Camp to explore blockchain potential

Update: 4:54PM BUSINESS and technology combine next Monday when a group of people from the region with an interest in digital currency meet in Suva with the backing of the United States government.

The US Embassy in Suva said it was supporting the first-ever Blockchain TechCamp to provide a space for discussion. 

Held at the University of the South Pacific, which is partnering with the embassy and a company called TraSeable Solutions to host the event, the regional Blockchain TechCamp will be held April 9-10.

Blockchain is a computer software that stores and transfers value or data across the internet. 

Users create online accounts which act as a virtual wallet with which to they make payments using digital currency.

Dmitri Tarakhovsky, the regional public affairs officer at the Suva mission of the USA, said his country was “keenly interested in this technology” following a government-organised forum on Blockchain held in October 2017, which attracted 265 participants.

“The Embassy of the United States supports the Blockchain TechCamp to facilitate the exchange of ideas and knowledge, to provide the opportunity for experts, innovators, and stakeholders – both in business and government – to explore the possibilities blockchain offers,” Mr Tarakhovsky said.

The two-day event will hold a special session to identify Pacific industries, which could use blockchain technology.

“We hope that our TechCamp will bring about a greater awareness of the government, business and civil society of the enormous potential of the blockchain technology and its applications for the future of the Pacific Island nations – specifically in financing, communications, fisheries, but also in education, sports, combatting trafficking-in-persons and many other fields,” the US Embassy spokesperson said.

The Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum, will officially open the event.  

Participants are expected to travel in from the United States, Australia, New Zealand and the Pacific countries the US Embassy in Suva is accredited to.