Village-Based Marine Resource Use and Rural Livelihoods

Total Page:16

File Type:pdf, Size:1020Kb

Village-Based Marine Resource Use and Rural Livelihoods October 2006 TNC Pacific Island Countries Report No 5/06 Village-Based Marine Resource Use and Rural Livelihoods Kimbe Bay, West New Britain, Papua New Guinea Prepared for The Nature Conservancy by: Gina Koczberski1, George N. Curry1, Joseph K. Warku2 and Christina Kwam2 1Curtin University of Technology 2The Nature Conservancy Report of a study conducted between 2005-2006 of village-based marine resource use, management and rural livelihoods in Kimbe Bay, West New Britain Province. The research was a collaborative project between The Nature Conservancy, Kimbe Bay and Curtin University of Technology and funded by The Nature Conservancy. This publication was made possible through support provided by the David and Lucile Packard Foundation and by the Office of Procurement, U.S. Agency for International Development, under the terms of Award No. LAG-A-00-99-00045-00. The opinions expressed herein are those of the author(s) and do not necessarily reflect the views of the U.S. Agency for International Development. David and Lucile Packard Foundation October 2006 TNC Pacific Island Countries Report No 5/06 Village-Based Marine Resource Use and Rural Livelihoods Kimbe Bay, West New Britain, Papua New Guinea Prepared for The Nature Conservancy by: Gina Koczberski1, George N. Curry1, Joseph K. Warku2 and Christina Kwam2 1Curtin University of Technology 2The Nature Conservancy Published by: The Nature Conservancy, Indo-Pacific Resource Centre Author Contact Details: Gina Koczberski: Department of Social Sciences Faculty of Media, Culture and Society, Curtin University of Technology GPO Box U1987 Perth, WA 6845 AUSTRALIA email: [email protected] George N. Curry: Department of Social Sciences Faculty of Media, Culture and Society, Curtin University of Technology GPO Box U1987 Perth, WA 6845 AUSTRALIA email: [email protected] Joseph Kavon Warku: PO Box 267 KIMBE, West New Britain Province, PNG. email: [email protected] Christina Kwam, The Nature Conservancy, Kimbe Bay Field Office, P.O. Box 267, Kimbe, West New Britain PAPUA NEW GUINEA email: [email protected] Suggested Citation: Koczberski, G., G.N. Curry, J. Warku and C. Kwam. 2006. Village-Based Marine Resource Use and Rural Livelihoods: Kimbe Bay, West New Britain, Papua New Guinea. TNC Pacific Island Countries Report No. 5/06. © 2006, The Nature Conservancy All Rights Reserved. Reproduction for any purpose is prohibited without prior permission. Cover Photo: © George N. Curry ISBN 9980-9964-5-5 Available from: Indo-Pacific Resource Centre The Nature Conservancy 51 Edmondstone Street South Brisbane, QLD 4101 Australia Or via the worldwide web at: conserveonline.org/workspaces/pacific.island.countries.publications ii Acknowledgements The research team thanks the following people who contributed to the research project: the people of Kulungi, Gaungo, Tarobi, Baikakea, Potou and Baea and Baubau villages, and village councillors, Stephen Reu, Nick Buo, Victor Vareo and Tony Lagisa. Ward Committee member, Nathaniel Ove, and Lolobau Island leader, Sebastian Pumana Kautu, are also acknowledged. We are also very grateful to the following individuals and their families: Herman Wakore, Herman Volele, Cletus Reiki and Victor Vereo for providing meals and hospitality to the research team during fieldwork. Thanks also to Rickard Reiman and Otto Gavuli for their support during fieldwork at Baea village. We also gratefully acknowledge the assistance provided of Hargy Oil Palm Limited for fuel and tyre repairs during fieldwork in eastern Kimbe Bay. Elvis Mathias, fish buyer for KBSA, is also acknowledged. Special thanks to Sylvia Maiap for assistance with household interviews and focus group surveys at Gaungo and Kulungi villages, Scott Kimpton for work carried out on the household data bases, and Peter Ramohia for shellfish identification. Helpful editorial comments were made by Aileen Hoath. The team would also like to acknowledge the support and assistance provided by Alison Green, Jeanine Almany, Stuart Sheppard and Richard Hamilton at the TNC Brisbane Office, and the following staff members at TNC Kimbe Bay Marine Project and the Port Moresby office: Paul Lokani, Walain Ulaiwi, Stephen Keu, Shannon Seeto, Anisah Sapul, Joe Aitsi, Philip Lahui, Susan Evans, Dorothy Lare, Dominica Kamas and Norma Dobunaba. Research funding was provided by USAID for which the authors are most grateful. iii iv Contents Acknowledgements....................................................................................................................................... iii List of Tables..................................................................................................................................................vii List of Figures............................................................................................................................................... viii List of Boxes ....................................................................................................................................................xi List of Plates ....................................................................................................................................................xi List of Appendices .........................................................................................................................................xi Abbreviations & Acronyms ........................................................................................................................xii Executive Summary............................................................................................................... xiii 1. Introduction ........................................................................................................................... 