UTC-05:00,Saturday , November 17th 2018
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South Korea to Triple the Budget for Blockchain Projects Compared to 2018

10:38 Thursday , November 08th 2018
The South Korean government has agreed to triple the budget for blockchain projects compared to 2018 with an investment of $35 million next year, South Korea's largest economic information service company Korea Economic Daily reported Nov. 8.

This year, the Ministry of Science and ICT received 72 blockchain project applications from 41 institutions, and selected six final projects for their development in the public sector. For 2019, the Ministry is set to double the number of selected projects to 12, with three to four "private-led" blockchain projects as well.