Papua New Guinea, a new blockchain-friendly nation

We must beware of clichés.

It is culturally striking, it matches well with the concept of "cliché" precisely and it corresponds to the mode "Picture of Epinal" that we all more or less.

Except that here, the pictures that come from Port Moresby , the Papuan capital this week, it's more like this:

In an article published on the Coin Central.com website , we learn that the Papuan government has made agreements this week making it join Switzerland , Malta or Liechtenstein as a "blockchain friendly" nation.

The initiative is supported by the famous crypto-investor Tim Draper , who is no longer present, and the start-up Ledger Atlas , whose CEO Shane Ninai is himself a national of PNG .

Concretely, the government will set up a Special Economic Zone on one of the islands of the archipelago in the Finschhafen region, allowing blockchain start-ups to evolve in a lighter regulatory environment and benefiting from exemptions taxes.

Papua is among the poorest countries in the world with a GDP of 20 billion USD. Jeff Bezos , CEO of Amazon and his 112 billion USD weighs so ... 5 Papua (take an inspiration and think of something joyful).

This Oceanian country thus sees all the economic interest, in term of development and international weight, to open arms to the technos blockchain and all the induced experiments.

"Technology is the future of every country. We believe that with this area we are positioning ourselves to succeed. We are a small country, but that does not mean that we should not take daring and calculated risks. The blockchain is a breakthrough technological innovation, and we are pleased to align with Ledger Atlas and Draper Associates to lead this exciting new venture . " Rainbo Paita, parliamentarian representing Finschhafen.

Earlier this year, the Papuans were already giving us a little lesson about their innovation capabilities by implementing blockchain solutions in their central bank and setting up payment and ID management systems at villages in the Papu territory.

At a time when French Polynesia , another Oceanian territory, is also seeking to position itself in this crypto-race , the South Pacific has never seemed so ready to claim its technological transition.