1 Study Background...................................................................................................................................... 1 Rationale & Scope of Study.....................................................................................................................2 Marine Environment ................................................................................................................................2 Demographic Environment .................................................................................................................... 3 Economic Environment ........................................................................................................................... 3 Social Environment ................................................................................................................................... 5 Report Outline ...........................................................................................................................................6 Notes .............................................................................................................................................................6 2. Study Sites & Methods .....................................................................................................7 Study Sites....................................................................................................................................................7 Kulungi Village ................................................................................................................ 7 Gaungo Village............................................................................................................... 10 Tarobi Village................................................................................................................. 10 Baikakea Village............................................................................................................. 11 Potou Village .................................................................................................................. 12 Baea Village.................................................................................................................... 12 Research Design .......................................................................................................................................14 Notes ........................................................................................................................................................... 15 3. Marine Tenure & Cultural Heritage..................................................................17 Customary Marine Tenure.................................................................................................................... 17 Resource Tenure and Clan Leadership ........................................................................... 18 Closures .......................................................................................................................... 19 Marine Cultural Heritage.....................................................................................................................20 Notes ...........................................................................................................................................................24 4. Subsistence Use of Marine Resources ..................................................................25 Introduction..............................................................................................................................................25 Local Marine Activities ..........................................................................................................................25
Recommended publications
  • A Review of Ethnographic and Historically Recorded Dentaliurn Source Locations
    FISHINGFOR IVORYWORMS: A REVIEWOF ETHNOGRAPHICAND HISTORICALLY RECORDEDDENTALIUM SOURCE LOCATIONS Andrew John Barton B.A., Simon Fraser University, 1979 THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS IN THE DEPARTMENT OF ARCHAEOLOGY Q Andrew John Barton 1994 SIMON FRASER UNIVERSITY Burnaby October, 1994 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means without permission of the author. Name: Andrew John Barton Degree: Master of Arts (Archaeology) Title of Thesis: Fishing for Ivory Worms: A Review of Ethnographic and Historically Recorded Dentaliurn Source Locations Examining Committee: Chairperson: Jack D. Nance - -, David V. Burley Senior Supervisor Associate Professor Richard Inglis External Examiner Department of Aboriginal Affairs Government of British Columbia PARTIAL COPYRIGHT LICENSE I hereby grant to Simon Fraser University the right to lend my thesis or dissertation (the title of which is shown below) to users of the Simon Fraser University Library, and to make partial or single copies only for such users or in response to a request from the library of any other university, or other educational institution, on its own behalf or for one of its users. I further agree that permission for multiple copying of this thesis for scholarly purposes may be granted by me or the Dean of Graduate Studies. It is understood that copying or publication of this thesis for financial gain shall not be allowed without my written permission. Title of ThesisIDissertation: Fishing for Ivory Worms: A Review of Ethnographic and Historically Recorded Dentalium Source Locations Author: Andrew John Barton Name October 14, 1994 Date This study reviews and examines historic and ethnographic written documents that identify locations where Dentaliurn shells were procured by west coast Native North Americans.
