According to South Korean sources, the plan is to streamline the investments into several fields, with an overal aim to increase the country’s competitive edge in blockchain technology. The different fields include six blockchain pilot projects, focussing on the following: Online voting, easy real estate, electronic document distributions between countries, marine logistics and personal customs clearance.

Besides the above projects, the country also plans to support private blockchain initiatives that improve smart city and smart factory projects. Great examples are blockchain-based safe school food distribution initiatives and blockchain systems for the used car Industry. After a series of strict regulations South Korea is now setting a rather friendly environment around blockchain and cryptocurrency, which will lead to faster developments and hopefully will also speed up further adoption.

(CF ed./agencies)


The blockchain technology is going to be standardized in Switzerland to ensure more legal certainty. For that purpose several players from the finance, technology, science and law sector have joined forces and founded the organization "Capital Markets and Technology Association" (CMTA). The main goal is to facilitate the use of blockchain technology. CMTA President Jacques Iffland said: "Blockchain has the potential to reduce the complexity of the capital market system and facilitate access for start-ups". On the other hand, he observes a lack in legal certainty - this is not just a development-setback in this area, but even a potential preventer. The CMTA was founded as a non-profit and non-governmental organization, which should be able to set standards independently. In the meantime similar blockchain associations have meanwhile also been formed in Austria, Germany and other countries but there is still a lack of a further transnational cooperation in this area. Crypto Future will keep an eye on the development.

(CF ed. / APA)


The new start-up center "weXelerate" wants to transform Austria into a relevant blockchain hub. Cooperations in education, cooperation with universities, companies and public institutions as well as networking events should help to establish a successful blockchain ecosystem in Austria. For example, the „Research Institute for Crypto-Economics“ at the Vienna University of Economics is exploring the effects that cryptocurrencies and blockchain applications might have on the real economy (Crypto Future was present at the official presentation of the research institute last year). In addition, the Vienna University of Economics seeks to clarify the legal aspects under academic conditions.

The Austrian Federal Computing Center also explores which legal use cases could make sense for cryptocurrencies and blockchain. In addition, some new technology applications are currently being explored.

(CF ed. / futurezone)



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