TechCamp to improve understanding of digital currency

DIGITAL currencies have been a controversial topic of discussion as people debate over the future of money and its transparent recording mechanism; blockchain technology has become a buzz word worldwide.

In the Pacific, blockchain technology has become very useful in the environment sector after its use by the tuna fishing industry prove it effectiveness reducing illegal and unregulated fishing.

To shed light on the complexities and encourage more discussion, the Fiji blockchain community has partnered with the US Embassy to conduct the first ever local workshop on the topic.

Using the US Embassy’s TechCamp concept, a local tech company TraSeable Solutions and the University of South Pacific will run a Blockchain TechCamp at Laucala Bay from April 9-10.

“The workshop will focus on current and possible future applications of blockchain technology with experts and participants from the United States, Pacific Island countries, Australia, and New Zealand,” a statement from the US Embassy said.

Kenneth Katafono, chief executive officer of TraSeable Solutions is part of the team facilitating at Monday’s TechCamp which will take place at the USP.

He believes blockchain technology can be useful to many sectors.

“The most important goal for the TechCamp is to bring about awareness of what blockchain technology (aka distributed ledger technology) is and how it can be applied in many different sectors especially here in the Pacific,” Mr Katafono said.

“We’re doing this through very broad presentations cutting across different use cases and sectors.

“I think it’s useful to have some understanding of cryptocurrencies in general so that you can make good decisions if you’re interested in investing in it given all the hype recently. It’s also important to understand how cryptocurrencies can be the preferred mode of payments in the future and how that can impact doing business.”

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