First ‘Blockchain High-Performance Computing’ license issued in Pakistan

Islamabad: With the support of the Special Investment Council (SIFC), a ‘Blockchain-based High Performance Computing’ license has been issued for the first time in Pakistan. This license has been issued by the ‘Special Technology Zones Authority’ to ‘Higgs Computing Limited’.

The Ministry of IT and Telecom and the State Bank of Pakistan (SBP) played a key role in the project that will provide excellent investment opportunities in blockchain, artificial intelligence (AI), and big data.

The project is expected to earn foreign exchange of $1.5 to $2 million annually.

The data center will initially operate with 7 megawatts of electricity, while a revolutionary step is also being taken to effectively utilize the excess electricity capacity.

Blockchain technology is expected to significantly increase transparency and security in the digital world.

This project, launched with the support of SIFC, is being described as an important milestone for the development of Pakistan’s digital economy.