With a vision of developing blockchain technology that will be embracing the Fourth Industrial Revolution, The Korean Standards Association (KSA) has signed an agreement with the Walton Blockchain Institute.
Strong purpose of the partnership
The Korean Standards Association, a public organization under South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) was founded to add to the development of Korean economy by boosting industrial standards and quality management, thus encouraging the use of scientific techniques and improving production efficiency.
Korean Standards Association partners with Walton Blockchain Institute on the development of the blockchain technology to embrace the Fourth Industrial Revolution.#Waltonchain #Blockchain #IoT #Education #Industry40 #TechNewshttps://t.co/ZGX4FzSd5i
— Waltonchain (@Waltonchain) June 15, 2018
Walton blockchain already has the presence in South Korea as it R&D Institute located in Seocho-gu, Seoul, which intends to provide training in all areas of blockchain technology.
Through this agreement, both parties will cooperate in the following three aspects:
- Blockchain education program design and operation;
- The inclusion and operation of the blockchain private qualification system and qualification verification.
- Participation and operation of government support topics in the blockchain industry.
Waltonchain came to market last year through an ICO and, although this Chinese-Korean team is perhaps best known for their RFID technology, they are committed to the broader space of the Internet of Things (IoT) and integration of the blockchain into all areas of commerce.
South Korea: Committed to the blockchain
South Korea plans to be one of the leaders in supporting blockchain. It has not only regulated the cryptocurrencies but now also is investing in training and education so that it can contribute great professionals as the blockchain and cryptocurrencies find acceptance.
This partnership is one such example where Walton Blockchain Institute collaborated with the Korea Standards Association to introduce Blockchain Expert Qualification Certificate, a private-certified qualification. The first appraisal exam will be held later this year. Blockchain expert qualifications are classified into Level 1 and Level 2; Level 2 requires a written test, and Level 1 is assessed through a written test and an interview.
The managing director of the Korea Standards Association Lim Hyeon Cheol emphasized:
“The purpose of this partnership agreement is to promote blockchain-related technical education, cultivate talents and enhance IT professionalism.”
The achievement of the blockchain education is our current priority and the cultivation of blockchain talents is the cornerstone for the development of the future blockchain technology. With this level of commitment towards blockchain, South Korea definitely looks ahead in the race and with training professionals to blockchain technology, it is planting saplings towards a better future.
Will other countries follow suit and up their game by investing in training for blockchain technology and its implementation like South Korea? DO let us know your views on the same.
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Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.