In Korea, a report on the block chain was recently released by a government-affiliated organization.
The report is also proof of showing that the government is getting more and more favorable attitude toward blockchain and cryptocurrency
The title of the report is "Current analysis and implications of core technologies that will bring about government innovation in the fourth industrial revolution and blockchain for intelligent government drive."
All rights reserved by Korea National Information Society Agency
Introduction is about how much blockchain technology will be influential.
Because blockchain technology shows different structure from any other technology, it is considered to be greatly influence in various field. Blockchain technology is very effective when it comes to international money transfer, international trade because blockchain is secure and stable that it will get rid of middleman. Elimination of middleman lessens fee and enhance efficiency. Also health and medical industry are trying to apply blockchain to achieve efficient information database.
World Economic Forum said that the blockchain will take up 10% of world GDP by 2025, Gartner predicted value related to blockchain will be 3.1 trillion by 2030.
In fact, many countries are trying to apply blockchain to many things including government affair. England is verifying the efficiency of blockchain when it is applied to institutional work. In USA some state already legislated to accept the record and signature which is from blockchain.
The reason why blockchain is so influential is because it's distributed ledger. Distributed ledger is secure and reliable by the technology itself. Unlike the contemporary system blockchain network will form transparent and fair environment.