South korea'southward Suseong University reached a bargain on May 22 with the Korea Artificial Intelligence Clan, or KORAIA, to create a blockchain and AI campus in Daegu.

According to the announcement published by local media outlet Money Today, the Daegu-based university plans to teach almost AI, big data, and cloud-based applied science in the brand-new department. They intend to brainstorm accepting students by 2022.

COVID-19 crisis as a potential for blockchain adoption growing

Kim Kun-woo, director of the Planning and Coordination Division of the university, praised the announcement. He stated that the world is "rapidly" changing to a blockchain and AI-based society due to the global COVID-nineteen crisis.

The announcement also says that several Daegu-based blockchain companies have agreed to provide preparation and work experience programs within the campus.

The university volition implement user-friendly services that allow cohesion between university didactics and academic administration, hand in paw with experts in each field.

Due south Korea keeps auspicious up the blockchain industry

The Southward Korean authorities continues to maintain a positive stance towards the development of the land'southward blockchain industry.

Cointelegraph reported on April 17 that the Vice Government minister of Strategy and Finance, Koo Yun-cheol, said that the blockchain market represents a "aureate opportunity" for Southward Korea, calling for private sector companies to exploit this potential.

Two South Korean ministries announced their support for the state's blockchain industry on March 17, with plans to allocate upwards to $3.2 million in funding to local startups to encourage the apply of such technology.