{"id":128207,"date":"2021-06-09T12:30:08","date_gmt":"2021-06-09T12:30:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128207"},"modified":"2021-06-09T12:30:08","modified_gmt":"2021-06-09T12:30:08","slug":"tuvalu-bsv-national-digital-ledger-prototypes-coming-in-the-next-year-says-project-team","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tuvalu-bsv-national-digital-ledger-prototypes-coming-in-the-next-year-says-project-team\/","title":{"rendered":"Tuvalu BSV National Digital Ledger prototypes coming in the next year, says project team"},"content":{"rendered":"
A national citizenship registry and a potential digital cash solution will be the first two prototypes for the Tuvalu National Digital Ledger project in 2021-22, running on the BSV blockchain. Those involved also noted the importance of their consultation process with the national government and locals in determining exactly what the country needs.<\/p>\n
The projects “Blockchain in Tuvalu” (BIT) team spoke on a panel at the CoinGeek Zurich conference today to give specific updates and details on the project, which has gained a lot of attention over the past year from both supporters and skeptics alike.<\/p>\n
Panelists included Simon Kofe, Tuvalu’s Minister for Justice, Communications and Foreign Affairs, George Siosi Samuels of Fai\u0101 Corporation, Brendan Lee from Elas Digital, and nChain Director of Commercial and Strategy Simit Naik. Questions came from moderator Jimmy Nguyen, Founding President of the Bitcoin Association.<\/p>\n
What can we expect, and when?<\/strong><\/p>\n Questions about the Tuvalu project have mostly revolved around what the BIT team can and will actually deliver, on what timeframe, and how they’ve gone about determining what’s appropriate for the country’s situation.<\/p>\n Tuvalu has a small population of just 11,600, spread out over eight islands in the South Pacific Ocean. It uses the Australian dollar (AUD) as its official currency but has no digital banking or credit card services.<\/p>\n What is clear is that the project definitely has support from both the Tuvalu government and the local community, thanks to the BIT team’s extensive consultation process. Both Naik and Lee highlighted this as a key point, saying it was important for the project not to be simply a group of technology experts with a Western mindset developing a system according to their assumptions, and imposing it on a population.<\/p>\n