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US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution

America State Division and South Korea’s Ministry of Science and Era (MSIT) have resolved to enhance the 2 international locations’ cooperation in advancing the Fourth Business Revolution, at a press convention held in Seoul nowadays, June 22.

The so-called Fourth Business Revolution has been characterised by means of the Global Financial Discussion board (WEF) as a chain of technological breakthroughs that “will basically modify the best way we are living, paintings and relate to each other… [across] the worldwide polity, from the private and non-private sectors to academia and civil society.” The WEF identified blockchain’s primary function within the Fourth Business Revolution as early as 2016.

Nowadays’s press convention in Seoul published that the United States and South Korea plan to coordinate their data and conversation era (ICT) coverage, in addition to resolving to “enhance [their] bilateral cooperation on cybersecurity and privateness,” with each international locations spotting that “information is a key useful resource” within the Fourth Business generation.

The 2 governments nowadays mentioned they might paintings in combination along global organizations such because the Global Telecommunication Union (ITU) and the Group for Financial Cooperation and Building (OECD) to paintings against “extra clear and open world web governance” – for which blockchain’s central providing of a tamper-proof ledger is a cornerstone innovation.

Particularly, the 2 international locations published plans to to enlist Korean electronics massive Samsung and

US-based Microsoft – either one of that have closely invested within the construction of their very own blockchain platforms – to advise on tactics during which new applied sciences can give a contribution to the folks and economies of each international locations.

In April, Samsung mentioned it perspectives blockchain because the “core platform to gas [its] virtual transformation.” The corporate has already partnered on a pioneering settlement with the South Korean executive for the introduction of a blockchain platform for “welfare, public protection and transportation” by means of 2022.

Nowadays’s press convention additionally targeted at the two international locations’ global group cooperation, revitalizing the virtual financial system, cross-border information change, 5G cell communications and synthetic intelligence (AI), the latter of which is increasingly more being effectively examined along with blockchain tech to revolutionize spaces comparable to logistics, or even to run blockchain-based good contracts.

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