Cambodia has tapped Pundi X as its partner in the country's bid to develop a blockchain-powered smart city within Phnom Penh. The project is will reportedly be constructed in a 100-hectare area.
According to Crypto Vibes, the blockchain and cryptocurrency company will help build the Cambodian capital's smart city that will feature blockchain-centered digital infrastructures.
Among the basic structures that will be constructed with blockchain technology are road traffic systems, power networks, commuting and public safety systems, and water lines. The project is said to be part of the Asian country's plans to develop a central business district that leverages on advanced technology.
While Limestone Network was handpicked to build the technological layers of the smart city in Phnom Penh, Pundi X will integrate its blockchain-based POS solutions within the area. The Singapore-based tech firm will deploy its top technologies for the project including its XWallet, XPOS, and XPASS systems.
The said systems will allow residents in the Phnom Penh smart city to make virtual currency transactions such as payments and trade with participating merchants that accept digital currencies.
Pundi X CEO Zac Cheah said the company will ensure that residents, employees, and even guests will have access to secure digital payments through its POS solutions. Cheah noted that even with purchasing a bottle of water, payments will be made virtually.
In a blog post on the firm's official website, Limestone Network Co-founder Eddie Lee was quoted to have said, "As a matter of course, the vibrant commerce and lifestyle hub will also be transacting over the secure blockchain, and we have chosen Pundi X to provide the smart city development with their pioneering blockchain-based POS solutions."
Cambodia has been pushing for development in its technology sector as the country is also investing in educating its youth with innovative learning models. Last week, Minister of Education, Hang Chuon Naron met with Microsoft representatives to improve the country's learning systems for young talents who display potential in science and technology.
According to Eleven Myanmar, the parties discussed the expansion of the New Generation Schools (NGS) program that seeks to encourage innovative learning among Cambodian students.
The Ministry pledged to promote software and mobile apps use to enhance the learning experience of students as part of the government's efforts in acknowledging technology as a key driver in educational settings.
During the meeting, Chuon Naron said, "Microsoft continues to provide support to the Ministry of Education, Youth and Sport in prioritised sectors with technical assistance and other resources."
Microsoft and the Cambodian Ministry of Education will partner to provide Thun Thean Seksa (TTS) secondary schools in 25 cities across the Kingdom with 48 computers to help spur the use of technology in local education.
