Blockchain Development Company In South Korea www.bitdeal.net
Blockchain in South Korea As a cutting-edge-technology, blockchain has gained massive adaptation in 2018 and South Korea is making huge investments towards blockchain technology, following the nation’s tradition as a tech pioneer that fastly adopts the latest technologies. Since there are some exchanges and ICOs banned in Korea, It doesn't stop its investors in adopting Blockchain Technology. And this blockchain technology has gained mass adoption in industries such as finance, trade, logistics, and health care.
Blockchain Regulation in Korea In South Korea, there is no existing regulatory regime that mentions cryptocurrency as regulated assets. However, the Korean Regulators apply the existing Korean laws and regulations for cryptocurrencies. Busan a well-known Metropolis of South Korea has been declared as a “regulation-free� zone for blockchain development by the Korean Government. On July 24, The Ministry of SMEs announced that Busan, as the second-largest city in the country will adopt blockchain technology in various aspects such as finance, public safety and tourism, banking and a lot more.
Blockchain Investment Records in South Korea 1. In 2018, Korea decided to spend $880 million on the development by blockchain technology by the end of 2019 with the R&D program by Korea's Government that institutionalized a commitment to innovation. 2. Seoul, the Capital of South Korea - The largest Metropolis announced its blockchain plan of about $108 million that is to be implemented between 2019-2023. 3. The Korean Government in 2018 allocated $35 million for blockchain technology development, which mainly includes a blockchain-based voting system.
Blockchain Projects in Korea As Korea is a pioneer in adopting new technology, there are many Blockchain projects supported by the South Korean Government. Here is a list of blockchain-related projects in Korea. 1. Blockchain in Telecommunication Networks 2. Blockchain for Identity Authentication 3. Blockchain in Most of the Korean Banks 4. Blockchain-based Education
Blockchain Projects in Korea 5. The largest blockchain project ICON is used by the Government of Seoul to issue documents and perform a wide range of administration-related tasks. 6. The DAPA (Defense Acquisition Program Administration) has started implementing blockchain platform to protect them from the unauthorized alteration of defense business data. 7. The Korean Government has introduced a pilot project that uses blockchain to track the status of beef throughout the supply chain.
Bitdeal- Blockchain Development Company in South Korea As, knowing the potential benefits of blockchain development in Korea, Bitdeal started providing our exclusive blockchain development services in and around Korea. Our targeted metropolis in Korea includes Seoul, Busan, Ulsan, Daejeon and so on. We are happy in expanding our blockchain solutions for major Korean Industries such as Telecommunication, Government, Agriculture, Supply Chain and lot more.
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