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South Korea Gov’t Sponsors Blockchain Hackathon in Fresh Public Awareness Drive

South Korea continues its drive to promote and expand uses for blockchain, announcing a hackathon to bring new ideas from the public Monday, August 27.

The brainchild of the Korea Internet & Security Agency (KISA) and Korea IT Industry Promotion Agency (KIPA), the event is now accepting applications and will run in late November as part of the state-sponsored ‘Blockchain Promotion Week.’

Also supporting the scheme is the Korean Ministry of Science and ICT, which has begun a comprehensive blockchain awareness program stretching into 2019.

According to local news outlet Money Today, the hackathon will focus on “solving social problems and innovating public and private services through blockchain technology, and the development of distributed apps (DApps) [...] for improving the efficiency of the public and private sector, providing nationwide benefits.”

Blockchain is further set to see major investment as an industry from the Korean state in the coming years, with at least 5 trillion won ($4.4 billion) earmarked for 2019.

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