60% of Firms in Blockchain Sandbox City Don’t Know What Blockchain Is

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Just a year ago, Busan, the second biggest city in South Korea, was celebrating after it was granted the nation’s first blockchain regulatory sandbox status – with grand plans afoot for implementing tokenized business plans and crypto-powered innovation throughout the city. But a new survey has found that, 12 months on, six out of every 10 companies in Busan are still nonplussed about blockchain.

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