Taskforce to look into hurdles, benefits of blockchain

A bitcoin outlet in Hong Kong. FILE PHOTO | NMG

The government is on Tuesday set to launch a taskforce consisting of not more than 15 members to look into opportunities available in the blockchain technology, which has been associated with the increasing popularity of digital currencies like bitcoin.

The taskforce, which will be expected to  hand over its study to the ICT ministry on how the government should implement the technology, will also look at the Internet of Things technology.

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