National Development Council (NDC) of Taiwan to Create New Blockchain Alliance in Next 90 Days

One thing that has greatly helped the growth of Blockchain is the fact that many governments are actively recognizing its potential and making use of it. In their bid to fully maximize blockchain, many governments have made it a point of duty to study it and become more familiar with how it works.

This also helps to guide the setting up of new laws and avoid ones that will stifle the industry or laws that do not take the peculiar nature of crypto and Blockchain into context.

This has been done by seeking out feedback from the Blockchain community and also by the forming of Blockchain development councils, as in the case of the city of Seoul in South Korea. Now, Taiwan is doing the same thing as it has been announced On March 26, 2019 that the National Development Council (NDC) will be setting up a blockchain development council in the next few months.

Details About the Announcement

The announcement was made by Minister Chen Mei-ling during the Smart City Summit & Expo in Taipei who explained that before the decision to set up the council was made, consultations took place with other governments as well as academics. The purpose of these consultations was to help define what exactly the council’s goals will be.

Because Blockchain is an emerging technology, it is easy for governments to simply set up bodies for it in a bid to seem technologically advanced. Clearly, this isn’t the case as the upcoming council will be helping to establish the country as a leader in the field.

Minister Chen Mei-ling reiterated this point during the announcement when she said that she hoped that blockchain could be developed in the county and be used to help improve public governance.

Back to Green

One way that this improvement might take place is the use of Blockchain in the agriculture sector.

The Council of Agriculture in Taiwan was singled out as being able to benefit from blockchain because they could use the technology to develop a ‘resume’ for food production through which the origins of the various foods being produced could be traced.

This has already taken off all over the world with Carrefour and Walmart making use of Blockchain to help gain consumer trust by allowing them to trace where the food they are buying came from and ensuring their quality.

Hopefully, the creation of the council will bring these benefits to both the council of agriculture and more.

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