In recent years, there has been an increasing demand and interest for digital assets in Southeast Asia.“In the past, investors still understood that digital assets were digital currencies well known as Cryptocurrency,” stated the Siam Commercial Bank (SCB).
Analysts and pundits didn’t foresee COVID-19 coming in 2020 and that the virus would accelerate the digitalisation trend – a seismic or tectonic shift in its own right – resulting from the fragmentation of physical processes and the emphases on a low-touch economy as part of compliance to the standard operating procedures (SOP) to break and contain the transmission of the virus. Not all digitalisation trends are precipitated (in the sense of having their momentum accelerated) by the
In a move aimed at strengthening the relationship between Japan and ASEAN and promoting the digitalization of trade procedures, the Japanese government and a consortium of 20 of the country’s largest companies have announced the introduction of a digital platform to manage and integrate trade transaction information.
The COVID-19 pandemic which is expected to be prolonged and drawn out at least until a vaccine is readily available, has rekindled the call for ASEAN, a market of nearly 700 million people and growing middle class, to further forge and foster regional integration. At the same time, the COVID-19 pandemic has also been a catalyst and impetus in exposing the critical need for business and commerce to further digitalise and explore usage of new technologies. The one geo-economic
Blockchain is an online distributed ledger which allows parties to conduct secure (encrypted) transactions on a decentralised platform where time-stamping ensures that every data is easily traceable. It functions on peer-to-peer networking where there is minimal third-party interference.Blockchain is not a concept, but a technical application to log data in a way that it cannot be changed or erased de-centrally.
While Cambodia might be pulling out all the stops to develop its smart cities, the lack of an integrated master plan is hampering these efforts.The ASEAN Smart Cities Framework defines a smart city as one that harnesses technological, digital solutions and innovative, non-technological means to address urban challenges – continuously improving people’s lives and creating new opportunities.Envisioned in April 2018 as a platform to support the creation of technologically advanced urban areas&am
Last month on 1 April, the Quadrans Foundation, established in 2018 and based in Mendrisio, Switzerland, announced the official public launch of its blockchain platform. The Quadrans Foundation revealed that this new platform will be made available to Southeast Asia and the rest of the world.Then, in just less than a month after the launch, Quadrans’ blockchain platform managed to garner as many as 168 active nodes.
When blockchain and cryptocurrency first made headlines, many saw them as disruptors to the current financial order. This is because transactions that involve cryptocurrencies remove the need for an intermediary – a role banks and other financial institutions have traditionally filled.Unlike banks and the current financial system, cryptocurrencies are backed by a system called blockchain. Blockchain is essentially a decentralised ledger, where every transaction is recorded.
The Quadrans Foundation, established in 2018 and based in Mendrisio, Switzerland, has announced the official public launch of its blockchain platform. The platform will be made available to Southeast Asia and the rest of the world as of 1 April, 2019. The Quadrans platform is an open source, public and decentralised blockchain, making it possible to perform Smart Contract operations.
From paleo diets to veganism, the relationship that human beings have with food is multifaceted and cuts across different social underpinnings and economic considerations.
20 years ago, no one could have accurately predicted the huge impact that inventions like the smartphone and the World Wide Web would have on humankind. As technology advances at a breakneck pace, the same could be said about blockchain technology.It’s a common misconception to conflate blockchain with cryptocurrencies like Bitcoin, Ethereum and Litecoin.
Project Ubin named after an island located northeast of the Singapore mainland is a multi-phased initiative by the Monetary Authority of Singapore (MAS) to explore the usage of Distributed Ledger Technology (DLT) commonly known as blockchain technology for the clearing and settlement of payments and securities.The latest phase of the project saw an announcement by MAS and the Singapore Exchange (SGX) last August for a collaboration to develop Delivery versus Payment (DvP) capabilities for the
