The World Economic Forum’s (WEF) report of “Deep Shift #Technology Tipping Points and Societal Impact 2015” first predicted that by 2025, #blockchain and #DLT would store 10% of global GDP as well as allow governments to start collecting tax via blockchain.
That explains why President and CEO of #MiGHT, Datuk Dr Mohd Yusoff Sulaiman made that newspaper headline of “Malaysia Sasar 2025 Guna Blockchain” (Malaysia to adopt blockchain by 2025) back in year 2017.
I am thankful that I was being introduced to this “Malaysia Blockchain & Distributed Ledger (DLT) Outlook 2019” earlier today, and found that it is indeed a very comprehensive and good publication by MiGHT.
The article on page 25 titled “Cultural Capital – Why Malaysia is Uniquely Suited to an Open-Source Blockchain World” stated well that “Malaysians possess rich stores of cultural capital to navigate the Anglophone world, which remains the foundation of open-source projects.”
Again, quoted from the book:
To fulfil blockchain’s potential will require an environment that allows innovation and experimentation, while also negating the risks of misuse. The Government therefore will have a significant role in creating a policy framework that will address the challenges presented by the deployment and adoption of blockchain.
MiGHT
Since its inception in 1993, Malaysian Industry-Government Group for High Technology (MIGHT), an Agency under the Prime Minister’s Department has long promoted the use of technology as means to strengthen the nation’s competitive advantage. They are always on the lookout for technology development, conducting the necessary horizon scanning and foresight activities. It is hardly surprising then that blockchain, one of the most significant technology hypes to appear in a long time, would capture MiGHT’s interest and attention.
If you want to know more about Blockchain in Government from the Malaysian perspective, uou can download the full report in PDF format here:
https://www.might.org.my/download/malaysia-blockchain-distributed-ledger-dlt-outlook-2019/?fbclid=IwAR1LioGSoWgdbFAyoBxM3m4-BD9OHdJTnvSe0NHMDcHZrJuhGrXv45arQUA