Internet Computer Protocol and Cambodia partnership to boost smart city innovation

-

Dfinity, the Swiss foundation behind the Internet Computer Protocol just signed a Letter of Intent with Cambodia to enhance research, training, and support for an entrepreneurial ecosystem focused on developing smart city infrastructure.

Digital transformation in Cambodia

Smart cities use advanced information and communications technology, although the exact definition can vary.

Dfinity has already established a presence in Cambodia by collaborating on a United Nations Development Program pilot project that involves its digital Universal Trusted Credentials system.

The LOI marks a big step forward in Dfinity’s ongoing efforts to share technology with governments and international organizations.

The founder of Dfinity, Dominic Williams expressed excitement about working with Cambodia’s government, and he stated that ICP technology will play an important role in supporting the country’s digital transformation and help develop secure smart cities.

The Internet Computer offers decentralized, serverless computing, meaning users don’t need traditional cloud hosting services like Amazon Web Services.

With software hosted on-chain, the network also claims to be resistant to cyberattacks. In March, Dfinity showcased artificial intelligence running on ICP as a smart contract for the first time.

Regional leadership in technology

Try Sophal, a director at Cambodia’s Ministry of Industry, Science, Technology & Innovation, the MISTI, shared that integrating blockchain technology into national infrastructure projects wants to accelerate smart city initiatives and strengthen, support the overall digital economy.

Sophal added that MISTI’s mission is to position Cambodia as a leader in new, emerging technologies in the region.

Smart cities in Cambodia

Cambodia has been pursuing its smart city goals since at least 2019 when a Singaporean startup called Limestone Network launched a smart neighborhood project in Phnom Penh.

This project was expected to be completed by 2022, but there are little details about it.

Now this partnership between Dfinity and Cambodia could boost the country’s technological sector big time and also its ability to implement smart city solutions effectively.

As more countries adopt technologies like blockchain, Cambodia’s efforts may serve as a model for other nations too.

Have you read it yet? DOGE, Baby Doge, JASMY gains are on the horizon in October?

LATEST POSTS

Justin Sun Tops TRUMP Token Leaderboard Ahead of Gala Dinner Invite

Justin Sun, founder of Tron, may be behind the top wallet on the TRUMP token leaderboard, sparking speculation about his invitation to Donald Trump’s TRUMP...

Memecoins are on fire, but Dogecoin losing its crown?

You ever see a pack of wild dogs fighting over a steak? That’s what the memecoin market looked like this week. Outta nowhere, boom, the...

Kuwait’s crypto crackdown is here, mining, trading, and dreaming are all off the table

If you thought Kuwait was about to roll out the red carpet for crypto miners and traders, you’re in for a rude awakening. The Ministry...

South Africans face new crypto transfer rules

Binance making moves in South Africa that’ll have every crypto hustler double-checking their paperwork. Starting April 30, Binance isn’t just asking for your name and...

Most Popular

Guest posts