The project is called ‘Blockchain City of Seoul’ and has several measures for elevating and developing blockchain technology-related initiatives. In addition, blockchain technology education in Seoul from 2018 to 2022 is part of the mega-plan.
Seoul plans to configure a public-private fund of $88.2 million by the year 2022, with the aim of investing in blockchain technology start-ups in the city. The Seoul city government will obtain funds amounting to $11.9 million.
Furthermore, the authorities of Seoul are considering spending $53.1 million on forming two business hubs with plans of accommodating 200 blockchain companies by the year 2021. Two educational hubs will be run by the two upcoming infrastructures that will be placed in the south-east and western regions of the city. The focus will be on training 730 blockchain sector experts in the next half a decade.
Mayor Won-Soon commented on blockchain technology being “the core technology of the fourth industrial revolution“, and will serve as the foundation for future information technology (IT). Won-Soon plans to make Seoul “the hub of a blockchain industry ecosystem.”
Link to original article here.
About Bank Of Hodlers
Bank of Hodlers is building a customer-centric bank on the blockchain, by providing financial services which include loans and payments backed by your digital assets.
We are organizing a Bounty Program where you can earn up to 1700 BOH tokens (which will be equal to $340 at the time of our sale) by completing the most simplest of actions. The total allocation for the bounty is $1 million. Participate now and help us create an ecosystem where people will be able to bank on their digital assets.
Content creator; Writer, Composer, Producer