Korea Blockchain Week
Korea Blockchain week is here! South Korea has played a vital role in the crypto space. South Korean have a passion in crypto that can’t be matched. My feeling is that Koreans are sick and tired of their 16 hours a day work culture that they are looking for anything to get them out of it. Add this to the fact that South Korea is already one of the top users of smartphones and have one of the best technological fractures in the world. In a city over a little over 50 million people, South Korea does over 60% of all crypto exchanges.
The Role of the Korean Government on Cryptocurrencies
The Korean government has been hesitant to adopt this new token economy. ICOs were banned and they have made a lot of regulations in regards to crypto exchanges. However, there is a growing movement that the Korean government will change their stance on digital currencies and some even predict ICOs will be back in Korea by early 2019. Once this happens you can bet that there will be a second boom of the crypto wave in Korea.
Many Koreans have lost their money in crypto. Yet their passion for this industry is still high. Again Koreans are looking for a way out of their enslaved office work. As long as there is hope that cryptocurrencies will rise again, Koreans will continue to buy. The Korea Blockchain week will offer many conferences, events, and afterparties. The biggest party might be the iCapital Blockchain Party hosted by CNBC’s Ran Nue-Ner. They will have speakers from iCapital, eToro, and MarketAcross.
Israel Meets Korea
A large contingent from Israel will be coming to Seoul for Korea Blockchain week. Both countries are going through a blockchain revolution. Therefore, it is important for both sides to form partnerships to better understand each countries blockchain ecosystems. The best place to form these networks will be at Beyond Blocks Seoul at the Shilla Hotel. This event has been sold out mainly due to the fact that Michael Novogratz will be talking about this new merchant bank and its role in the crypto space.
Hopefully, this Blockchain week in Korea can help with blockchain innovation and a better understanding of the technology moving forward. So we hope to see you all at the conferences, meetups, and afterparties.