According to a local news publication, the Bank of Korea is actively establishing a specific department to handle research and implementation of both AI and Blockchain technologies. This will reportedly be called the “Digital Innovation Department.”
This development is purportedly the bank’s move to introduce and subsequently utilize several varying technologies based in the two fields mentioned above. The brand new division will be responsible for the facilitation and implementation of innovative digital tech regulations alongside the ongoing expansion for the world’s latest digital groundwork.
Officials from the Bank of Korea have high hopes regarding the establishment of this new department. Many believe that this development will bear more fruits in the long run, and is a necessary move to stay ahead of the current demands enforced by the technologically-driven ecosystem we have today.