Ryu Je-myeong, 2nd Vice Minister of the Ministry of Science and ICT "The combination of blockchain and AI will become the driving force of a new innovation ecosystem"

"The combination of blockchain and artificial intelligence (AI) will become the driving force that opens a new innovation ecosystem. The government will actively support these technologies so that they strengthen the trust foundation of the digital society and bring about changes that the public can experience."

Ryu Je-myeong, 2nd Vice Minister of the Ministry of Science and ICT, said this in a congratulatory speech at the '2025 Blockchain Promotion Week X Web 3.0 Conference' held at COEX in Gangnam, Seoul, on the 4th. The event was hosted by the Ministry of Science and ICT and jointly organized by the Korea Internet & Security Agency (KISA) and the Institute for Information and Communications Technology Planning and Evaluation (IITP).

The vice minister identified stablecoins as a central technology of change. He said, "Stablecoins herald a digital payment revolution that transfers value across borders quickly and at low cost." He said, "They shorten fund settlement that used to take days in the existing financial system to real time, and by reducing complex intermediary steps, they maximize payment efficiency," and forecasted, "This will spread beyond simple financial innovation to trade settlement, person-to-person transactions, transactions between artificial intelligence agents, and the real economy as a whole."

He also emphasized the convergence of blockchain and AI as a core technology of the Web 3.0 era. He pointed out that although AI is developing rapidly, ensuring the reliability and transparency of data remains a challenge. Blockchain technology can play an important role in building a trustworthy artificial intelligence ecosystem by providing tamper-proof data histories and transparent access records.

He viewed the combination of AI and blockchain not merely as a technological integration but as leading to the creation of an innovation ecosystem across industries. He mentioned concrete examples such as precision medicine through the secure sharing of medical data and smart contracts in which blockchain automatically executes contracts and settlements for logistics demand predicted by AI, saying, "The combination of the two technologies will accelerate the automation and efficiency of industrial structures."

He also said, "With the era of stablecoins and artificial intelligence, blockchain is once again being recognized as a core technology that reshapes the global digital economy," and added, "The government is reorganizing national strategies to grow digital assets and the blockchain industry and to secure global competitiveness."

He added, "We will actively work to create a sustainable ecosystem so that blockchain and Web 3.0 technologies can contribute to realizing a trust-based digital society," and "The government and the private sector will cooperate to proactively respond to technological changes and create examples where blockchain technology makes the daily lives of citizens more convenient."

The vice minister emphasized, "The Ministry of Science and ICT will support the growth of innovative companies and the sustainable development of industries and will do its best to ensure that the blockchain industry takes firm root."