[Blockmedia Dongnyeok Choi] Ripple proposes ‘Blockchain report for Korea’, which offers nothing but cliché. The report doesn’t have any valuable insight and cited statistics are trustless.
Ripple said that it has suggested a policy proposal report in cooperation with GBC Korea, a domestic blockchain-based M&A platform developer, and Oxford Metrica, a British investment advisor.
The report dealt with an asset classification system to reduce regulatory uncertainty and establish the legal nature of digital assets, but it was too short to suggest proper policy.
The report presented a survey about payment systems using Ripple(XRP) and blockchain. Reliability of statistics is also questioned. It does not reveal who the survey respondents are and how many respondents responded.
100% of the respondents answered they are interested in adopting and operating blockchain technology as the future mainstream, but the report doesn’t have any information about what and how.
In the report, only two answers were presented: interest in the payment sector (80%) and capital market sector (20%). Although there are many applications that can be thought of, such as ‘customer protection and development of new products’, it seems that the survey itself was not conducted properly.
When asked about cryptocurrency for future projects, 20% of respondents said they would choose Ripple. The remaining 80% said they would use non-specific digital assets, excluding Bitcoin and Ethereum. It seems to have induced dichotomy responses by excluding Bitcoin and Ethereum.
In the report, Kwon Oh-kyu, current chairman of Hyundai Motor’s foundation, and former Deputy Prime Minister and Minister of Finance and Economy left congratulatory remarks.