    [Show full text]
  • Bibliography of Geology and Geophysics of the Southwestern Pacific
    UNITED NATIONS ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC COMMITTEE FOR CO-ORDINATION OF JOINT PROSPECTING FOR MINERAL RESOURCES IN SOUTH PACIFIC OFFSHORE AREAS (CCOP/SOPAC) TECIThlJCAL BULLETIN No. 5 BIBLIOGRAPHY OF GEOLOGY AND GEOPHYSICS OF THE SOUTHWESTERN PACIFIC Edited by CHRISTIAN JOUANNIC UNDP Marine Geologist, Technical Secretariat ofCCOPjSOPAC, Suva, Fiji and ROSE-MARIE THOMPSON NiZ. Oceanographic Institute. Wellington Ali communications relating to this and other publications of CCOP/SOPAC should he addressed to: Technical Secretariat of CCOP/SOPAC, cio Mineral Resources Department, Private Bag, Suva, Fiji. This publication should he referred to as u.N. ESCAP, CCOP/SOPAC Tech. Bull. 5 The designations employed and presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status ofany country or territory or of its authorities, or concerning the delimitation of the frontiers of any country or territory. Cataloguing in Publication BIBLIOGRAPHY of geology and geophysics of the southwestern Pacifie / edited by Christian Jouannic and Rose-Marie Thompson. - [2nd ed/]. - Suva: CCOP/SOPAC. 1983. (Technical bulletin / United Nations Economie and Social Commission for Asia and the Pacifie, Committee for Co-ordination of Joint Prospecting for Mineral Resources in South Pacifie Offshore Areas, ISSN 0378-6447 : 5) ISBN 0-477-06729-8 1. Jouannic, Christian II. Thompson, Rose­ Marie III. Series UDC 016:55 (93/96) The publication of this 2nd Edition of the Bibliography of the Geology and Geophysics of the Southwestern Pacifie has been funded by the Office de la Recherche Scientifique et Technique Outre-Mer (ORSTOM, 24 Rue Bayard, 75008 Paris, France) as a contri- bution by ORSTOM to the activities of CCOP/SOPAC.
    [Show full text]
  • Report of the United States National Museum
    KTHNO-CONCHOLOGY—A STUDY OF PRIMITIVE MONEY. By Robert E. C. Stearns. The study of Nature leads through enchanted fields, fall of new sur- prises and fresh delights. Whichever path we pursue, vistas open on either side equally inviting, with every charm of life and form and color, ever changing but never old. " Who," wrote P. P. Carpenter, "has not admired the beauty of shells, the luster of the Cowries, the polish of the Olives, the painting of the Cones, the varied layers of the Cameos, the exquisite nacre of Mother- of Pearl"? Who has not listened to the mysterious 'sound of the sea ? in the Whelks and Helmets, or wondered at the many chambers of the Nautilus? What child ever went to the sea shore without picking up shells; or what lady ever spurned them as ornaments of her parlor ? Shells are at once the attraction of the untutored savage, the delight of the refined artist, the wonder of the philosophic zoologist, and the most valued treasures of the geologist. They adorn the sands of sea- girt isles and continents now, and they form the earliest { footprints on the sands of time' in the history of our globe. The astronomer wan- dering through boundless space with the grandest researches of his in- tellect and the most subtle workings of his analysis, may imagine indeed the history of past time aud speculate on the formation of globes, but his science presents us with no records of the past ; but the geologist, after watching the ebb of the ocean tide, examines into the soil on the surface of the earth and finds in it a book of chronicles, the letters of which are not unknown hieroglyphics but familiar shells." Conchology, or the study of shells, in itself one of the most delightful studies, in its ethnological aspect is also full of interest.
