More Countries Continue To Show Support For Blockchain Technology

[deisik]

Many well known institutions, companies and organisations are already showing their support for blockchain technology. It is a good development seeing some governments supporting the technology. The odd: the support is just for the tech and not for bitcoin or cryptocurrency

I don't think it is even so for the tech

It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies

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[indrakusumaindra]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

i do think blockchain will be a big sector that will support economy in 2022 and as we can see right now there many businesses are trying to use blockchain technology into their businesses system.

[Harlot]

~snip~

I don't think it is even so for the tech

It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies

Yup, I have to agree with you. They don't believe the technology per se but they see it as a business opportunity that is why a lot of nobodies in the past are creating this crypto-startups hoping to be the next hit or at least be successful in the industry. Blockchain tech is still at its infancy and they are already trying to go from medical records to as far as upgrading the election system which is good if its successful but the problem here is it is really not yet a ready made system which we can use right away, if there are problems after the launch a lot of bad things can happen.

[wendiar19]

this can be one of the good news because more and more countries have started to support blockchain technology and support the existence of bitcoin and hopefully this can be a good first step to make the price of bitcoin expensive and can make bitcoin prices recover like in 2017 again.

[deisik]

~snip~

I don't think it is even so for the tech

It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies

Yup, I have to agree with you. They don't believe the technology per se but they see it as a business opportunity that is why a lot of nobodies in the past are creating this crypto-startups hoping to be the next hit or at least be successful in the industry. Blockchain tech is still at its infancy and they are already trying to go from medical records to as far as upgrading the election system which is good if its successful but the problem here is it is really not yet a ready made system which we can use right away, if there are problems after the launch a lot of bad things can happen

The crypto startups you refer you are likely creating problems out of nothing

That is, at first you create a problem out of thin air (very much like banks create fiat money), then you try to successfully solve it. Well, actually you don't try to solve it as it doesn't exist for real in the first place, but you make it look like its real and urgently needs to be solved. This allows you to ask for grants (if you are a public institution like a university) or turn to fundraising (if you are a startup)

And the blockchain fits this scheme perfectly as it can be advertised as a modern snake oil effective against all current maladies and misfortunes (like poverty, corruption, and whatnot). It doesn't really matter whether it can actually be of help as it is not even planned to help solve anything at all

[Harlot]

~snip~

And the blockchain fits this scheme perfectly as it can be advertised as a modern snake oil effective against all current maladies and misfortunes (like poverty, corruption, and whatnot). It doesn't really matter whether it can actually be of help as it is not even planned to help solve anything at all

At the end they are fooling a lot of persons in the process or worst they even try to believe it in themselves that this kind of cryptocurrency can solve this "one problem" in the world, where at the same time they themselves as investors would profit from it. This kind of thing where ICO developers and investors starts to think alike and its what maddens me as at the end even if the crypto fails the developers still cash-ins some money left for them which most of the investors won't even have.

Lately I have been seeing a lot of cryptocurrencies that is focus on preserving Art, saving indigenous people, helping people below the poverty line all of them are tackling problems that will interest a lot of people which increase the chances of a lot of people participating. The problem is how can one coin solve these problems? Even if they reach the target investment do they even go to the people/things they intended it to be? I doubt it. Maybe most of it are just in the pockets of developers right now.

[sirminesalot]

very good and exciting news with the news means that the development of the blockchain and crypto currency is increasingly clear and well developed

[Rooster101]

The use of blockchain is also getting popular inthe Southeast Asia like  Singapore and the Philippine. The government of the Philippines has already allocated an economic zone exclusively for the fintech and other companies that uses blockchain. Ope that this part of the world will soon catch up with the other countries that are now leading in blockchain development.

[gabbie2010]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

The blockchain technology already proven that it can help the current payment system to become more faster and better. There are now many countries that keep supportig it because of its uses and functions in the economy.

Not only payment system alone is where blickchain technology is applicable, other areas where its useful are in chain supply, medicine, sport, electoral process etc I was not surprise to see south Korea taking a major step toward encouraging blockchain companies via some tax waiver or deduction having studied the impact of this technology towards the development of their country  and I hope other Asian countries will follow the foot path of south Korea.

