Let’s not make it so cheap or easy for scammers to operate. Start by installing scam filters and raising the cost of mass messaging.
The Land Titles Ordinance was enacted in 2004 to set up a new registration system, but has still not been implemented. Homebuyers and owners need a digitised land register, like those in other leading cities, to reduce disputes, costs and uncertainty.
Businesses, employees and consumers should all shoulder some of the losses to get through this difficult time. Meanwhile, offering customers simple value-added services, in exchange for those lost due to social distancing rules, could go a long way.
More than access to computers and high-speed internet, the divide is in what you can do with the access, particularly in critical times, such as during the mask shortage, when the digitally able bought them online while the rest queued for hours, risking Covid-19.
As more systems become interconnected, it grows more important for companies, their customers and employees to be aware of potential vulnerabilities. Protection is effective only if it is extended to all parties.
Recent stern actions by China and South Korea are understandable – the threat of criminal activity or bubbles means blockchain needs the hand of regulators. Along the way, though, we should not forget blockchain’s advantages.