Blockchain Conference in North Korea

Conference in North Korea

An International Blockchain Conference is going to be held in October this year in North Korea. The country does not have a sound reputation in the crypto world. In addition, the communist country in the crypto world is repeatedly identified as the author of hacking attacks.

As reported by the South Korean news portal Yonhap on 25th August, an international blockchain conference will be held in North Korea on October 1st and 2nd, 2018. The news site refers to a radio report of the US-based radio station Radio Free Asia (RFA). An anonymous security expert had provided insights into the North Korean plans.

A Country Wants to Show What It Can Do

North Korea wants to bring together experts from the fields of cryptocurrencies and blockchain from all over the world with representatives of North Korean companies. The international blockchain conference in Pyongyang is planned for this purpose. Above all, the government wants to show that the northern state on the Korean peninsula also has something to offer in terms of cryptography and masters the necessary skills for crypto adaptation. At the same time, the participants of the conference should meet with representatives of North Korean state institutions. Accordingly, October 3rd  has already been reserved for this gathering and made it a condition for participation in the conference.

So far, North Korea has been rather negative in relation to cryptocurrencies. Only recently, evidence was found that the hacker group Lazarus could be of North Korean origin. In May this year, the South Korean stock market continued crypto Bithumb neighbors to the blacklist. So North Korea is now already as a “high-risk country” in terms of crypto-hacking. In fact, some of the past hacking attacks have left their mark on North Korea, which is largely isolated from the outside world.

North Korea now seems to want to counteract this reputation with the planned conference.


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