The South Korean government plans to support the blockchain industry by providing local companies $ 3.2 million for development. Thus, the government plans to stimulate the industrial use of blockchain technology. According to The ICONIST: “The money will be directed at small and mid-sized businesses and consortiums that develop new services that produce economic and social value using blockchain. Companies with ideas can submit them to the government, which is expected to select about nine for support. Startups creating business models for AI, big data and IoT will also receive support”. Stay with us. See you later!
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