Pakistan’s government and private industries are partnering to educate the youth about blockchain technology web 3.0 and other digital tools by designing the Fasset program.
Prime Minister Shahbaz Shareef’s Youth Program is well known, and this initiative is part of that program.
Shaza Khwaja, the Special Assistant to the Prime Minister on Youth Affairs, was in attendance at a meeting in Islamabad.
Including Muhammad Rafi Hossain of FASSET and Murtaza Ali. The topics discussed were finalized.
Fasset shared the belief that by equipping Pakistan’s youth with some of the most in-demand skills.
The two companies will join forces to create a curriculum that will include the most recent knowledge of Web 3.0 and help approximately 1 million youth in one year.
Ms. Kahwaja shared the Prime Minister’s vision in the meeting and told that Pakistan’s youth has the potential to achieve great success in the fields of technology.
If given proper training and infrastructure, they can do wonders.
For years, the Government of Pakistan has been working to develop youth by making a wide range of skill development for them.
However, the government believes that the private sector should be working on skills that will appeal to future generations like digital skills.
This is a partnership with Fasset.
My hope is that PMYP members have an opportunity to learn from qualified industry practitioners.
And that they can benefit from the many opportunities that are unfolding.
Technology Trend in Pakistan
Traditionally from Pakistan, the IT sector has had momentum, but has not been able to expand rapidly.
Fasset believes that one way for the youth of Pakistan to create income is by developing skills in the technological industry.
A recent study has shown that Pakistan is moderately advanced in web3.0 adoption.
Pakistan is home to many talented people with the best skills for tokenization, digital assets and blockchain technology.
They want to educate youth about safe, responsible, and innovative web3 development.
If we can provide the necessary building blocks, Pakistan’s youth could unleash a potential of $100 billion worth of economic growth.
Murtaza Ali, JazzCash’s Acting CEO, discussed how this partnership would be beneficial in the future.
“More than proud” to be a part of it, he expressed his optimism.
The partnership will improve financial literacy by providing learning resources to millions of people in underprivileged areas.
JazzCash will support the developments in this project from the finance perspective.
The organization is pursuing partnerships to extend their mission of providing financial inclusion for Pakistan.
Learn more about the latest technological trends in Pakistan at techbeast.pk
What is web3.0?
The term “Web 3.0” was first coined by Tim Berners-Lee, the inventor of the World Wide Web, in 2006.
Since then, it has been used to describe a variety of different concepts, but its definition remains vague.
- Web 3.0 is the next generation of the internet, where users are in control of their own data and there is a shift from centralized to decentralized applications.
- Web 3.0 is being built on top of blockchain technology and will enable users to interact with each other directly, without the need for intermediaries.
- Some of the key features of Web 3.0 include:
- Decentralized applications that are built on open protocols
- A decentralized identity system that gives users control over their data
- A decentralized marketplace that allows users to buy and sell goods and services directly with each other
- A decentralized file storage system that is more secure and efficient than traditional cloud storage providers
- Web 3.0 is still in its early stages of development, but it has the potential to revolutionize the way we use the internet.
A blockchain is a digital ledger of all cryptocurrency transactions.
It is constantly growing as “completed” blocks are added to it with a new set of recordings.
Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Blockchain is also being used in other ways besides cryptocurrency.
For example, many companies are now using blockchain to track their supply chains.
This allows them to see where their products come from and ensure that they are not counterfeit or otherwise tampered with.
Blockchain can also be used to create digital contracts.
These contracts can be executed automatically, without the need for a third party such as a bank or lawyer.
Some people have raised concerns about the security of blockchain technology.
However, blockchain is actually very secure.
The decentralized nature of the network means that there is no single point of failure.
Additionally, all data on the blockchain is encrypted and each transaction must be verified by the network before it can be completed.
Overall, blockchain is a powerful and versatile technology with a wide range of potential applications.