Ethereum co-founder Hoskinson looking at South Korea for blockchain and AI partnership
Charles Hoskinson, the co-founder of the ethereum platform and CEO of Input Output, recently sat down for an interview stating that he sees South Korea as a center for the fusion of blockchain and artificial intelligence technologies. According to him, this combination could bring significant benefits to various sectors. During his visit to Seoul, Hoskinson explored opportunities for collaboration with tech leaders and other industry stakeholders. He commended the South Korean government’s allocation of a substantial fund for AI investments, showing a keen interest in contributing to the country’s technological advancements.
In the interview, Hoskinson highlighted the potential for blockchain to revolutionize industries in South Korea, particularly in sectors such as manufacturing, supply chain, and electronics. He mentioned that blockchain could address the challenges posed by geopolitical tensions between China and the US by providing transparency in supply chain management. An example he cited was Samsung, leading the way by integrating blockchain technology into its Galaxy phones to enhance security and functionality.
Regarding the crypto market in Korea, Hoskinson expressed optimism, stating that the market is efficient to navigate, with several dominant companies controlling the majority share. He recognized the country’s growth in blockchain adoption and evolving regulations that provide clarity and protection for consumers. Despite the existing dynamics in the Asian market, he emphasized the progress made in regulatory frameworks in countries like Korea and the United States.
Hoskinson lauded the recent regulatory advancements in South Korea, particularly the enactment of the Virtual Asset User Protection Act and the Digital Asset Basic Act. He believes that these regulations can enhance user protection and clarify the operational requirements for stablecoin issuers and other digital asset businesses. According to him, these regulatory developments indicate a positive shift in the approach to blockchain and digital assets globally.
Discussing his vision for blockchain, Hoskinson emphasized the core principles of faster and safer transactions, less fraud, and increased accessibility for entrepreneurs. He revealed that his latest project, Midnight, aims to facilitate blockchain consumption by allowing partners to lease services without holding tokens. This approach, he believes, will encourage experimentation with blockchain solutions in privacy, identity, and compliance.
In terms of the intersection between blockchain and other technologies, Hoskinson highlighted the potential for blockchain to converge with AI, healthcare, and government tech to drive tangible outcomes. He explained that blockchain can play a crucial role in data protection, clinical trials security, and patient care in the healthcare sector. Hoskinson sees stablecoins, healthcare, and GovTech as significant opportunities for blockchain innovation.
Regarding accountability in the crypto industry, Hoskinson emphasized the importance of decentralized protocols and compliance standards instead of centralizing the industry for accountability. He believes that partnerships, trust, and cooperation are essential for driving innovation and real solutions in the blockchain space. Ultimately, he envisions blockchain as an invisible layer of trust that underpins economic, political, and social systems.
