VIENTIANE (Viet Nam News/ANN) – Laos will become the third country in the world after Estonia and Dubai apply Blockchain technology for government use over the next few years.
The application of blockchain, specifically digital identity, will bring huge benefits to the Lao government and citizens, said Boviengkham Vongdara, minister of science and technology.
He made this statement at the Lao Blockchain Forum 2018 held in Vientiane on Tuesday. According to him, the adoption of Blockchain Technology will allow the Lao citizens access to various public services.
As the technology can be utilized in many sectors, including agriculture, finance, banking, and healthcare, it can help enhance the transparency and efficiency of State management, Boviengkham said.
A Memorandum of Understanding (MoU) was signed on the same day between LINA NETWORK, a Vietnamese company, and the Ministry of Science and Technology of Laos for the deployment of digital identity using Blockchain.
Under the MoU, the company will provide solutions to develop Blockchain Application for the Lao government based on Blockchain Technology, Internet of Things, Big Data and Artificial Intelligence.
The LINA NETWORK will provide US$500,000 in financial support to the ministry to establish a Blockchain Research and Development Centre in five years for developing human resources and research as well as to develop Blockchain Technology, Big Data, and Intelligence Technology to serve the government’s applications.
“After studying the technology platform and solutions from LINA NETWORK, we thought of the need to set up a new model with breakthroughs in data management.”
“The Blockchain research institute will gather and train high-quality human resources for the establishment of other applications aimed at enhancing the development of science and technology in our country,” Boviengkham said.
Vu Truong Ca, chairman of LINA NETWORK, said to maximize the opportunities brought about by the Fourth Industrial Revolution as well as to strengthen the efficiency and transparency of State management, the application of information technology and e-governance was a must.
Currently, most e-governance systems are “citizen-centric,” where people only need a single sign-on a single window. They can interact and use services of the government all the time, Ca said, adding that the process will help increase transparency, reduce costs and promote socio-economic growth.
“With Blockchain Technology, data is digitalized quickly and ensures security. We can share information without the intervention of a third party. All the information shared by users after being identified with Blockchain is considered the public record on the digital platform,” he added.
On the prospect of application of Blockchain Technology in Laos in the future, Ca said the country was facing many challenges, including the shortage of hi-tech human resources, low awareness of the common citizen and lack of legal corridor for cryptocurrency.
Boviengkham acknowledged that human resource was the main problem for the country in the application of new technology. He said the MoU would help the country to focus on preparing human resources and complete necessary legal documents to meet the new requirement.
Ca said he believed that with a population of some seven million people, it was easy for Laos to deploy digital identity.
Prior to Laos, Estonia and Dubai had also adopted Blockchain Technology for government use and gained some success in the field of State management. The two countries have populations of 1.3 million and five million, respectively.
LINA NETWORK Corporation has its headquarters in Zurich, Switzerland, named Smart Links Group. It specializes in helping companies apply Blockchain Technology in practice, such as building a supply chain management system in agriculture or applying the same in healthcare services and the insurance sector.
The corporation is a global company, with international teams in countries such as Switzerland, the United States, Germany, Australia, New Zealand, Israel, Thailand, and Vietnam.