Information and Communications division revealed it hosted its very first blockchain-focused lecture yesterday on September 3, local outlet Kinews reports.

This marks the start of a $90 million USD (100 billion won) investment by the South Korean government to roll out its “blockchain technology development strategy” course.

It would seem that these “experts” will play a vital role in actioning South Korea’s blockchain vision.

After the ban on ICOs and anonymously crypto trading, people thought that it will slow down developments on Blockchain in the country.

But South Korea has since affirmed that the bans and stringent rules were aimed to deter scam ICOs from originating from the country and to protect its citizens from corrupt practices. The blanket ban on ICOs has since been lifted and Bitcoin now enjoys legal status as remittance method. New policies that govern blockchain technologies including decentralized applications (dapps) and platforms are still expected to come out. Exchanges are also set to be reclassified as financial institutions and will be regulated as such.

“The South Korean government instituted the ban as a reaction to problems within the ecosystem, such as hacking and fraud allegations,” tells me Jea Edman, Block Seoul organizing committee chairperson. “However, the citizens of South Korea were already deeply invested in blockchain, contributing greatly to the global crypto market. If you look at Bitcoin alone, South Koreans are responsible for 14 percent of that market.” / Source: forbes

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.