South Korea May be Using Blockchain-based Online Voting Shorlty

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If you think that blockchain-based online voting is not possible, you had better think again. True, this is because authorities in South Korea have renewed their determination to evolve the system. To this end, local authorities are looking to experiment with the blockchain in December. This trial is to ascertain the feasibility of reliable and … Continue reading “South Korea May be Using Blockchain-based Online Voting Shorlty”

Seoul: The Next Mega Blockchain Tech Hub

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Seoul is on its way to becoming a mega blockchain technology hub. In fact, Mayor Park Won-soon committed nearly $53.4 billion to fund and develop blockchain in the region.  The goal is to create two business complexes where 200 blockchain companies can call home by 2021.  It’ll also house facilities to train nearly 730 experts … Continue reading “Seoul: The Next Mega Blockchain Tech Hub”

Korean Cryptocurrency Exchange Bithumb Launching a DEX

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A major South Korean digital currency exchange is launched a decentralized exchange (DEX). In fact, with more than five million users, Bithumb will soon launch its DEX. The decision seems to be part of a strategy to compete in the broader, global market, says Business Korea.  Not long ago, Bithumb’s competitor, Upbit also launched a … Continue reading “Korean Cryptocurrency Exchange Bithumb Launching a DEX”

South Korean Government to Support Blockchain Initiatives and Startups

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The Korean MSICT (Ministry of Science and Information Communications Technology) pledged its commitment and support to catalyze the growth of the Blockchain sector. Support for Blockchain Startups Min Won-ki, the Second Minister of Science organized a meeting with blockchain startups. The initiative was a part of the Korean government’s efforts to establish collaborations with companies. … Continue reading “South Korean Government to Support Blockchain Initiatives and Startups”

Global Crypto Regulation Possible With Greater Cooperation

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There is a greater need for international cooperation between regulators. In fact, it holds the key to have effective regulation in the ICO and crypto industries.  These were the thoughts of an official representing the FSS (Financial Supervisory Service) of South Korea. International Cooperation Key for Efficient Regulation The governor of the FSS, Yoon Suk-heun emphasized the … Continue reading “Global Crypto Regulation Possible With Greater Cooperation”

South Korean Treasure Ship ICO Loses Investors Millions

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Investors have lost literally millions of dollars in seeking out a veritable El Dorado. They bought into the Russian treasure ship ICO sponsored by a treasure hunting company in South Korea.  And they lost everything by doing so. The South Korean police have released their initial findings from the investigation. The results are not pretty. … Continue reading “South Korean Treasure Ship ICO Loses Investors Millions”

The First Blockchain Solution for Korean Banks

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Blockchain technology is making big waves in South Korea thanks to Samsung. Samsung SDS developed a blockchain based certification platform for South Korean banks called BankSign BankSign will offer banks an option to replace the existing, antiquated ID verification system.  The new system will allow users to make transactions on mobile apps after verification with a fingerprint, … Continue reading “The First Blockchain Solution for Korean Banks”

North Korea: An International Cryptocurrency Conference Host?

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It’s no secret that blockchain technology is infusing nations across the globe. One that people do not expect to be open to the fintech is North Korea. It turns out that “Little Rocket Man” does approve of BTC and the cryptocurrency universe in his isolated enclave. On October 1st, the outlaw regime will host its very … Continue reading “North Korea: An International Cryptocurrency Conference Host?”

Blockchain Adoption: China Outpaces U.S. and South Korea

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Blockchain is quickly revolutionizing the way business is done. UPS just filed a new patent that uses it as part of a distributed system to send packages. Capital One filed a new patent application to use it with user identification. It’s being found in the boardrooms of Apple, IBM, Microsoft, UBS, Deutsche Bank and also Facebook. … Continue reading “Blockchain Adoption: China Outpaces U.S. and South Korea”

South Korea Budgets $4.4 Billion to Blockchain Technology

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Blockchain may still be in its infancy, but it’s the talk of the town as analysts contemplate its incredible potential. Granted, only 3% of Fortune 500 companies use it at the moment. Though, that’s likely to change as its global acceptance continues. Already, banks and global governments are using blockchains as distributed ledgers to revolutionize … Continue reading “South Korea Budgets $4.4 Billion to Blockchain Technology”