Malaysia Struggles to Fill Need for Blockchain Workforce

Asia Blockchain Review
January 2, 2020

An advisor at blockchain investment firm MW Partners Group Holdings Pte Ltd in Malaysia revealed the country risks lagging behind in blockchain development as the nation struggles to develop a workforce with the necessary cryptography skills.

Catching Up with Blockchain Technology

Mark Pui, an advisor at MW Partners, warned that a lack of specialized workforce in areas like blockchain is holding the nation back from developing use cases for the decentralized ledger technology, The Malaysian Reserve reported. Pui stated:

“I think the reality is we do not have cryptography skills and that impacts our ability to lead in the development of the blockchain technology. There is still limited adoption of blockchain technology in Malaysia and also the world. But in terms of development, we are lagging behind everyone else because we do not have the skill sets, the deep cryptography skills.”

The adoption of blockchain technology is happening at a slow pace and businesses in Malaysia could reap greater benefits from the technology with the right use cases, he added.

Raising Awareness of Blockchain Benefits

The blockchain community should focus on raising awareness for the technology in order to urge businesses to adopt blockchain, according to Pui. 

“I do not think the public needs to know the details behind the protocol development of the technology,”  he said. “I am not sure how much of it has to be about public awareness, but maybe business awareness on the potential of the technology is more important than retail awareness.”

Today, blockchain technology is widely recognized in the financial and banking sector, especially in areas such as trade financing and remittance. However, Pui suggests that with more development, blockchain could also transform the way voting is carried out in Malaysia.

Source: https://themalaysianreserve.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Defending Truth with Blockchain – Eliminating Fake News
    The business of journalism is under attack and Blockchain can help regain trust between the publishe...

    August 10, 2020

    Mainstreaming Of Cryptocurrency Investments? An Exploration
    While the security and the regulation is well chronicled. The big question that needs to be answered...

    August 10, 2020

    The 5G Pandora Box: An Ultimate Kingmaker
    Unlike WWII which had sheer military might as its focal point, digital technologies such as 5G would...

    August 9, 2020

    Cyber Attacks In India Surge In Post Border Face Off
    The clashes between Indian and Chinese troops at Galwan valley that took the lives of soldiers from ...

    August 8, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us