South Korea Will Spend About $380 mln for Blockchain Industry Development

Ministry of Science and Technology of South Korea will spend 450 bln won (about $380 mln) from 2021 to 2026 for research and development in blockchain technology sphere – investment resource has learned.

South Korea Will Spend About $380 mln for Blockchain Industry Development - invest with bitcoin doubler 2x
South Korea Will Spend About $380 mln for Blockchain Industry Development – invest with bitcoindoubler2x.com

As informs local edition ZDNet Korea, referencing to anonymous resource, a goal of current initiative is creation of digital economy based on blockchain.

“To solve the problem of trust in the digital economy, first of all, it`s necessary to provide reliability of transmitted data. With the help of blockchain we can lay the foundation of confidence in data dissemination”, -the resource claimed.

It`s supposed that investments primarily will be targeted at industry segments, bound to smart contract reliability, scalability, network compatibility and consensus methods.

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