The chairman of Netmarble, one of the largest South Korean gaming companies, believes that blockchain technology will soon be applied across all industries, local news outlet EDaily reports June 20.Netmarble reported revenue of 1.5 trillion won in 2016, with a market cap of 12.86 trillion won today.
"Blockchain with objectivity, reliability and security will be applied to all industries in the future,".
"The Internet was not a bubble. The Internet has made all industries convenient [Blockchain].is not a bubble because there are people who have invested in bitcoin. It is a bubble for those who do not know, but an opportunity for those who know."
"It seems that this time comes once every ten years now we are expecting blockchain."
South Korea's central bank has begun exploring the idea of using blockchain in order to achieve their aim of a cashless society by 2020.
The South Korean government announced a new positive direction for their cryptocurrency and blockchain legislation at the end of May, when they announced a plan to make initial coin offerings legal again.
Chairman of Korean Gaming Giant Predicts Use of Blockchain in 'All Industries' in Future
Udgivet den Jun 20, 2018
by Cointele | Udgivet den Coinage
Coinage
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.