The advent of the blockchain technology has led to a gradual transition in major sectors in world's economy. With its countless solutions to real world problems, the government of North Korea has encouraged the private sectors to leverage this amazing technology as it's still new and full of potentials.

The  North Korean government has planned to include blockchain-based startups in its next year's budget as the popular saying goes, "its easier said than done". 

In a report published on fnnews.com, Koo Yun-cheol who is the 2nd Vice Minister of Strategy and Finance, hosted a meeting with stakeholders in the cryptocurrency and blockchain space to discuss how best they can push the agenda. 

The conference was focused on assessing the current state of the industry, the blockchain technology as a whole and to solicit for ideas to help the government contribute positively in developing the industry:

Mr Koo, made comments on how the blockchain industry is expected to growth in the coming years and how other EU nations are benefiting. 

The size of the blockchain-related industry is expected to grow by more than 80% per year on average, and is competitively supporting foreign countries to preoccupy the market that is attracting attention as a promising technology in the future.

He added:

"The government should play a more active role in creating the initial market," 

He also threw more light on the existing marginal gab between developed and developing countries and deemed it as a golden opportunity :

"The technological gap with developed countries such as the United States and Europe is not large for 2.3 years, so it is now a golden time for pursuit."

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