Tuvalu's government aims to become the world's first paperless society, using blockchain technology to create a national digital ledger.
This would mean all of Tuvalu's data - be it legislative, executive, judicial or financial - would be stored online using Bitcoin Satoshi Vision's (BSV) public ledger.
It also wants to turn its cash economy into one using some form of digital currency.
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On the financial side, Kofe said Tuvalu was funding this "discovery phase" itself but he said it would consider other options once the cost of the project was fully determined.
One possibility that had been proposed was leveraging funding through the renewal of the rights to Tuvalu's lucrative internet domain name ".tv" which was extremely popular among internet streaming sites like Twitch.
The rights for its distribution, currently held by American company Verisign, expired this year.
(
dot TV price up?)
read more (rnz.co.nz)
This would mean all of Tuvalu's data - be it legislative, executive, judicial or financial - would be stored online using Bitcoin Satoshi Vision's (BSV) public ledger.
It also wants to turn its cash economy into one using some form of digital currency.
....
On the financial side, Kofe said Tuvalu was funding this "discovery phase" itself but he said it would consider other options once the cost of the project was fully determined.
One possibility that had been proposed was leveraging funding through the renewal of the rights to Tuvalu's lucrative internet domain name ".tv" which was extremely popular among internet streaming sites like Twitch.
The rights for its distribution, currently held by American company Verisign, expired this year.
(
dot TV price up?)read more (rnz.co.nz)
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