Blockchain technology is being used in various government services to build a transparent administration system. Emphasis is also being placed on the empowerment of marginalized people by eliminating middlemen in supply management.
In order to ensure the accuracy and transparency of the data, it is being used in various fields besides birth-death certificate, marriage registration, driving license, business registration and identity identification management of the citizens.
Using database hashtags, it has now become possible to provide some of its services economically and quickly through separate blog chains.
State Minister for ICT Junaid Ahmed Palak made the remarks while addressing the Blockchain Economy Summit on Tuesday on the potential impact of blockchain in Bangladesh.
He said, “We have already set up a Center of Excellence with relevant experts under the Bangladesh Computer Council. IBM has already here joined here as the first partner. Together with them, 5 innovative ideas have been developed using blockchain and artificial intelligence.”
Under the implementation of those ideas, at least 200 developers from 9 IT companies in the country have already been trained in this regard. The state minister also said that the training institutes have started working in Bangladesh, Japan, Malaysia, UK and US markets.
Palak said that in addition to providing citizen services, a number of initiatives, including the BCC’s distributed laser system, are working to ensure the protection of sensitive government information. By storing that information in DLS through protection from hacking, leaking and theft, now that information can be easily detected from any system. At the same time, transparency of information is being ensured. Meanwhile, the ICT department has welcomed the OIR (Organizational Information Requirement) challenge.
“We will solve our local problems with our Home Grown solution,” he added.
Private Investment Adviser Salman Fazlur Rahman was the chief guest at the event hosted by Imran Farhad, Founder of Inspiring Bangladesh.
In his speech, he emphasized the need to use all sectors of the bitcoin economy, not just cryptocurrency, to free them from middlemen or brokers. The Prime Minister’s Private Investment Adviser also warned about the challenges of Bitcoin and other digital currencies in different countries and its challenges and obstacles in its use in the country.
Though it may not create a place of trust in digital transactions, it is a sustainable technology in asset management, he said.
The Ambassador of Japan to Bangladesh Nao Kito, Chairman of Bangladesh Securities and Exchange Commission Prof. Shibli Rubayet, Executive Director of Bida Sirajul Islam Khan, Director of Bangabandhu Satellite Company Ltd. And Md. Rafi Hossain, advisor to the Prime Minister of the United Arab Emirates were connected in the program.
