[BLOG] The Bright Future of the Blockchain.
Tags: Seekers, Future, Blog, Bitcoin, Blockchain

As a bright future of the blockchain is attracting a lot of attention, the number of job seekers in the industry is increasing.

Recently, blockchain has become one of the most popular financial regulatory sandbox pre-filing services. Regulatory Sandbox means a system that exempts and mitigates existing regulations for a certain period so that new technologies can demonstrate their innovation.

Accordingly, the Financial Services Commission (FSC) received a preliminary application for a regulatory sandbox. It is known that not only fintech tech companies but large Korean financial corporations have applied for the blockchain technology to be considered in the regulatory sandbox. Nonghyup Bank and Shinhan Financial Group applied in advance for blockchain technology to be considered under the new law as a major domestic financial company. It is known that the NACF (Nonghyup) focused on solving the issue of customer information destruction problem and managing customer information efficiently by blockchain technology. On the other hand, Shinhan Financial did not disclose what kind of services it would incorporate.

The pre-filling application currently suggests that the large financial firms acknowledge the innovative blockchain technology and are seeking the technological utilization of the blockchain. Previously, for the first time as a blockchain company, “Moin” applied for a regulated sandbox in the ICT sector, but they were excluded from the first round of deliberations. However, the fact that the blockchain technology challenged the regulatory sandbox application can be meaningful, and the challenge of the regulatory sandbox by blockchain is expected to continue in the future.

As such, the number of job seekers who are willing to engage in the blockchain industry is increasing, while the blockchain is recognized as innovative technology. In response to these changes, the education industry and government authorities are conducting various concerts and conferences regarding the discussion of blockchain.

In particular, last month, Founders 2019, the internship linkage program for undergraduate students, was held under the joint sponsorship of Decenter University and Korea University. The program boasted a spectacular lineup of leaders in the blockchain space. CEO of TEMCO, Scott Yoon, appeared as a panel to explain about the blockchain industry and held a QnA session with the students. Scott Yoon emphasized the growth potential of the IT sector, which is still in its infancy. In addition, students had an educational time with top experts and Founders 2019 ended in great success.

Furthermore, internship opportunity was provided to the participants of the program who wish to work after the completion of the program. In fact, one of the students who showed interest in TEMCO project completed the program and is currently working as an intern at TEMCO.

It is significant that CEO of TEMCO, Scott Yoon was invited as a main panel for the program while influential educational institutions such as Korea University is showing major interest in blockchain. Started by Korea University, there are high hopes that such an internship program as Founders 2019 will propel more educational institutions to start such internship programs, promoting blockchain technology. Furthermore, it seems that the time is soon to come when blockchain technology will not only spread through educational institutions but the governments around the world promoting the technology as well.