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South Korean University Announces New Blockchain Campus

South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu.

According to the announcement printed by native media outlet Money Today, the Daegu-based college plans to show about AI, massive information, and cloud-based expertise within the brand-new division. They intend to start accepting college students by 2021.

COVID-19 disaster as a possible for blockchain adoption rising

Kim Kun-woo, director of the Planning and Coordination Division of the college, praised the announcement. He acknowledged that the world is “rapidly” altering to a blockchain and AI-based society as a result of world COVID-19 disaster.

The announcement additionally says that a number of Daegu-based blockchain corporations have agreed to offer coaching and work expertise applications throughout the campus.

The college will implement user-friendly companies that enable cohesion between college schooling and tutorial administration, hand in hand with specialists in every area.

South Korea retains cheering up the blockchain trade

The South Korean authorities continues to keep up a optimistic stance in the direction of the event of the nation’s blockchain trade.

Cointelegraph reported on April 17 that the Vice Minister of Strategy and Finance, Koo Yun-cheol, mentioned that the blockchain market represents a “golden opportunity” for South Korea, calling for personal sector corporations to take advantage of this potential.

Two South Korean ministries introduced their help for the nation’s blockchain trade on March 17, with plans to allocate as much as $3.2 million in funding to native startups to encourage using such expertise.

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