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Bae Kyung-hoon, South Korea’s deputy prime minister for science and ICT minister, stressed the importance of a token economy in the AI era and the need to introduce blockchain, Edaily reported.
Speaking during a comprehensive parliamentary audit by the Ministry of Science and ICT on Oct. 23, Bae said an AI-based society should ensure no citizen faces discrimination or excessive concentration of wealth, while promoting economic and social balance through AI. In that context, Bae said the token economy would be important. Bae added that the token economy concept needs to incorporate blockchain and said the government is designing AI for everyone with all such possibilities left open.