Published on: Friday, April 23, 2021
By: Bernama
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LABUAN: The Labuan International Business and Financial Centre (Labuan IBFC) and five blockchain bodies from Southeast Asia and Australia have signed a memorandum of understanding (MoU) to form the Asean Blockchain Consortium that aims to foster and strengthen cross-border relationships in promoting blockchain technology.
The bodies are Asosiasi Blockchain Indonesia (ABI), Blockchain Association Singapore (BAS), Distributed Ledger Technology Association of the Philippines (DLTAP), Thailand Digital Asset Operators Trade Association (TDO), and Blockchain Australia (BA).
In a statement Thursday, Labuan IBFC said the MoU marked the first collaboration between blockchain organisations across Asean and Australia to drive blockchain education, share knowledge on digital assets development, and promote adoption of blockchain technology across Asean and Australia.