In recent years, the concept of ‘Smart Cities’ has been attracting increasing levels of interest, investment and active development, with hundreds of engaging Smart City events taking place around the globe, not least of all Cambodia, which is at a pivotal stage in its process of urbanization.
Cryptocurrency and blockchain developer Pundi X - a tech firm based in Singapore, will reportedly be working with the Cambodian administration to build a 100-hectare smart city in Phnom Penh. It will help to build the Cambodian capital's smart city that will feature blockchain-centered digital infrastructures.
The systems to be run will include electricity grid, road traffic systems, waterworks, as well as public transportation and public safety systems. This ambitious project is said to be part of Cambodia’s plans to establish a central business district that leverages on advanced technology.
The Singapore-based tech firm will deploy its top technologies for the project including its XWallet, XPOS, and XPASS systems. It will allow residents in 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 released that 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 would be make virtually.
Cambodia has been pushing for development in its technology sector as the country is also investing in educating its youth with innovative learning models. 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. Both parties also discussed the expansion of the New Generation Schools (NGS) program that seeks to encourage innovative learning among Cambodian students.
The Ministry of Education stated that it would integrate the use of mobile apps and software to improve students’ learning experiences, demonstrating the government’s determination to use technology in educational institutes to promote learning. As part of the plan, Microsoft and the Ministry will collaborate to provide 48 computers to Thun Thean Seksa secondary schools in 25 cities.