KISA Launches 2023 Blockchain Public and Private Sector Support Project Contest

207 Billion KRW in National Funding... Total of 12 Selected

[Asia Economy Reporter Minyoung Cha] The Korea Internet & Security Agency (KISA) announced on the 6th that it will promote the '2023 Blockchain Public Sector Support Project Demand Survey' and the '2023 Blockchain Private Sector Intensive and Expansion Project Contest' in collaboration with the Ministry of Science and ICT.

KISA will implement intensive projects, which are large-scale projects directly experienced by the public newly promoted in both public and private sectors, and expansion projects aimed at discovering fields with high blockchain ripple effects, to accelerate the use of blockchain technology in everyday life.

The public sector will have two intensive projects and four expansion projects with a total budget of 11.2 billion KRW, while the private sector will have one intensive project and five expansion projects with a total investment of 9.5 billion KRW. The public sector will conduct a demand survey targeting government ministries, local governments, and public institutions to discover government public service projects, while the private sector will proceed in the form of an open contest targeting companies.

KISA has newly established evaluation criteria to reflect public opinions during the evaluation stage to discover projects that benefit the public. An advisory group of industry, academia, and research experts will be formed to provide consulting on legal, technical, and business model establishment. In the private sector, the project period has been extended by four months to a total of 10 months to allow companies to focus on service development, and the scope of in-kind recognition has also been expanded.

Public Sector Regional Demand Survey Briefing Session

The demand survey period for public sector support projects is from August 30 to October 7, and the contest period for private sector intensive and expansion projects is from September 6 to October 14. Detailed information about the projects can be found on the KISA website's notice section, and guidance is also available through project briefing sessions. Regional demand survey briefing sessions for the public sector will be held from September 2 to 20, and the private sector briefing session will be held on the 20th at the Korea Advertising Culture Center in Seoul.

Kwon Hyun-oh, Head of KISA's Digital Infrastructure Headquarters, stated, “Through this support project contest, KISA will strive to discover leading and growth-oriented services to strengthen the competitiveness of the domestic blockchain industry and provide transparent and trustworthy services to the public.”

This content was produced with the assistance of AI translation services.