Gensyn CEO Spotlights Korea’s Decentralization and AI Leadership at Digital Asset Forum

Ben Fielding, CEO of Gensyn, a decentralized artificial intelligence (AI) computing network, recently shared his insights on South Korea's pivotal role in decentralization and AI innovation at the Digital Asset Leadership Forum held at the National Assembly. On Oct. 24, Gensyn announced Fielding's participation in the event, underscoring the critical intersection of technology, regulation, and market development.

“The driving mission of Gensyn is to decentralize computing resources, which form the backbone of AI progress,” stated Fielding. “Conferences like this are vital for aligning our efforts with the regulatory frameworks, infrastructure advancements, and key stakeholders shaping the future of technology-driven industries.”

South Korea’s Digital Asset Forum: A Hub for Regulation and Growth

The high-level forum, spearheaded by Kim Byung-ki, Floor Leader of the Democratic Party of Korea, was held on Sept. 26 in the National Assembly Hall in Yeouido, Seoul. The event gathered prominent figures from domestic and international financial institutions, digital asset enterprises, and government bodies like Choo Mi-ae, Chair of the Judiciary Committee, and Choi Min-hee, Chair of the Science, ICT, Broadcasting, and Communications Committee.

Core discussions revolved around stablecoins, regulatory frameworks, and the broader evolution of South Korea's burgeoning digital asset market. These discussions reflect the nation’s proactive approach to balancing innovation with governance.

Fielding emphasized the major opportunities within the Korean market, describing South Korea as a global contender for decentralization-led growth. “Korea stands apart with its exceptional talent pool and dynamic momentum, positioning itself as a prospective global hub for decentralized innovation,” Fielding remarked.

This aligns with South Korea’s increasing focus on developing technologies like decentralized physical infrastructure networks (DePINs), which are seen as foundation blocks for next-generation industries. Fielding’s comments suggest that Gensyn views South Korea’s advanced tech ecosystem and supportive policy structure as strategic pillars for enhancing global decentralization initiatives.

Connecting with Korea’s Digital Community

Gensyn’s engagement extended beyond the forum, signifying a deeper commitment to fostering collaboration with South Korea's technologically forward communities. On its X (formerly Twitter) account, Gensyn affirmed its enthusiasm for contributing to Korea's digital asset evolution, stating, “We were honored to participate in building Korea’s digital asset future.”

Additionally, Gensyn highlighted opportunities for community-driven interaction through its Telegram channel, encouraging individuals interested in Korea's growing influence in decentralization to become part of its network. This illustrates the company's approach to incorporating local perspectives into its global strategy.

Decentralizing AI Infrastructure: Gensyn’s Core Vision

Gensyn operates as a frontier in decentralized infrastructure, addressing the cumbersome dependency on centralized AI computing resources managed by global tech giants like Amazon Web Services (AWS) and Google Cloud. By spreading computing tasks across underutilized GPUs worldwide, Gensyn’s decentralized AI network provides affordable and scalable solutions for AI model training.

A cornerstone of Gensyn’s innovation lies in its cryptographic verification process, ensuring accuracy, efficiency, and security in computational tasks executed within its network. These efforts aim to democratize AI development by making cutting-edge infrastructure accessible to individuals and organizations around the globe.

In 2023, Gensyn gained notable attention when it secured $43 million during its Series A funding round, led by Andreessen Horowitz (a16z). This investment bolstered Gensyn’s ability to challenge traditional infrastructure monopolies with decentralized alternatives that simultaneously reduce costs and expand access to AI development tools.

Conclusion: Korea’s Role in Decentralization and AI

The Digital Asset Leadership Forum reinforced South Korea’s position as a beacon for technological advancement and decentralization. Through events like these, industry leaders such as Gensyn are forging pathways between innovation and regulation, tapping into South Korea’s immense technological talents and infrastructure.

Gensyn’s active involvement in Korea reflects the company’s strategic vision for the global decentralization movement. By collaborating with local communities, promoting inclusive access to computing resources, and leveraging groundbreaking cryptographic systems, Gensyn exemplifies how decentralization can transform AI and digital asset industries. Looking forward, South Korea remains poised to be a vital player in shaping these emerging technologies, driving both domestic and international growth.