Logo of Phnom Penh Post newspaper Phnom Penh Post - Laos hosts summit on blockchain technology

Laos hosts summit on blockchain technology

Content image - Phnom Penh Post
Officials pose for a photo at a Laos summit on the future of blockchain technology. vientiane times

Laos hosts summit on blockchain technology

(Vientiane Times/ANN): Government officials from different sectors, business representatives, entrepreneurs and Lao and Chinese experts gathered in Vientiane recently to share experiences and exchange information on blockchain technology.

Participants also debated about trends in blockchain development for future digital business expansion in the region and around the world.

The Global Blockchain Application Conference Laos Summit was held on July 29 by the BST Elephant Chain in Laos, aiming to bring digital technology management investors together to discuss the development and growth of blockchain technology.

During the conference, experts from companies in Laos and China, notably LAEX, WOGC and the BST Group, gave presentations about the integrated digital information system and technology, with the Lao government represented by Deputy Minister of Justice, Bounsavad Boupha.

The blockchain system is the technology integration program of the future, which helps to generate income and benefit via digital currency and contribute to economic expansion through participatory investment, the meeting’s Chair, Mr Xiang Run, said during the opening of the summit.

The event also helped entrepreneurs boost their understanding and have more choice in using digital systems for their business operations in line with international trends, he said.

Laos can benefit greatly from using blockchain technology in business communications and making financial repayments faster, said Mr Xiang Run.

Blockchain technology has already begun to deploy applications around the world.

Different developed countries have realised that there is huge potential for the application of block chain technology in public service and social mechanism optimisation through the blockchain development path.

MOST VIEWED

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by