Minister for Science and Technology Shibli Faraz addressing a function in Islamabad

Minister for Science and Technology Shibli Faraz addressing a function in Islamabad. He said that his ministry has taken important steps to move towards the use of technology. As a part of such efforts, the ministry developed the Electronic Voting Machine and formulated the Science, Technology and Innovation Policy. The minister said that the blockchain will become a 20 billion market by 2024 and about 200 countries have somehow incorporated blockchain into their systems. The banks can save eight to ten billion annually by using blockchain while the voting process can be more transparent through using this technology. The blockchain technology has also been used in EVMs, he said. He said that the government is working on blockchain technology for transparency and accountability. The Ministry of Science and Technology is launching blockchain technology pilot projects in its universities. All three universities will bring their degrees on blockchain technology, he said adding, degree verification issues will also be resolved with the Higher Education Commission. #APPDIGITAL https://www.app.com.pk/    / apptvlive     / appcsocialmedia     / apponinsta     / apponfb