South Korea to Spend $9 Mln on Six New Blockchain Trials in 2019

Blockchain adoption will see massive growth in South Korea as the country is planning to double the amount of Blockchain pilot projects in the 2019 alone

Tue, 4/09/2018 - 19:17

South Korea to Spend $9 Mln on Six New Blockchain Trials in 2019

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Blockchain adoption will see massive growth in South Korea as the country is planning to double the amount of Blockchain pilot projects in 2019 alone. As of now, the global high-tech hub is running six trials in different public spheres, including voting, logistics and real estate. Their number will increase to twelve the following year.

So far, more than $3.76 mln has been allocated for launching the current Blockchain trails with a lion’s share of this sum coming from government funding. $9 mln more is budgeted for future projects.

As U.Today reported earlier, South Korea will spend a total amount of $925 mln to further advance Blockchain technology in 2019.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.