Waltonchain Partner With South Korean Ministry of Trade

Waltonchain Partner With South Korean Ministry of Trade

Waltonchain have signed a partnership agreement with the Korean Standards Association (KSA), a public entity under South Korea’s Ministry of Trade, Industry and Energy (MOTIE), to co-operate on key areas of blockchain development.

This intent to “embrace the Fourth Industrial Revolution” include designing a blockchain education program that includes on-chain qualification verification as well as participating in government support topics within the blockchain industry.

Blockchain Expert Qualification

The KSA is focused on the development of the Korean economy by improving industrial standards and quality management leading to production efficiency.

Walton blockchain R&D ​​Institute located in Seocho-gu, Seoul, was founded in April with the intention of training in all areas of block chain technology.

Between them, they have now introduced a Blockchain Expert Qualification Certificate – a private-certified qualification – that will see students sitting exams later this year.

Unlike most current tests, this one will include both written and oral examinations.

The managing director of the KSA, Lim Hyeon Cheol, said “The purpose of this partnership agreement is to promote blockchain-related technical education, cultivate talents and enhance IT professionalism.”

Waltonchain came to market last year through an ICO and, although this Chinese-Korean team are perhaps best known for their RFID technology, they are committed to the broader space of the Internet of Things (IoT) and integration of the blockchain into all areas of commerce.

Their WTC native token reached a peak of over $40 in February but has since declined with the rest of the market, currently trading at around $8.60 per token.