By Tamara Pia Agavi – EMTV Cadet Journalist, Port Moresby
A two-day blockchain start-up workshop ended on Friday with the launching of a blockchain initiative, Be Well.
The workshop was facilitated by John David of Crypto Tech Consultancy Ventures.
Crypto Tech Ventures are a group of subject experts, trainers, consultants, serial consultants and entrepreneurs who carry out initiatives to empower emerging entrepreneurs.
This was made possible through the emerging technology of Block Chain and Crypto assets.
Blockchain came into the picture when BitCoin was introduced. Bit Coin is a peer to peer technological transactions. You can actually have peer to peer transactions with anyone in the world.
Blockchain is a digital ledger of economic transactions that can be programmed to record financial transactions but virtually everything that is of value; so we are looking at a trend where different nations, different countries, different social trends will start to produce digital currency to replace failed currencies in the next 5 to 10 years.
“Apart from credit, we have gone to credit ( plastic money) to cashless to fully digital by using Crypto Assets.”
David said that Crypto Currencies is a new and effective way of transactions that is of greater transparency and is taking the digital global market by storm.