I'm just waiting on S. Korea to get back in the game, so we can start this bullrun again!
South Korea is showing a greater interest towards the field of cryptocurrencies, budgeting upwards of one trillion won (around $880 million) for the fields of blockchain technology, AI, and the sharing economy.
According to an official press release, South Korea will invest a total of 5 trillion won (around $4.4 billion) in its “Growth Through Innovation” plan. The strategy will fund a total of eight pilot projects, which plan to develop a “platform economy” comprised of a digital platform for big data analytics and transactions, as well as a hydrogen fuel cell supply chain.
South Korea plans to invest a total of between 9 and 10 trillion won in the initiative, recognizing the nationwide impact that it would have on other industries.
The official release also places an emphasis on blockchain-based technology as an important part of boosting the sharing economy:
The fields of big data, AI, and blockchain will receive a total funding upwards of 1 trillion won in 2019 — which is almost twice as much as what it received in 2018 (579.9 billion won).