The Ministry of Science and ICT (Minister Lee Jong-ho) held a launching ceremony for the 2023 blockchain demand and supplier consultative body ‘Able’ at Lotte Hotel World in Seoul, and held an on-site meeting with ABLE participating corporations under the presidency of 2nd Vice Minister Park Yoon-gyu. announced on the fifth.

ABLE stands for ‘Alliance of Blockchain Leading Digital-Economy’.

From last yr to April of this yr, the Ministry of Science and ICT held Season 1 of the ‘On-site Meeting on Digital State Affairs’ 20 times, and thru Season 2 from May of this yr, it directly visited private organizations and associations and listened to experts’ opinions, Communication is continuous.

Blockchain is a technology that may secure trust within the digital age by managing data transparently and safely. With the atmosphere spreading to varied industrial areas resembling ICT and finance, major services and related industries resembling Web3 are newly emerging fields.

The Ministry of Science and ICT announced that it launched a private-centered ABLE consultative body along with the Korea Web & Security Agency to repeatedly connect blockchain technology demand corporations and institutions with blockchain technology supply corporations.

This includes demand corporations that want to introduce blockchain technology/services and suppliers that provide blockchain technology/services. As of June, about 64 member corporations have participated.

The consultative body ▲operates an advisory body for investment attraction, overseas expansion, legal/institutional, and technology networking ▲prepares a venue for product/technology explanations between demand/suppliers ▲holds regular meetings to share policies/trends ▲networks for continuous communication do.

A complete of 64 blockchain-related private corporations and institutions attended the launching ceremony held on this present day, and after the launching ceremony, Vice Minister Park Yun-gyu held an on-site meeting on digital state affairs for participating corporations.

The primary speaker, Kim Do-chang, secretary of the Ministry of Science and ICT, shared the federal government’s block-chain policy direction based on the block-chain industry promotion strategy, and Jin Chang-ho, a partner of Boston Consulting Group, explained the trend of revitalizing block-chain services through examples of representative domestic and foreign block-chain service corporations.

Participants provided ideas for services that could be experienced by the general public for the promotion of the blockchain industry, while discussing measures to effectively showcase the wonderful technological capabilities of domestic corporations to the worldwide market and the necessity for presidency support.

2nd Vice Minister Park Yoon-gyu said, “The federal government’s block chain policy has focused on discovering pilot services and developing base technologies for the initial market formation.” It is necessary to upgrade to introduce it to the market,” he said.

He also said, “Starting with the Able launching ceremony and conference, we’ll proceed to reflect industry opinions to create a blockchain ecosystem led by the private sector.”

Reporter Lim Dae-jun ydj@aitimes.com