South Korea to Train Blockchain Professionals

South Korea to train Blockchain professionals in order to prepare participants for “immediate” employment after the completion in January 2019. What else do we know?

4 September, AtoZ Markets South Korea has reportedly commenced a six-month training course that aims to transform forty-applicants into “Blockchain specialists.”

South Korea to Train Blockchain Professionals

According to some of the local media outlets, the course in South Korea is aiming to boost the availability of skilled professionals in the country’s Blockchain sector. The course is resulting from a three-party partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and the Hong Kong-based blockchain and IoT startup Waltonchain.

It will supposedly focus on training participants for “immediate” employment after the completion in January 2019. According to Wang Sang Hyeong, secretary general of the Waltonchain:

“We will provide a one-stop support for employment and business start-ups as well as education for the professional training of employees, and we will strengthen the building of a healthy blockchain ecosystem.”

Such a move emerges as a part of a massive investment program from the South Korean government that iscontinuing all the way up to 2023. According to online reports, Blockchain and related innovative technologies, such as Artificial Intelligence (AI) have attracted a lot of capital. The reports note that these investment levels in South Korea are expected to surpass $4.4 billion in 2019. 

South Korea Blockchain Projects

In addition, the South Korean government is sponsoring a youth training project, with authorities stating that they need to fill gaps in the developing innovation sector. The South Korean officials also explained that they plan to track unemployment levels at the same time. 

In November, a state-run Blockchain hackathon will award prized to the dedicated teams that show new use cases for this nascent technology. 

Earlier this August, AtoZ Markets reported that authorities in South Korea have reportedly commenced discussions concerning cryptocurrency markets. The meeting has been focused on loosening the country’s ban on Initial Coin Offerings (ICOs) and some other crypto related topics. 

The National Assembly meeting has welcomed various government ministries, including the Ministry of Science and Information and Communications Technology (ICT). This gathering comes amidst the heightened interest for Blockchain and cryptocurrency sectors in South Korea. 

Aside from debating on the topic of ending the ICO ban in the country, South Korean officials have been discussing the possibility of the creation of the country’s own ‘Blockchain island.’

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