🔴South Korean Government: Blockchain Represents a Golden Opportunity
🔻The South Korean government stated that the blockchain represents a golden opportunity. They have summoned private sectors to concentrate specifically on the blockchain industry.
In a meeting on blockchain technology, South Korea Vice Minister of Strategy and Finance said that the size of the blockchain industry is predicted to grow by more than 80% per year on average, he said that blockchain is a promising technology in the future. The Vice Minister also suggested fundamental rearrangement of the system and running a public pilot project to identify market demands in order to create an initial market.
#blockchain
#government
#adoption
#South_Korea
#goldenopportunity
🔻The South Korean government stated that the blockchain represents a golden opportunity. They have summoned private sectors to concentrate specifically on the blockchain industry.
In a meeting on blockchain technology, South Korea Vice Minister of Strategy and Finance said that the size of the blockchain industry is predicted to grow by more than 80% per year on average, he said that blockchain is a promising technology in the future. The Vice Minister also suggested fundamental rearrangement of the system and running a public pilot project to identify market demands in order to create an initial market.
#blockchain
#government
#adoption
#South_Korea
#goldenopportunity
Currently due to the global COVID19 pandemic, people are bored and using gaming apps more than ever. As a matter of fact, gaming apps have witnessed an upsurge in downloads. Recently, crypto gaming company, Bling, reported that the number of people using its gaming apps has increased considerably since COVID19 pandemic.
Bling platform is reaching 70,000 users per day, and over 400,000 active users per month. Bling CEO stated a proposition about giving bitcoin away for free through gameplay, due to the fact that the current situation may be an opportunity for many folks who previously heard about Bitcoin but never got around to learning much about it to take that time to learn and collect some Bitcoin.
#bitcoin
#blockchain
#technology
#adoption
#game
Bling platform is reaching 70,000 users per day, and over 400,000 active users per month. Bling CEO stated a proposition about giving bitcoin away for free through gameplay, due to the fact that the current situation may be an opportunity for many folks who previously heard about Bitcoin but never got around to learning much about it to take that time to learn and collect some Bitcoin.
#bitcoin
#blockchain
#technology
#adoption
#game
🔴LG Employs Facial Recognition Biometric Technology to Conduct Payments with Digital Currency
🔻LG Corporation’s IT services subsidiary is using facial recognition biometric technology to conduct payments with digital currency, which is called IT Times.
The aforesaid system enables employees to pay for services and products at the corporate restaurant with a blockchain-based community currency. As non-face-to-face technologies are applied recently, blockchain that increase transaction reliability will be used more widely.
There has been security concerns about the user’s privacy and freedom in blockchain era, some believe that it may pave the road for advent of modern slavery.
#blockchain
#cryptocurrency
#payment
#SouthKorea
#artificialintelligence
#adoption
#LG
#digitalcurrency
#privacy
🔻LG Corporation’s IT services subsidiary is using facial recognition biometric technology to conduct payments with digital currency, which is called IT Times.
The aforesaid system enables employees to pay for services and products at the corporate restaurant with a blockchain-based community currency. As non-face-to-face technologies are applied recently, blockchain that increase transaction reliability will be used more widely.
There has been security concerns about the user’s privacy and freedom in blockchain era, some believe that it may pave the road for advent of modern slavery.
#blockchain
#cryptocurrency
#payment
#SouthKorea
#artificialintelligence
#adoption
#LG
#digitalcurrency
#privacy