South Korea University Plans to Establish Blockchain Campus


Korea Artificial Intelligence Association and Daegu-based university have made an agreement to establish a blockchain campus.

On 22 May  South Korea’s Suseong University achieved a contract with the Korea Artificial Intelligence Association, or KOREA, to develop a blockchain and AI campus in Daegu.

According to the statement released by domestic media outflow Money Today, The goal of the Daegu-based university is to inculcate AI, large scale data, and cloud-based technical advancement in the brand new division. They plan to start admissions for students by 2021.

COVID-19 Impact Showing Potential For Blockchain Upgrading Acception

Kim Kun-woo, director of the Planning and Coordination Division of the university, appreciated the declaration. He stated that – a global togetherness towards a blockchain “rapidly” and AI-based culture because of the worldwide l COVID-19 pandemic.

The statement also clears that many Daegu-based blockchain companies have decided to run training and work out projects within the campus.

The university will provide user-friendly practices that allow cohesion between university education and academic administration, in cooperation with specified persons in every field.

South Korea Continues To Support The Blockchain Industry

The South Korean government carries on to obtain a positive stand towards the nation’s blockchain industry advancement.

Koo Yun-Cheol, the Vice Minister of Strategy and Finance, informed to Cointelegraph on April 17 that the blockchain market stands for a “golden opportunity”  for South Korea inviting for private sector firms to take advancement of this capacity.

On March 17, two South Korean ministries declared that they standby for the blockchain industry to support as a nation’s policy, and to initiate and to promote these technologies, set up of $3.2 million in fundings at the domestic level is arranged.

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