Elevating public services through technology

Blockchain technology can be a game-changer for Nepal’s inefficient public sector services.

In a recent event organised by the Nepal Bankers’ Association, Maha Prasad Adhikari, the Governor of the Central Bank of Nepal, announced the implementation of Central Bank Digital Currency (CBDC) by 2026 and a rollout of the centralised KYC (cKYC) system. Digitisation of the identity management system and our currency will be a landmark milestone for banking and commerce. However, selecting the right technology and architecture will be critical because it will be the key driver in determining the success, usability and longevity of these digital solutions designed for public consumption.