South Korea to boost local blockchain scene with $9M investment

Sep05

by Sindy Cator on September 5, 2018 at 10:12 am

Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork

It seems the South Korean government is intent on encouraging the country’s adoption of blockchain, as it plans to inject more investment into the tech’s development. The Korea Internet and Security Agency (KISA) has announced it will invest 10 billion won ($9 million) into 12 projects designed to demonstrated the potential of the tech to the public, as spotted by CoinDesk Korea. With this move, KISA aims to expand the total number of government-backed projects to 18 by 2019. By comparison, KISA backed only six projects in 2018, with a 4.2 billion won ($3.8 million) investment. The projects in question…