Blockchain technology can help transparency in Southeast Asia

Imagine that you can take the screen to scan the fish at a supermarket and immediately you will see the note About the wholesale supply chain of those fish.

From techniques used by fishermen who caught these fish in Indonesia until the fish were shipped out And how to do that in a factory in your own country (that is, all of this is in your smartphone).

The above-mentioned technology testing project is an overview of the potential of Blockchain technology to enhance transparency in various sectors. Which is ineffective or concealed in Southeast Asia.

Blockchain technology, the first technology developed to exchange and validate Bitcoin's digital currency, is basically an accounting list with a form A computerized system can not be modified.

The interconnected bundle of links in the computer allows for the control of a list of computers by individual users. Blockchain technology can be used to specify accounting records in any format that exceeds the digital currency.

Alisa Dicaprio, research director at R3, a software provider operating in finance for corporations using the technology of distributing public accounting lists The computer said:

"This technology eliminates the need for central authority in this context as a government," he said.

In areas where key records such as identification and ownership documents are externally overseeed or unchecked by the outside parties Blockchain offers many benefits.

Erin Murphy is the founder and director of Inle Advisory Group, a business consulting firm focusing on Myanmar and the emerging market. Said major Asian businesses are examining Blockchain technology to clear fraud and facilitate transactions.

She wrote in an e-mail:

"The best thing is that we want to use Blockchain technology in the region. But perhaps not surprisingly, the government is leading the use of Blockchain technology, much of it being a little corrupt government. Already. "

One of them, the Singaporean government, is working with major banks on Blockchain Technology, Designate and improve service to users.
Blockchain technology can help transparency in Southeast Asia Blockchain technology can help transparency in Southeast Asia Reviewed by Unknown on May 24, 2018 Rating: 5

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