The government of Tuvalu is planning an unprecedented digital transformation.
It aims to become the world’s first paperless society using blockchain technology to create a national digital ledger and registry with Bitcoin Satoshi Vision (BSV).
One of the simplest ways to describe blockchain technology is as a digital ledger of transactions shared by a network of computers.
Its appeal, is that as a recording system, it is near impossible to hack or cheat and so any data stored on it is immutable.
Tuvalu’s minister for justice communications and foreign affairs, Simon Kofe, says this makes it a perfect candidate for something like a national registry.