Cambodia Partners with Switzerland to Integrate Blockchain Technology in Smart City Project

• 28 September 2024
• Local News
• 623 Views

Cambodia’s Ministry of Industry, Science, Technology and Innovation has joined forces with the Swiss-based DFINITY Foundation to advance the use of Blockchain and artificial intelligence (AI) in the nation’s smart city projects.

This partnership, formalized through a letter of intent signed at Singapore Blockchain Technology Week on 19 September 2024, aims to revolutionize Cambodia’s technology infrastructure and boost its economic potential, according to official sources on 19 September 2024.

HE Dr Hul Seangheng, Undersecretary of State at the Ministry of Industry, Science, Technology and Innovation, highlighted that this collaboration would leverage ICP technology, enabling Cambodia to create secure, transparent, and efficient solutions.

“This partnership will provide opportunities for Cambodian institutions to work alongside global and local educational organizations, fostering innovation and joint research in blockchain technologies,” he remarked.

Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation emphasized that blockchain and AI have the power to reshape Cambodia’s digital infrastructure. He noted that integrating ICP technology will fortify the country’s smart city development, ensuring a stable and transparent infrastructure that enhances the digital economy.

This landmark collaboration is set to position Cambodia as a regional leader in blockchain technology, facilitating knowledge exchange and innovation in smart city initiatives.

• Technology and Engineering
• Cooperation and networking