Manzoor stated that the PBI would publish a road map for integrating blockchain technology in Pakistan in order to advance the industry.
“On these bases, we are collaborating to share knowledge and human resources in order to develop our own products, as China is far more advanced than other nations in the blockchain industry and Pakistan has a strong desire to advance.”
This remark was stated in an interview with Ahmad Manzoor, founder and CEO of the Pakistan Blockchain Institute (PBI).
PBI and the China Academy of Information and Communications Technology (CAICT), a research arm of China’s ministry of industry and information technology, signed a contract in January to hold online training sessions for Pakistani students and professionals in order to strengthen China’s blockchain industry cooperation.
The cooperation, according to Manzoor, intends to build capacity for future blockchain projects by providing training with Chinese blockchain industry, technology, and policy specialists. In order to aid Pakistani youth and professionals in comprehending and using technology, he indicated that the two parties will create the first introductory-level course.
After completing the course, trainees will obtain a training certificate that will be validated and digitally stored on CAICT’s Blockchain System and Facility (BIF), a blockchain and identification infrastructure.
Manzoor assured CEN that the PBI would publish a road map for utilising blockchain technology in Pakistan to progress the sector. The statement reads, “We want to transition from a project management nation to a product management nation, and both countries will collaborate on emerging technologies.”
Blockchain is a decentralised digital ledger technology used to securely and transparently record transactions across a network of computers.
The blockchain industry comprises firms and organisations engaged in the creation and trade of cryptocurrencies, as well as the development and deployment of blockchain-based solutions.
The business is expanding rapidly and has many applications in a variety of areas, including finance, supply chain management, real estate, and healthcare.