Cryptocurrency and blockchain developer Pundi X will reportedly be working with the Cambodian administration to build a 100-hectare smart city in Phnom Penh, bringing to the table their expertise on setting up digital infrastructures using blockchain technology.
Systems to be run by blockchain in the Cambodian smart city will include the electricity grid, road traffic systems, waterworks, as well as public transportation and public safety systems. This ambitious project is part of Cambodia’s plans to establish a central business district, with a strong emphasis on advanced technology.
Pundi X, a tech firm based in Singapore, was chosen to integrate blockchain technology in the smart city — using the latest solutions such as XPOS and XPASS systems, as well as XWallet for financial transactions — while cloud and dedicated servers provider Limestone Network has been tasked with developing the technological layers of the smart city.
Cambodia revealed that these blockchain-based systems will enable citizens in the smart city to carry out payments and transactions using cryptocurrencies, while merchants will be able to accept a wide range of tokens for their products and services.
Pundi X CEO Zac Cheah disclosed that for the smart city project, the Singapore firm will provide secure digital payment methods to all residents, employees, and visitors, thanks to the company’s POS solutions. Even small items like food or water can be paid for virtually.
Eddie Lee, Co-founder of Limestone Network, stated in a blog post on the company’s website, “As a matter of course, the vibrant commerce and lifestyle hub will also be transacting over the secure blockchain, and we have chosen Pundi X to provide the smart city development with their pioneering blockchain-based POS solutions.”
In recent years, Cambodia has been aggressively encouraging the development of digital industries and innovation, while its government has also been investing in educating its youth using innovative learning models. Education Minister Hang Chuon Naron has participated in a meeting with representatives from Microsoft to discuss ways to develop the nation’s learning systems, with the aim of supporting students demonstrating an aptitude in subjects such as science and technology. The meeting also discussed the possibility of enhancing the Ministry’s New Generation Schools (NGS) initiative, which promotes innovative learning for Cambodian youths.
The Ministry of Education stated that it will integrate the use of mobile apps and software to improve students’ learning experiences, demonstrating the government’s determination to use technology in educational institutes to promote learning. As part of the plan, Microsoft and the Ministry will partner to provide 48 computers to Thun Thean Seksa secondary schools in 25 cities.
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