Developers pan FISC blockchain platform project

Taipei Times
Date: May 25, 2017
By: Ted Chen / Staff reporter

Blockchain developers have voiced concerns about the government’s intention to develop distributed ledger technology, due to its past opposition and dominant hold on existing infrastructure.

Financial Information Service Co (FISC, 財金公司), which oversees the nation’s banking payment and settlement systems controlled by the central bank, has announced that its new blockchain platform would go online in July.

FISC said that its blockchain platform would prioritize the facilitation of charitable donations; improve customer data verification, lending and fundraising; and enable consumers to accrue credit card reward points across different issuing banks.

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