South Korea’s Suseong University Establishes DLT and AI Training Center
The Suseong University in South Korea will be operating with the Korea Artificial Intelligence Association (KORAIA), in order to build a blockchain or distributed ledger technology (DLT) and AI-focused campus in Daegu, a city located in the country’s North Gyeongsang province.
Local media outlet Money Today verified that the Daegu-based Suseong University would be providing educational courses about Big Data, AI, and cloud technology. The university will start taking applications next year from interested students.
Kim Kun-woo, director of the planning and coordination division at the university, stated that countries are increasingly adopting blockchain and AI-enabled solutions throughout the world. Several Daegu-headquartered blockchain startups will reportedly be giving training and vocational programs at the campus.
The university stated it would be maintaining a collaborative learning environment where students will get the opportunity to discover about the latest technologies from industry experts. The South Korean government has usually had a positive and receptive attitude towards emerging technologies such as blockchain or DLT.
Koo Yun-cheol, the Korean vice minister of strategy and finance, lately claimed that the nascent blockchain industry serves a “golden opportunity” for the country. He requested private sector firms to examine potential use cases for DLT.
Two ministries in South Korea lately verified that they plan to help the nation’s blockchain sector. They will allot as much as $3.2 million in funding to local companies that are focused on promoting DLT-powered solutions.
The nation’s Fintech Sandbox program has secured $111 million in the capital, in order to operate on several financial technology and blockchain-related projects. It’s anticipated to generate 380 new jobs. Earlier this year, the South Korean National Assembly introduced an amendment to bring cryptocurrencies under the country’s legal system officially.