Laos looks into blockchain, digital assets to boost digital economy
VIENTIANE: Laos is conducting a feasibility study on developing Lao national blockchain and digital assets to support the national digital economy vision, generate new government revenue, and cultivate expertise in connected data technology and digital assets.
According to a report of the Ministry of Technology and Communications on Tuesday (May 13), the ministry and its partner will jointly assess the feasibility of developing national blockchain infrastructure to support digital transformation across sectors, including a digital identity system, digital asset verification, and the establishment of a blockchain research and development center.
The study will also focus on creating blockchain technology legislation, strategies, and policies, while strengthening human resources in the blockchain field.
The Lao government continues its efforts to integrate technology into public administration and services, backed by a national digital transformation strategy focused on digital government, economy, and society, as the private sector increasingly shifts online. - Xinhua
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