Taiwan Today
Date: July 03, 2018

Promoting blockchain development is a core component of the government’s digital

NDC Minister Chen Mei-ling is bullish on opportunities stemming from new technologies like blockchain. (Courtesy of NDC)

transformation strategy aiming to position Taiwan to capitalize on opportunities stemming from new technologies, according to National Development Council Minister Chen Mei-ling July 2.

Blockchain will greatly reshape business models and the way people live and work, Chen said. Despite immense promise as a generator of revenue and profit, blockchain also poses considerable challenges for the existing socioeconomic structure and regulatory framework, she added.

Chen made the remarks during her opening address at 2018 Asia Blockchain Summit in Taipei City. Organized by locally headquartered nongovernmental organization Asia Blockchain Alliance, the two-day event brings together officials and industry experts from more than 30 countries and territories for talks on the current status, future possibilities and impact of blockchain and cryptocurrencies.    [FULL  STORY]