05-26-2020 icon

South Korea Gets New Blockchain Campus

By Sagetwriter
South Korea Blockchain University Campus

South Korea’s Suseong University has agreed a deal with the Korea Artificial Intelligence Association (KORAIA) to create a special blockchain and AI campus in Daegu.

According to an official announcement, the Daegu-based university will launch in 2021 with recruitment to begin in a few months; and will focus on courses such as blockchain, AI, big data, and cloud-based technology.

The project will also feature a partnership with Daegu-based blockchain companies who would provide expert training and work experience for students of the campus.

Speaking on the initiative, Kim Kun-woo, Director of the Planning and Coordination Division of the university noted; “the world is rapidly changing, blockchain and artificial intelligence have the potential to change society especially this time of the global COVID-19 crisis.”

South Korea Churns Support for Blockchain Technology

The South Korean Government has continued to open its doors to the blockchain industry, as it looks to take advantage of its emerging potential.

Last month, the country’s Vice Minister of Strategy and Finance – Koo Yun-Cheol remarked that Blockchain markets represent a golden opportunity for South Korea, calling on private sector companies to explore the industry.

In a similar move, two South Korean ministries also announced their support for the country’s blockchain drive, hinting at plans to fund local startups in a bid to encourage the use of the tech.

Extensively, Asia is paying huge attention to the blockchain industry, with China, Malaysia, and other nations unveiling projects centred on the technology.