The government invests 53.1 billion won this year to foster blockchain companies

Input 2021.01.10 18:18

Blockchain business integration briefing session on the 11th, held online

The Ministry of Science and ICT will invest 53.1 billion won in the blockchain support project this year. This is a 55% increase from last year.

On the 10th, the Ministry of Science and ICT announced on the 11th that it will hold a blockchain business integrated briefing session with the Korea Internet & Security Agency, the Information and Communication Industry Promotion Agency, and the Information and Communication Planning and Evaluation Agency. The briefing session was set up to help interested companies and organizations easily find related information and prepare business support.



Choi Ki-young, Minister of Science and Technology. / Provided by the Ministry of Science and ICT

Each project agency will announce detailed plans for this year’s △Blockchain Expansion Project △Blockchain Pilot Project △Blockchain Technology Development Project for Data Economy △Blockchain Specialized Enterprise Promotion Project.

The first blockchain expansion project to be introduced this year is based on the excellent results of the pilot project so far, and the core of the introduction of blockchain in five areas, including social welfare, voting, new and renewable energy, postal customer management, and donation, has high public sentiment and impact. To do.

Blockchain pilot projects are also underway to discover various services. It included a leading pilot project to continuously discover areas with high effect of public and private blockchain introduction, and an identity verification (DID) intensive project that can utilize blockchain such as objects, data, and contracts.

It also fosters blockchain specialized companies. The government plans to expand technology verification for SMEs with creative ideas and technologies related to blockchain, and promote consulting for companies and institutions that want to introduce this technology. New Southern Consulting, which suggests strategies to enter the local market and solutions to legal system issues, is also supported for companies that want to enter Vietnam, Thailand, and Indonesia.

The Ministry of Science and ICT plans to continue supporting blockchain technology to contribute to the realization of a non-face-to-face trust-based society after Corona 19.

.Source