The Kingdom has taken massive steps in introducing blockchain systems into its economy since the National Bank of Cambodia (NBC) set up a commission to look into distributed ledger technologies (DLTs) in the latter half of 2016. Project Bakong is permissioned, based on the Hyperledger Iroha, a business-oriented DLT platform.
A year later, the commission drafted a solution in different sectors of the economy that a quasi-digital currency may be useful under the auspice of “Project Bakong.”
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