Department of Treasury

PNG recognises blockchain potential

Speaking at the Blockchain Pasifik Conference today, the Treasury Department Secretary says the blockchain technology has the potential to become an important driver in PNG.

Blockchain technology is the backbone of a new type of internet where digital information can be distributed but not copied.

Blockchain was originally devised for the digital currency, Bitcoin, but other potential uses are now being found for this technology.

K75.4m to complete TFF second quarter payments

Education Minister Nick Kuman announced this in a statement last Friday, saying: “This latest payment brings the total TFF release to K301 million. I am thankful to the government for its commitment by giving priority to this key policy to ensure that every child receives quality education.”

The Department of Education is now working on the payments to be deposited in the commercial banks. Schools will have access to their money by this week, the MP states.