In May, US-based blockchain firm, Ledger Atlas, inked a memorandum of understanding (MoU) with the Port Moresby government for the company to design the operational guidelines for PNG’s planned blockchain-focused special economic zone (SEZ).
As the country’s first SEZ of this kind, it is intended to serve as a global financial centre for blockchain activity, enabling tech solutions to be developed in an incubator-like environment. The Finschhafen district on the north-east coast of the Morobe Province has been proposed as a suitable location.
