While discussing this with a delegation of blockchain technology experts, Dr. Arif Aliv said that Pakistani talent should be all set to revolutionize themselves to meet the needs of the fourth industrial Revolution. The panel of experts included Bitcoin SV advocate Jimmy Nguyen, founding president of the Bitcoin Association.
The boom of emerging technologies among Youth- Need to Introduce more Training
The fourth industrial revolution is all about utilizing blockchain technology in public and private sectors. Since we have not adopted this technology to the fullest, if excersises properly, it could be used by government as a tool to track transactions, reduce corruption and increase transparency.
— The President of Pakistan (@PresOfPakistan) January 17, 2022 While this is contradictory to the State Bank of Pakistan’s view of cryptocurrencies, since it has termed the trading illegal. Following this, Waqar Zaka who is bitcoin vocal had asked used for sit in protest in D-Chowk. Crypto analytics firm Chainalysis has released a report in Octuber 2021, revealing that Pakistan has the third highest rate of crypto adoption following Vietnam and India. The cryptocurrency adoption by Pkaistanis ransfers of more than $10 million in the country representing 28% of transactions. However this has also let to frauds which were associated with digital currencies annd people has to lose thier assets aswell. Pakistan Telecommunication Authority has also blocked websites that deal in cryptocurrencies to prevent fraud. Let’s see these two avenues of point view will meet to one point in the future. You might be interested in: Blockchain Technology And Pakistan
