North Korea Blockchain Conference to Showcase Tech Advances
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North Korea has unveiled plans to hold a cryptocurrency and blockchain conference. Experts see this as a way for the country to showcase its technological advancements and support for blockchain.
The country announced it has begun planning to host prominent experts in blockchain and cryptocurrency from around the world. These experts are expected at the Pyongyang Blockchain Conference, which will run for a week.
Besides gaining knowledge from crypto industry leaders, delegates and guests will be treated to a tour of the country.
“Experts in the blockchain and crypto industry will gather for the first time in Pyongyang to share knowledge and vision, establish connections, and discuss business opportunities,” a promotional website for the event said.
North Korea’s Event Ban and Blockchain Interest
It is important to note that delegates from Israel, Japan, and South Korea will not be allowed at the conference. However, this ban does not apply to Americans.
Also, those denied passes include journalists and anyone bringing propaganda or printed/digital material against the dignity of the Republic.
North Korea’s interest in blockchain and digital currencies has been well documented recently. Last year, cybersecurity firm AlienVault discovered software that mines Monero. This crypto is sent to a server at Kim Il Sung University in Pyongyang.
The Andariel group, a hacking unit from North Korea, was also accused of a crypto-jacking attack on a South Korean company.
There is speculation that the country uses digital currencies to bypass U.S. sanctions. According to AlienVault, cryptocurrencies might provide a financial lifeline to North Korea. As a result, universities in Pyongyang have shown clear interest in cryptocurrencies.
In conclusion
North Korea is gearing up to hold a cryptocurrency and blockchain conference in Pyongyang. The conference is expected to have foremost experts in the blockchain and cryptocurrency industry in attendance. While it is open to Americans, delegates from Japan, Israel, and South Korea have been banned from attending. This conference will be coming on the heels of a similar one that was held in August.
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