Why the blockchain development of Macau can be faster than you thought

By Matthew Lam   Apr 01, 2019 1 Min Read

Matthew Lam of Blockchain.News spoke at the Macau Institute of Management (MIM) on blockchain applications in daily life 31 MarchAs hosted by MIM, the seminar enables Macau millennials to gain deeper understanding on the foundation of blockchain technology and its applications. 


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Matthew and Ivan Leung of Adsmart Hong Kong Limited, share their insights to Macau millennials on the application of blockchain technology. 


Matthew’s sharing facilitated Macau millennials to think thoroughly on the state of blockchain adoption and how Macau is emerging as one of the fintech hub in the Southern ChinaMatthew summarized his sharing as follows: 


The blockchain development in Macau may somehow be overlooked compared to Hong Kong and ShenzhenIn fact, Macau has expedited its blockchain development since 2H 2018. As a member in Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance and the Chinese Fintech Incubation Zone, Macau has been actively exploring the feasibility of blockchain in tourism and data services. For example, the Macau Science and Technology Development Fund partnered with Tencent-funded company to launch “WeIdentity”, an identity authentication and data management solution to support e-government services of Macau. I think the blockchain development of Macau deserves more public attention.” 


About the author

Matthew Lam
I believe the true value of cryptocurrencies is the underlying blockchain technology. The development of CBDC, DeFi, blockchain standardization are the key trends to watch in 2020!

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