<p>Incheon Metropolitan City <a href="https://newsis.com/view/?id&#61;NISX20230911_0002444779&amp;cID&#61;10802&amp;pID&#61;14000" rel="noopener noreferrer nofollow">announced</a> Monday that it has established the Incheon Blockchain Hub Center at the heart of the city in an effort to establish itself as a blockchain hub in Korea and usher in the era of Web3.</p><p>The center, located in the Jemulpo Smart Town building, will house various facilities, including offices for the Incheon Technopark Blockchain Center, blockchain companies, and startups, as well as spaces for technological development and relaxation.</p><h2 id="header-0">Fostering innovation and cooperation</h2><p>The center aims to undertake systematic and diverse projects that citizens and businesses alike can benefit from. This includes supporting tenants of the hub center, providing an environment for technology development and demonstration, and funding blockchain technology development. It will also serve as a spot for Incheon Technopark’s <a href="https://medium.com/&#64;coinness.gl/incheon-empowers-korean-blockchain-startups-with-binance-and-undefined-labs-as-accelerator-42f02ad9059b" rel="noopener noreferrer nofollow">blockchain acceleration program</a>, business model exploration and design, and events such as blockchain hackathons and conferences.</p><p>The city is also set to hold an opening ceremony for the center on Wednesday, during which over 20 organizations and firms will gather for the inauguration of a committee dedicated to promoting mutually beneficial relationships between blockchain-based service providers and consumers. Among the consumers are central and municipal governments and state-run agencies. Initiating connections and making business support processes more efficient will constitute the committee’s core tasks, the city said.</p><h2 id="header-1">Incheon’s vision for Web3</h2><p>“The world is evolving to accommodate Web3, the new blockchain-based Internet, amid the global trend of digital transformation,” said Lee Nam-joo, Director of Incheon’s Future Industry Bureau. In accordance with this transformation, he said, the city of Incheon would push on to become a leading blockchain hub with a globally competitive edge by continually implementing various projects and policies through the committee — including joint projects between the public and private sectors — to provide support for business and technological development.</p><p>In more efforts to build an active blockchain industry, Incheon is also currently operating a blockchain education program and regularly hosts events and hackathons to promote the widespread use of Web3 technology. Notably, a two-day conference dubbed “Global Blockchain Incheon Conference” is scheduled to take place from October 30 to 31 in the city’s southern district Songdo.</p>

Incheon Launches Blockchain Hub Center to Lead Web3 Era

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