Tuesday, September 17, 2019

Blockchain Training Included In South Korean’s Strides Towards “Fourth Industrial Revolution”

The South Korean Government, through the country’s Ministry of Science and Technology, will popularize the training of blockchain technology in a bid to train the youths for what it refers to as the “fourth industrial revolution.” Also, blockchain technology is now added to the list of courses recently announced by the Ministry.

According to the recent announcement on the ministry’s official website, it is apparent that the ministry cannot shield its biases for the blockchain technology as it tends to focus on providing support to innovative ideas within the society and also building and maintaining an enabling environment where technological growth and independent research thrives. The ministry went on to refer to this development as the country’s contribution to the global growth; “Fourth Industrial Revolution.”

The Fast-Rising Blockchain Industry

The Ministry has a list of industry and advance technology which falls within the scope of “innovative,” industry such as Blockchain, big data, cloud storage technology, augmented reality, autonomous vehicles, and drones, artificial intelligence, as well as virtual reality. In line with this project, the Korean Ministry of Science has announced the introduction of 40 additional courses to the syllabus which will cover the above subject areas. These new courses are basically to boost the employability of an average South Korean youth.

The software policy officer at the Ministry of Commerce, Industry and Energy, Young-Kyung Won opined that: “Although the youth employment issue is emerging as a social problem, the problem of job mismatch is serious.” The ministry will foster talents that match a companies’ visions, he said, thereby creating new opportunities for young people who are looking for jobs and creating jobs.

Related Article:  South Korean Cryptocurrency Regulator’s Death Investigated

Earlier this year, we have witnessed the US State Department and South Korea’s Ministry of Science and Technology reaching a consensus to empower both countries’ collaboration in advancing the Fourth Industrial Revolution.

The Proposed Youth Training

The proposed training process for youth is set to recruit its pieces of training sometimes in August with promotions on various platforms both online (website) and offline (education institution).

The bright side of this project is that a group of universities, trade associations, industry (academic related), and corporations shares this idea as well, thereby, making it easy to succeed in the quest of improving the employability of South Korean youths. These organizations include SAP, Seoul National University Hospital, Saltlux Unity Technologies, PWC, Oracle, Hancom MDS, KBS, etc.

It would be exigent at the point to note that South Korean has been seen dominating the global scene of the blockchain technology as it is currently the largest third largest cryptocurrency market following right after the United States and Japan which are first and second respectively.

Also, the private sector of the South Korean Economy has also featured in the blockchain development. The oldest bank in South Korea, Shinhan Bank, which is a subsidiary of Shinhan Financial group founded in 1897 (but started as Hanseong Bank) has entered into a Partnership agreement with the country’s second-largest telecom provider, KT Corp, to develop a blockchain platform to capitalize on digital voucher which will be introduced by the regional government.

More Articles

After 6 Months, Bitcoin Ends a Month in Green

Bitcoin's price may be volatile, hiking and dumping as the case may be, but cryptocurrency enthusiasts are not just looking at the price as...

CoinMarketCap Launches Cryptocurrency Indices on Nasdaq

CoinMarketCap, a cryptocurrency price-tracking website platform on March 20 announced its launch of two benchmark indices on certain platforms. These are Nasdaq...

Poloniex Exchange Users can Now Contact Delaware DOJ for...

Poloniex crypto exchange appears to have gained the interest of the Investor Protection Unit of the Delaware Department of Justice (DOJ). The Chief Special...

Ledger Nano S Users Can Now Hold Cardano [ADA]...

If you're an ADA investor, then you can now store the private keys holding your funds in Ledger's hardware wallet. EMURGO, the...

BitMex Co-Founder Becomes Youngest CryptoMillionaire in UK

Ben Delo, co-founder of the exchange service Bitmex, has turned into the UK's youngest person to make his fortune out of cryptocurrency-related earning, and...

Tron (TRX) Foundation Acquires BlockChain.Org To Further Its Goals

Tron TRX foundation acquires blockchain.org to further its goal of a decentralized web. The new acquisition was made known through a release on the...

Find Out Why John McAfee’s Instruction to “Flood” SEC...

In the past few months, cybersecurity pioneer cum undercover agent John McAfee is believed to have instructed his followers to flood the office and...

Top Executive Adam White Is Leaving Coinbase

Adam White, who leads the institutional platform is leaving the Coinbase. Not only was White one of the first employees for the company, he...

Widow of QuadrigaCX’s CEO Accused of Hiding the Exchange’s...

Quadriga, a Canadian cryptocurrency exchange is in the news again. This time, it has to do with Jennifer Robertson, widow of the exchange's CEO, Gerald...

Cryptocurrency Companies in Malta Face Difficulites in Opening Bank...

Cryptocurrency and Blockchain companies are still facing banking problems in Malta, a European nation that is known to be crypto-friendly. Their difficulties have been...

What is Ethereum (ETH)?

Ethereum (ETH) is currently the second largest cryptocurrency by market capitalization after Bitcoin. We look at the things you probably do not...

IndusInd Bank To Partner With Ripple For Instant Remittances

Today, the Indian bank IndusInd Bank stated that they will rely on Ripple's RippleNet to make cross-border remittances efficiently. By using RippleNet, Ramesh Ganesan, Head of...

Latest Articles

Sygnum Becomes World’s First Licenced and Regulated Digital Asset...

Swiss-based Sygnum, a digital asset investment and solutions provider, has become one of the world's first licensed and regulated digital asset banks after receiving...

The Easiest Way to Pass Your Microsoft MCSA MD-100:...

If you try to think of things that don't use Information Technology in one way or another, it would be a very tough task....

Are Worries Over AI’s Effect on the Financial Jobs...

A recent study by Fountech has revealed that two-thirds of adults living in the UK are concerned that the Artificial Intelligence industry will leave...

Will Cryptocurrency Gambling Kill Land-Based Casinos?

It’s hard to deny that the internet has radically changed the gambling landscape. Sure, the common perception of gambling may still involve the glitz...

Why Some Financial Bubbles Are Necessary Economic Disasters

Microsoft 70-411 Exam: Everything You Need to Know

We can’t deny the fact that the world is moving towards the future faster than ever before. Not a day goes by that we...

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...