Blockchain development and cryptocurrency global news and updates are like mushrooms, myself and one of my friend are establishing North Borneo Labs an online news media platform that covering latest blockchain and cryptocurrency development and merge with latest local government initiative to create an awareness to the locals especially in Sabah, Malaysia.
Here, we are highly depended on tourism as one of the economy driver. As stated by the Sabah Tourism Board, tourism is Sabah’s largest and one of the most important economic pillars that supports more than 80,000 jobs. In 2019, Sabah recorded a 5.3% increase in Gross Domestic Product (GDP) in the service sector with an approximate RM39 billion or 46.1% of the total Sabah GDP.
In year 2020- 2021, we saw too dependent on single source of income had created a fragile revenue. Therefore, we see blockchain technology could become one of the Sabah’s Economic Pillar by encouraging locals to develop Dapps or innovate in Layer 1 blockchain. These are require no or little raw material and resource to developing it. Developer only require the correct news and investor that could make their apps operational in mainnet.
Further to that, this is a trend that cannot be ignore anymore with more private institution are getting involve in the crypto development. The data for the crypto adoption rate also had risen and it closely match the internet adoption pattern.
So far, most locals do know how to own a web3 based wallet and trade in exchanges, but our mission is targeted beyond trading, that is helping local to innovate with this technologies.
What is the status for our team now ?
The team is currently operate by two person. Myself is a content creation, and will be in-charge of editorial works. You can find at Medium, you are welcome to follow our Facebook page, and our Hive Blog. Our article include our valued opinion and weekly reviews to update readers the latest news.
We are diversifying our article platform in Hive Blog is to expand our network into this community, besides providing valuable content, we also looking for partnership in other field as well. As soon as we have sufficient in man power, we will be keep posting valuable content daily.
Looking forward for your support and keep innovating.