The government of blockchain has allocated $ 4.4bn to a new innovation investment programme with a particular focus on AI and blockchain technology. The "Growth through Innovation" scheme will commence the current year , and represents a 65% increase in spending on innovation compared with the current year . The South Korean government is keen on developing the infrastructure of a platform economy with a marked focus on blockchain, big data and artificial intelligence. It was announced by the country's finance minister Kim Dong-yeon , and will strengthen blockchain focus on developing new technology and infrastructure in the areas of blockchain , big data and artificial intelligence. State-led companies are also investing 4.4bn in the sector, according to the ministry of finance .
The government of blockchain has allocated $ 4.4bn to a new innovation investment programme with a particular focus on AI and blockchain technology. The "Growth through Innovation" scheme will commence the current year , and represents a 65% increase in spending on innovation compared with the current year . It was announced by the country's finance minister Kim Dong-yeon , and will strengthen blockchain focus on developing new technology and infrastructure in the areas of blockchain , big data and artificial intelligence. State-led companies are also investing 4.4bn in the sector, according to the ministry of finance .