South Korea’s New Initiative to Build Blockchain Experts: A Six-Month Training Journey

South Korea’s Bold Move Towards Blockchain Expertise

In an exciting step toward enhancing the blockchain workforce, South Korea has kicked off a six-month training program designed to transform forty-two eager candidates into blockchain specialists. The initiative, reported by local media on September 3, marks a significant push in a country eager to make its mark in the burgeoning blockchain economy.

The Power of Partnership

This standout program is a collaborative effort between the Ministry of Technology and ICT, the Korean Standards Association (KSA), and Waltonchain, a Hong Kong-based startup known for its ventures into blockchain and IoT. This trio aims to bridge the gap in skilled labor, ensuring not only an influx of experts but a thriving ecosystem for blockchain technologies.

Ready for the Real World

What’s really cool about this course is that it’s not just about theory. Participants will be prepped with the necessary skills for immediate employment after they graduate in January 2019. It’s like a boot camp, but with fewer push-ups and more coding!

A Mission Driven by Economic Growth

Wang Sang Hyeong, the secretary general of Waltonchain, put it succinctly, stating, “We will provide a one-stop support for employment and business start-ups,” echoing the government’s effort to cultivate a healthy blockchain ecosystem. And let’s be real, that’s kind of a big deal when you consider how rapidly the industry is evolving.

Investments: The Future is Bright

The South Korean government isn’t just dipping its toes in the water; it’s making waves! With blockchain and related technologies like AI set for a whopping $4.4 billion investment influx next year, we’ll probably witness a tech boom that even Hollywood would envy. Let’s just hope the robots don’t take over first.

Empowering Youth and Innovation

This initiative also forms part of a broader government-sponsored youth training project aiming to tackle unemployment while simultaneously filling the skills gap in this innovative sector. And on a fun note, a blockchain hackathon is slated for November, where teams will compete for prizes showcasing novel use cases of the technology. Sounds like a techy trivia night to me!