    [Show full text]
  • June2006.Pdf
    The Newsletter of the Beaufighter and Boston Association of Queensland JUNE 2006 June 2006 1 The Whisperer they decided to take the risk of being killed themselves The School That Fell by keeping Fred with them until they could find of way From The Sky of helping him get back to his own people. The Nantabuans looked after Fred for six months, teaching him to speak Tok Pijin, hiding him in the village, sharing their food and clothes with him, and taking him with them everywhere they went, always ready to hide him when they met Japanese patrols. Then an Australian coast watcher group in the mountains picked Fred tip. He stayed with them for another three months, assisting their young radio operator, Corporal Matt Foley, until an American submarine, USS Gato, came to take Fred off with two Australian fliers. One was Bill Townsend, later to become Air Vice-Marshal. Fred Hargesheimer, now promoted to Captain, returned to the USA to work in the US Army headquarters. In 1946, Fred, now a Major, left the army to return to his prewar Photo Airman’s School New Britain job helping to develop FM radio, then moved on to work in radio and digital computing at Sperry Rand THE AIRMEN’S MEMORIAL SCHOOL at Corporation. He met and married Dorothy, his beloved Ewasse, on the north coast of West New Britain wife, and they had three children, Richard, Eric and Carol. Province, Papua New Guinea, is a gift to the children But Fred never forgot Nantabu. 1960, sixteen years of today and tomorrow in the Nakanai District in after he left on the Gato, Fred returned to Nantabu to recognition of the heroism and generosity of the see his saviours again and to repay his debt to them.
    [Show full text]
  • Village-Based Marine Resource Use and Rural Livelihoods
    October 2006 TNC Pacific Island Countries Report No 5/06 Village-Based Marine Resource Use and Rural Livelihoods Kimbe Bay, West New Britain, Papua New Guinea Prepared for The Nature Conservancy by: Gina Koczberski1, George N. Curry1, Joseph K. Warku2 and Christina Kwam2 1Curtin University of Technology 2The Nature Conservancy Report of a study conducted between 2005-2006 of village-based marine resource use, management and rural livelihoods in Kimbe Bay, West New Britain Province. The research was a collaborative project between The Nature Conservancy, Kimbe Bay and Curtin University of Technology and funded by The Nature Conservancy. This publication was made possible through support provided by the David and Lucile Packard Foundation and by the Office of Procurement, U.S. Agency for International Development, under the terms of Award No. LAG-A-00-99-00045-00. The opinions expressed herein are those of the author(s) and do not necessarily reflect the views of the U.S. Agency for International Development. David and Lucile Packard Foundation October 2006 TNC Pacific Island Countries Report No 5/06 Village-Based Marine Resource Use and Rural Livelihoods Kimbe Bay, West New Britain, Papua New Guinea Prepared for The Nature Conservancy by: Gina Koczberski1, George N. Curry1, Joseph K. Warku2 and Christina Kwam2 1Curtin University of Technology 2The Nature Conservancy Published by: The Nature Conservancy, Indo-Pacific Resource Centre Author Contact Details: Gina Koczberski: Department of Social Sciences Faculty of Media, Culture and Society, Curtin University of Technology GPO Box U1987 Perth, WA 6845 AUSTRALIA email: [email protected] George N.
