South Korean ‘4th Industrial Revolution’ starts with Blockchain training

12 Aug, 2018
by Manon Bridou-Koenig
News
South Korean ‘4th Industrial Revolution’ starts with Blockchain training

The Ministry of Science and ICT of South Korea announced the conduction of its ‘Innovative Growing Youth Talent’ program in order to meet the needs of the “Fourth Industrial Revolution.” Through this program, one of the field that South Korea wishes to promote in preparing its youth for the future is blockchain.

The so-called Fourth Industrial Revolution has been characterized by the World Economic Forum (WEF) as a series of technological breakthroughs that “will fundamentally alter the way we live, work and relate to one another across the global polity, from the public and private sectors to academia and civil society.”
The WEF recognized blockchain’s major role in the Fourth Industrial Revolution in 2016.

In another hand, South Korea has been facing issues with employment where young people either have not been able to find jobs or have been employed in fields for which they are not skilled for.

This new program called ‘Innovative Youth Talent’, has been initiated to cater this issue; it will be “targeting young job seekers to eliminate jobs mismatches…”.

The program offers 40 training courses which will cover the above mentioned fields. Out of these 40, 10 are dedicated towards software and hardware. The training will last for 6 months starting from as soon as September 2018, and ending in February, 2019. The target number of students for the program is set to be 1200. These students will be recruited throughout the month of August through a “self-selection criteria for each educational institution.”

South Korea is currently the third largest cryptocurrency market, just after Japan and the U.S.

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