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

  • Alex Dovbnya
    📰 News

    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


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 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.  
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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