Hong Kong’s Financial Secretary, Paul Chan Mo-po has reiterated his support for blockchain technology, calling it the next wave of "breakthrough growth" in the digital technology industry in a recent blog post.
In an Aug. 27 statement, Chan wrote that emerging sectors within Web3 such as NFTs, GameFi, Play-to-Earn gaming, and immersive entertainment are set to lead the next generation of digital entertainment.
“The core blockchain technology of Web3, with its characteristics of disintermediation, security, transparency, immutability and low cost, can be applied in many fields such as finance, commerce, trade, supply chain management, and even daily life.”
Chan’s statements came in the wake of his visit to a three-day blockchain-focused event called the Digital Entertainment Leaders Forum, hosted in Cyberport in Hong Kong.
Source: Coin Telegraph