North Korea is planning its own blockchain and a crypto conference


In an effort to show their alleged technological abilities, North Korea will hold a blockchain and cryptocurrency conference by the end of the year.

North Korea plans to host leading blockchain experts around the world during a two-day conference called the "Korean International Blockchain Conference".

The event will take place in October and the last two days, according to the Singapore exit The Straits Times.

The conference will close with a meeting between North Korean industry leaders and present experts. It has not been said if Kim Jong-Un will be present.

North Korean leader Kim Jong Un gives a field guide to the Sci-Tech Complex, in this unpublished photo published by the North Korean Korean news agency (KCNA) in Pyongyang on October 28, 2015. [19659006] Reuters / KCNA

It is still not clear who will speak at the conference or how the event will work, logistically speaking. Factoring in the notorious travel restrictions of the country, there will undoubtedly be various challenges for international participants.

An informant told The Straits Times that North Korea is eager to showcase its capabilities in the area.

North Korea's capabilities when it comes to blockchain and cryptocurrency are all hypotheses. We are anxious to see how it will end, especially considering the less favorable state of North Korean tourism at this time.

North Korea is aiming to show its progress in the blockchain field, evidence suggests that its citizens may be skilled enough to spread cryptocurrency malware.

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