South Korean Government Launches Pyeongchang Blockchain Forum: Boosting National Crypto Presence

Among the South-Asian markets, South Korea has repeatedly proven itself one of the most supportive of cryptocurrencies and blockchain (in terms of government and public).

Even stories from early 2019 support this claim. From the government: blockchain research has ‘Now [been] Granted Tax Credit‘, whilst the Defence Acquisition Program Administration (DAPA) has announced funding for blockchain projects.

Additionally, pro-active regulation is going strong and the country maintains a complete ban on ICOs.

Continuing this trend the first ever ‘Blockchain Pyeongchang Forum’ will take place at the Pyeongchang Alpensia Convention Center, in the Gangwon-do Province of South Korea between the 29th and 29th of January 2019.

The event is accompanied by the tag-line: the “Smart Real Economy of Future of Block Chain”.

According to the official event press-release, the forum will be a space for guests, participants and other attendees to share their respective opinions and vision for the ‘Fourth Industrial Revolution’.

Blockchain Pyeongchang Forum 2019

The Blockchain Pyeongchang Forum 2019 (or ‘BFF 2019 for short’) is an event hosted by the South Korean government, in particular the provincial authorities of the Gangwon-do Province, with sponsorship from a blockchain consulting firm titled ‘Korea Digital Currency R&D‘ (KDC).

The proceedings are divided into what the organisers deem give of the major global issues facing the blockchain industry with a forward-looking perspective. These issues are represented by the following sessions (in addition to exhibitions, ‘road shows’, lectures and discussions):

  • The Creation of A Smart City
  • Blockchain & Local Economy Platforms
  • Commercial Use of Local Currency
  • Infrastructure Convergence
  • Blockchain Policy

Behind The Scenes

Alpensia Convention Center is best known worldwide as the Alpensia Olympic Park, named for its role in the Ski Jumping competition phases during the 2018 Winter Olympics attributing an iconic international status. It has since earned a new prestige for its hotel, resort and conference spaces, which have been used by government, the public, and business alike for the site’s respective features and benefits.

When asked for the official press release (which we received just Yesterday), Choi Moon-soon, Governor of Gangwon-do Province stated that:

“Gangwon-do province would build authentic global brand in blockchain industry. Also, the forum would able to give deep impressions to world with another international event as a host of PyeongChang 2018 Olympic Winter Games.”

Adding to this, BFF2019 officials expect

“that Gangwon Province will become a hub of global blockchain through BPF 2019 after Gangwon Province successfully hosted the Olympics.”