Tuvalu's government aims to become the world's first paperless society, using blockchain technology to create a national digital ledger. In a nutshell, a blockchain is a digital ledger of transactions shared by a network of computers. Any input or change to the blockchain is traceable to its source and recorded by all computers on the network. Auckland lawyer Campbell Pentney – an expert on blockchain and cryptocurrency – said on one hand Tuvalu's proposed digital transformation jumped a whole heap of technological solutions. Kofe said for Tuvalu the digital transformation project was not just about modernising – it was about survival.

Source: Stuff March 14, 2021 04:52 UTC