The next generation of blockchain experts are soon to be trained in South Korea through a new three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and a Hong-Kong based blockchain and Internet of Things (IoT) startup called Waltonchain.
As reported by a local media outlet KI News, there are just over 40 participants presently being trained in the field and will be ready for immediate employment when they complete the course in 2019.
Wang Sang Hyeong, secretary general of Waltonchain said, “We will provide a one-stop support for employment and business startups as well as education for the professional training of employees, and we will strengthen the building of a healthy blockchain ecosystem.”
The intensive training course will run for six months, requiring the selected students to spend eight hours a day studying; it is a part of the governments “blockchain technology development strategy”, which is reported to see at least KRW 100 billion spent over the next decade to boost the blockchain industry in South Korea.
It signifies a broader scope of vision for the pro-blockchain nation that is wrestling certain facets of the technology, especially regarding the regulation of cryptocurrencies and the presently banned but up-for-debate issue of initial coin offerings (ICOs).
South Korea presently has in place a gigantic fund that focuses on the long-term prospects of fostering technological advancements in all aspects.
The “Growth through Innovation Investment Plan” will see USD 4.4 billion spent on new technologies and innovative industries in 2019, further to this, over the next five years, approximately double that will also be invested into these new technologies.
The next generations
The youth in South Korea are also benefiting from the government’s bullish approach to blockchain. In mid-August, it was reported that another six-month training program was to take place, which is made up of 40 courses including blockchain development among other emerging technologies.
Universities, governments and other institutions are clamoring to educate the next generation of blockchain innovators and entrepreneurs. According to a recent survey published by US-based cryptocurrency exchange Coinbase, 42% of the world’s top 50 universities are offering one course of more that relates to cryptocurrency or blockchain technology.
Blockchain-hub Malta also made recent news with the announcement of an EUR 300,000 blockchain scholarship, which has come from a partnership between the University of Malta and the Malta Information Technology Agency (MITA).
The fund will be available for students specializing in ICT, law, finance and engineering who are looking to state blockchain related Masters and PhD research dissertations.
Efforts to educate on scales such as these reflect the global sentiment toward blockchain and cryptocurrencies; the mood is shifting ever more in favor of the tech at all levels of society and institutionally backed education will only prove to secure its position in the coming future.
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