Govt. actively pursuing blockchain technology to aid electronic currencies

The State Minister of Digital Technology and Company Improvement Namal Rajapaksa shipped the keynote tackle on the theme “Digital Inclusion and Transformation in South Asia” at a digital event that took location now (Aug. 27).

The event, organized jointly by the Observer Investigate Basis (ORF) of India, Colombo Initiative in Sri Lanka and the Sappani Basis in Canada, aimed to encourage engagements concerning Sri Lanka, India and other nations in the area, which also aligns with Minister Rajapaksa’s eyesight to elevate Sri Lanka as a worldwide hub for digital technological innovation and commerce.

The celebration highlighted outstanding digital field leaders from India and Sri Lanka, who unanimously agreed on the will need to develop a actually “inclusive” electronic development in the South Asian area.

In the course of the keynote tackle, Minister Rajapaksa declared that the Sri Lankan Federal government is actively pursuing blockchain technology, which would facilitate electronic currencies and a larger digital overall economy in the long run. This initiative falls in line with the vision of the federal government to develop a technological know-how-primarily based society: “Smart Nation.”

Minister Rajapaksa also invited companies to begin investing far more in electronic platforms and on the internet buying and selling, assuring a simplified procedures for e-corporations in the long term. 

“We are looking at attracting a lot more investment in the e-commerce room,” he claimed.

Commenting about the sizeable enterprise options in the e-sports activities market, Minister Rajapaksa stated, “We are also on the lookout at marketing e-athletics and gaming, with so quite a few proficient youth and an by now lively local community of gamers and builders a like, we see a lot of promise in this, particularly for the more youthful generations. Globally e-sports activities stays a $100 billion greenback industry with infinite possible.” 

The Minister encouraged Sri Lankan youth to explore these avenues to produce a livelihood for by themselves, whilst contributing to create new industries.

He also urged the youth who are stuck indoors in the course of the pandemic to capitalize on the electronic area, not only to express their creative imagination but also to monetize it and therefore lead in the direction of the article-pandemic financial restoration.

Further, Minister Rajapaksa highlighted that governments, civil modern society and the private sector will have to function collectively to make sure that electronic technologies benefit not only the economy but also society and the setting and have inclusion at their heart.

It was also pointed out that the aforesaid collaboration among numerous stakeholders will pave the way to understand the genuine transformative opportunity of digital technologies in accelerating the progress of the United Nations Sustainable Development Targets.