South Korea creates plan for blockchain and its CB
New 10-Year estimated development plan presents blockchain technology higher priority
The Central Bank of South Korea continues to intensify its efforts to develop the lender’s digital currencies as there is an increase in research, hiring and collaboration efforts in the space.
According to a report issued by the Central Bank of Korea, a plan for the nation’s economy is described as “more flexible and consistent with the changes of the times” in order to bring information and communication technology to internal and policy management.
The measure is quite detailed and envisions a positive future for blockchain technology in the Asian country. The authorities are still working to promote the use of innovative tools, but not without first ensuring that legal and technical standards are established.
Korea has been testing pilot projects to strengthen this area for some time. An example of this is the research organization created in February to expand the CCB’s research efforts. Further evidence of interest lies in the fact that a CCB legal advisory group will be launched next week to manage the legal requirements.
In addition, at the end of this year officials will announce a “digital innovation room” to expand research on new technologies; The objective is to build an infrastructure made up of the support systems necessary for this change in the second half of 2020.
K.Villarroel
Source: beincrypto
