Many nations and institutions like the EU and G20 have already made headway and future plans to shape their economy in the new technology of the blockchain.
Ignoring this new technology in it’s disruptive phase, is rather the willingness to cope in the old sustaining systems of the existing innovations. Blockchain has turned from a ledger to a framework that is useful in multiple scenarios, what was first a simple application built to topple authoritative bodies is now useful to them for identifying entities, keeping track of assets or make cryptocurrency backed assets.
With countries like Switzerland, giving a license to legally support blockchain-based startups. UK using BaaS (blockchain-as-a-service) to track welfare paychecks and student loans. Estonia working on a government based cryptocurrency dubbed the ‘ESTCoin’.
But little to no story has come out from the South east asia, with the exception of Singapore and Dubai that are transforming governments on the blockchain. A reason to better explain is that the is still illiteracy regarding the blockchain due to it being new and the highlight of it’s anonymity which raises a lot of questions by the mainstream media.
If the Blockchain were to be implemented, the lack of efficiency will be eliminated for sure as well as a flawless ledger to keep data other than transactions in which nothing would be recorded could be an ideal scenario for state banks.
Blockchain based projects mostly consists of cryptocurrencies which are very volatile and restriction-less which has raised a lot of problems for lawmakers and authorities alike.
DDK has made a coin centered around the community that is targeting the south east asian countries to make them aware about the blockchain. And is currently expanding within these territories with hopes to build a bigger blockchain community.