Blockchain gaining ground in Southeast Asia

Published onDecember 19, 2018

20 years ago, no one could have accurately predicted the huge impact that inventions like the smartphone and the World Wide Web would have on humankind. As technology advances at a breakneck pace, the same could be said about blockchain technology. It’s a common misconception to conflate blockchain with cryptocurrencies like Bitcoin, Ethereum and Litecoin. While the technology gained prominence because it served as the basis of today’s cryptocurrencies, the technology itself has a myriad of uses outside that function. Blockchain has been touted to revolutionise global supply chains, 21st century industries and even governance. Its versatility and decentralised nature have gained significant currency in Southeast Asia and many governments within the region have warmed up to the prospect of promoting the integration of this technology into businesses and the public sector.