Blockchain Technology or Distributed Ledger Technology (DLT), an IT infrastructural platform, blockchain provides a global public ledger capable of automatically recording and verifying a high volume of digital transactions, regardless of location.
Its capability in handling high volume of data in accurate manner especially financial transactions is interesting to the business world. It has attracted the attention of the banks. It can solve some of their conventional problems in data management, transferring and storing data independently.
In Papua New Guinea (PNG), the Bank of Papua New Guinea (BPNG) has spent the last few years researching and trialling the use of Distributed Ledger Technology (DLT) or blockchain technology.
BPNG has successfully completed a ‘Proof of Concept’ in both an urban setting (that is, in Port Moresby) and a rural setting, in Lalaura Village, Abau District, Central Province.
Its ‘Proof of Concept’ will be piloted locally and will engage local expertise in this exciting project, tailored by locals for local applicable and usage.
The Bank will train suitable qualified and enthusiastic Papua New Guineans to develop the skills and capabilities to build a variety of business solutions using this technology.
A paid advertisement was calling for registration of interests to identify the level of interest within the Papua New Guinea software development community to take this opportunity prior to it committing time, money and resources in enabling this to occur.
Ideally, BPNG was seeking individuals that have a software development background, although other respondents may be considered. A basic level of familiarity with computing basics and standard desktop software (e.g. word processing, spreadsheets, etc) and software development lifecycle was required.
The bank preferred that any person with experience in the development of DLT solutions or blockchain technology in use cases is not a pre-requisite. However, respondents may be required to undertake an aptitude test to assess their capacity to undertake this kind of work.
BPNG requires practical, hands-on people who want to help Papua New Guinea become the FinTech Capital of the Pacific, without total reliance on overseas expertise.
In addition, BPNG was looking for individuals who can support the Bank’s values of: Accountability, Efficiency, Integrity, Professionalism, Teamwork and Transparency.
The Bank declined to accept registrations from individuals who have no particular interest in the blockchain technology, programming or problem solving.
BPNG was actually looking for individuals who can demonstrate, the following personal attributes:
numerical problem solving, logical reasoning, pattern recognition, ability to follow complex procedures, time management, creativity, teamwork, determination, clear & concise documentation and ability to learn new skills quickly.
BPNG was seeking to develop in-country expertise in the development of DLT solutions and blockchain technology, with the aim to make PNG the capital of FinTech in the Pacific.
BPNG can be contacted regarding information on blockchain training via email at: DLT.training@bankpng.gov.pg Submissions close by 5pm, 21 December 2018. -Via Garamut News.
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