Cambodia: Blockchain-Based Payments System ‘Project Bakong’ to Challenge US Dollar Hegemony


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Cambodia Looking to Capitalize on Blockchain Solutions at ASEAN Summit

According to a Coindesk report published on June 19, 2020, the National Bank of Cambodia is poised to go ahead with its blockchain-based payments system dubbed ‘Project Bakong’ to disrupt the dollar’s hegemony in the country. Project Bakong to Disrupt Dollar Hegemony Despite it being in the works since 2017, Cambodia’s distributed ledger technology-based (DLT) payments system, Bakong,

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