On November 14, 2018, LINFINITY CEO Anndy Lian attended the “Inauguration Ceremony of the Gyeongsangbuk-do Blockchain Special Committee” organised by the Government of Gyeongsangbuk-do, in South Korea. The committee is comprised of 40 people, including top project sponsors, founders and leaders of blockchain industries, such as Brock Pierce, Chairman of the Bitcoin Foundation; Jeffrey Jones, President of the American Chamber of Commerce in Korea; Alexis Sirkia, founder of GSR; Jonathan Kochmer, former Information Architect of Amazon and Director of Business Development of RChain Cooperative; Eyal Oster, CEO of Momentums and Annastasiah Mhaka, Co-Founder of AAIH (the Alliance for Artificial Intelligence in Healthcare.
Mr. Lian has become the newest member of these ranks, and was presented as the new ambassador of the Blockchain Special Committee. Gyeongsangbuk-do Governor, Lee Cheol-Woo, personally presented him with a Letter of Appointment.
The Gyeongsangbuk-do Blockchain Special Committee is aimed at cultivating the blockchain industry, building a blockchain research centre, attracting investment in blockchain-related projects, and promoting the development of the blockchain industry in the city of Gyeongsangbuk-do. “To nurture the blockchain industry, we will work with a special committee of national and international experts to develop strategies in a pre-emptive manner,” Mr. Lee Cheol-Woo, Gyeongsangbuk-do Governor, said at the inauguration ceremony. “The establishment of the committee is not the first time Gyeongsangbuk-do has entered the field of blockchain. This summer , the Gyeongsangbuk-do Provincial Government announced plans to issue its own local cryptocurrency – ‘Gyeongbuk Coin’, which will effectively benefit businesses.”
After the ceremony, Anndy Lian delivered a keynote speech on “The Blockchain Industry Development of Gyeongsangbuk-do”. “I am very pleased to be a member of the Gyeongsangbuk-do Blockchain Committee. This is not only a personal honour, but also a recognition of LINFINTIY and its commercial development process. It is also a great honour to gather with leaders and elites in the blockchain industry to participate in the development of Gyeongbuk’s blockchain industry. LINFINITY will provide complete technical support.” He added, “As we all know, Gyeongsangbuk-do is rich in high-quality, specialist products – seafood, agricultural products and so on. LINFINITY will also use its own blockchain-based anti-counterfeiting and traceability technology to bring them to markets further afield.”
Since blockchain became a recognised industry, South Korea has always been at the forefront of business, supporting and promoting the industry itself as well as its technological development. The various blockchain test zones led by the South Korean government are in an intensive deployment phase; according to a recent report by Cointelegraph, the South Korean government plans to increase the budget for developing blockchain technology to USD$35million in 2019, three times the allocated budget for 2018.
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