Chairman of Korean Gaming Giant Predicts Use of Blockchain in 'All Industries' in Future

The chairman of Netmarble, one of the largest South Korean gaming companies, believes that blockchain technology will soon be applied across all industries, local news outlet EDaily reports June 20.Netmarble reported revenue of 1.5 trillion won in 2016, with a market cap of 12.86 trillion won today.

"Blockchain with objectivity, reliability and security will be applied to all industries in the future,".

"The Internet was not a bubble. The Internet has made all industries convenient [Blockchain].is not a bubble because there are people who have invested in bitcoin. It is a bubble for those who do not know, but an opportunity for those who know."

"It seems that this time comes once every ten years now we are expecting blockchain."

South Korea's central bank has begun exploring the idea of using blockchain in order to achieve their aim of a cashless society by 2020.

The South Korean government announced a new positive direction for their cryptocurrency and blockchain legislation at the end of May, when they announced a plan to make initial coin offerings legal again.