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South Korean Government Considers Blockchain Technology


Южнокорейское правительство

South Korea's Ministry of Science will promote Blockchain technology education as part of an effort to prepare youth for what it calls the "Fourth Industrial Revolution." Blockchain technology is included in courses that were recently announced by the Ministry of Science and ICT.


The Ministry of Science and ICT believes the country is facing a global transformation called the Fourth Industrial Revolution. According to the website, there is a focus on supporting innovation across society by creating an environment that fosters autonomous research and fosters technology growth.


Industrial Industry Blockchain A


Industrial development industries referenced by the ministry, including blockchain, artificial intelligence, cloud storage, virtual reality, autonomous vehicles and unmanned aerial vehicles.


The ministry announced the development of 40 courses that cover these thematic areas. According to the ministry, the courses will help improve the employment opportunities of young people.


“While the youth employment issue is emerging as a social issue, the job mismatch issue is serious,” said Yang-Kyung Won, Software Policy Officer at the Department of Commerce, Industry and Energy. According to him, the ministry will foster talent that aligns with the visions of the companies, thereby creating new opportunities for young people looking for work and creating jobs.


The consortium supports youth learning


A consortium of corporations, universities, trade associations, industry / academic organizations is committed to expanding youth employment opportunities through training, the ministry said. The consortium includes organizations such as SAP, Unity Technologies, PWC, Oracle, Hancom MDS, KBS, Seoul National University Hospital and Saltlux.


The project plans to recruit interns in August and will promote through various media such as website and educational institutions.


South Korea is currently the third largest cryptocurrency market after Japan and the United States.


Shinhan Bank, South Korea's second largest bank, recently joined KT Corp, the country's second largest telecom provider, to develop a blockchain-based platform.

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