[Triwiyono]

good news if there are some other countries that want to support or use blockchain technology, what else if the country is from Asia. this is the first step, where other countries such as in Europe also have to support or use blockchain technology.

[Twinkledoe]

I think this kind of support is to be expected. More and more institutions as well as countries gaining their knowledge about the benefits of blockchain technology, will be heading to the utilization of this tech.

No wonder, many giant companies are silently integrating blockchain in their ecosystem. This is a good development as more demand means increase in value of cryptocurrencies.

[Menawi12]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

The blockchain technology already proven that it can help the current payment system to become more faster and better. There are now many countries that keep supportig it because of its uses and functions in the economy.

Not only payment system alone is where blickchain technology is applicable, other areas where its useful are in chain supply, medicine, sport, electoral process etc I was not surprise to see south Korea taking a major step toward encouraging blockchain companies via some tax waiver or deduction having studied the impact of this technology towards the development of their country  and I hope other Asian countries will follow the foot path of south Korea.

More countries allowing blockchain project in many fields and it will be a good future for cryptocurrency market. South Korea is country where crypto transaction is big enough and the people having a good knowledge about cryptocurrency market. More country will following south korea policy in crypto

[babarian]

Didn't South Korea have long supported blockchain technology?
this is obsolete news.
even now blockchain technology is starting to be widely used by several countries in the world and applied to several sectors.

[Moshaid]

Blockchain is a virtual financial mining operation that has without doubt taken the world by storm. It has become expedient, following forecasts from top businessmen.

[goaldigger]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

Good news and a good start for us crypto people for the year 2019. Who says bitcoin and altcoins are dead? You should take your words back. Bitcoin will continue to grow on other countries and we cant help it. This is the year for cryptocurrency growth and i claim it.

[ongkok87]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

i do think blockchain will be a big sector that will support economy in 2022 and as we can see right now there many businesses are trying to use blockchain technology into their businesses system.

of course that is because nowadays there are already a lot of companies that want to use blockchain technology, so if a lot of countries want to adopt the blockchain it will certainly be fast developing

[Muzika]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

i do think blockchain will be a big sector that will support economy in 2022 and as we can see right now there many businesses are trying to use blockchain technology into their businesses system.

of course that is because nowadays there are already a lot of companies that want to use blockchain technology, so if a lot of countries want to adopt the blockchain it will certainly be fast developing

this technology will be in demand soon in any kind of businesses, here in my country there are lots of establishments accepting a crpyto kind of payment
and in the future there are lots of businesses will adapt this kind of technology in their whole process.

[Siti Nurbaya]

The good news but does not affect the crypto market, just hoping this news can provide a positive sensation for crypto lovers and tech lovers. Hopefully, other countries can also participate in Korea in responding to blockchain technology because this technology is feasible to develop and has many benefits.

[Naida_BR]

South Korea Slash Tax For Blockchain Startups by Over 30%. Blockchain companies operating in South Korea had some good news to cheer on in the past week as the country took a bold step to encourage the growth of the industry.

https://www.addisonchurchill.io/south-korea-slash-tax-for-blockchain-startups-by-over-30/

Good news and a good start for us crypto people for the year 2019. Who says bitcoin and altcoins are dead? You should take your words back. Bitcoin will continue to grow on other countries and we cant help it. This is the year for cryptocurrency growth and i claim it.

Do you have any positive signal to say that? I believe that the value of the cryptocurrency market is prompt to increase during 2019, but this year hasn't started very good. If we aren't to see an increase in the Bitcoin price (a considerable one) during Q1 2019 then I think that the situation will be very difficult for this year as well.

[Moiyah]

This doesn't surprise me at all. Some of the countries are now an open minded one, who are accepting this kind of technology to somehow boost their economic status. South Korea is one of them. They've come to realized that the blockchain technology is kind a big help in some areas of businesses, merchandising and other fields.