A new initiative by the finance ministry in South Korea will work towards incorporating blockchain in trade by 2021 with an aim to reduce costs incurred in trade operations. South Korea remains at the forefront of adopting some of the newest technologies. As blockchain gained traction in early 2018, it was one of the initial few countries to experiment with the blockchain’s potential in reviving business functionalities. Although the government maintains a hostile stance towards some cryptocurrency exchanges and ICOs, blockchain technology implementation has always been accepted whole-heartedly. South Korea leads the way by incorporating blockchain in trade According to
