Hong Kong-based Applied Science and Technology Research Institute (ASTRI) will prepare white paper on the blockchain technology for the country.

ASTRI will be working on a paper at EmTech Hong Kong which is MIT Technology Review's most inspiring conference on innovation and emerging technologies, connecting C-level executives in Asia.

According to telecompaper.com, ASTRI is recently commissioned by Hong Kong Monetary Authority. The white paper by ASTRI will provide guidance to banking and other sectors and seeks contribution from experts across the globe.

The paper is projected to be completed by the end of the year and it will include series of proof of concept results.

EmTech is the annual global emerging technologies conference hosted by MIT Technology Review. The conference speakers include John C Tsang, financial secretary of Hong Kong; Wong Ming Yam, chairman of ASTRI among other speakers and delegates.

Founded by the Government of the Hong Kong Special Administrative Region in 2000, ASTRI’s mission is to enhance Hong Kong’s competitiveness in technology-based industries through applied research. ASTRI has a rich portfolio of commercially viable technologies readily available for customers’ deployment.