    [Show full text]
  • Monetary Outlook: Internal Value of Money Stability Comparison in Usa
    Volume 4 (1), 2021, 9-18 MONETARY OUTLOOK: INTERNAL VALUE OF MONEY STABILITY COMPARISON IN USA Budi Sasongko, STIE Jaya Negara Taman Siswa Malang, Indonesia Eny Lestari Widarni, STIE Jaya Negara Taman Siswa Malang, Indonesia Suryaning Bawono, STIE Jaya Negara Taman Siswa Malang, Indonesia ABSTRACT This paper aims to study the transformation of money in the United States using qualitative content analysis and predict the stability of the internal exchange rate of money by comparing the internal exchange rate of commodity money proxied by gold against crude oil internally. The exchange rate of fiat money proxied by the USD against crude oil and the internal exchange rate of synthetic money proxied by bitcoin against crude oil use the autoregressive threshold (TAR) method in the exchange period. In the great depression, fiat standards, subprime mortgage crisis, Europe experienced a debt crisis until 2017 (1960 - 2017). We compare the internal stability of money for each period in the aggregate using TAR to describe the overall fluctuation of internal exchange rate stability. So it can be seen that the behavior of data movements based on the crisis period experienced is the basis for predicting the stability of the internal exchange rate in the future. Keywords: monetary outlook, internal value of money, mixed-method 1. Introduction The money that is known today is fiat money in certain currencies in the world. Inflation that occurs throughout the world causes the exchange rate of money against goods to change from year to year. Inflation keeps prices high and never returns to the starting point of the long-run price change.
    [Show full text]
  • Paper-Gold-And-Art-As-Representation
    Shell 3 Craigie Street Cambridge, Massachusetts 02138 Visible Language, 29:3/4 Marc Shell, 394-415 © Visible Language, 1995 Rhode Island School of Design Providence, Rhode Island 02903 The author, Marc Shell, draws from Marc Sh ell , a John D. and Catherine P. his recent book, Art & Money, to MacArthur Fellow, is professor of Comparative discuss the American gold standard Literature and of English and American La ng uage and more abstract paper money issues. at Harvard University. Professor She ll writes for He considers thus the link between TheReviewoftheFederal Reserve Bank and the economic and visual representation Revenue d'Economie Financiere and is director and exchange. Representation -what of the Center for the Study of Money and is represented and what it stands for Culture. His recent books include Children of the - is at the heart of money. Or so it Earth (1993), Elizabeth's Glass (1993), and Art & appears. Representation easily slides Money (1995). over into issues of authenticity and the character of the unique or genuine as portrayed by the artist's signature and the sovereign's sign - potentially conflicting ma kers of aesthetic and political authority that taken together suggest an always precarious conflict 395 Visible Language 29:3/4 1 Paper money had The United States, the first place in the Western world circulated i n Eu rope at earlier times' as discussed where paper money was widely used, 1 is an interesting by Adam Smith in Wealth of Nations. But historians locale for the study of rep resentation and exchange in art. generally distinguish the popular, long-term use of This is not only because the United States sometimes paper money in America from its rest r i cted use by presents itself as a "secular"- hence supposedly non­ merchan ts and bankers i n Christian- state.
    [Show full text]
  • Shell Money in Contemporary Langalanga, Solomon Islands*
    From Currency to Agency: Shell Money in Contemporary Langalanga, Solomon Islands* Pei-yi Guo Assistant Research Fellow, Institute of Ethnology, Academia Sinica, Taiwan Shell money composed of strings of shell beads have been widely used in island Melanesia as bride wealth, payment for compensation, medium for trade, and personal ornaments. Most production centers in the region abandoned their manufacture since the introduction of colonial currencies, and the Langalanga is the only group in the Solomon Islands today that continues to make shell money (bata) for regional circulation. This paper analyzes why Langalanga people persist in manufacturing shell money and widening its flow in the Solomon Islands today. How local currency is perceived and appropriated is highly related to the colonial/ state currencies in the area. This paper examines the entanglement between local currency and colonial/ state currency among the Langalanga, especially in comparison with the Kwaio in Malaita Province, Solomon Islands. According to David Akin’s research, the local currency (kofu) in Kwaio becomes the symbol of cultural value and local agency against the penetration of the outside world. However, the Langalanga took a different path in constructing their relationships with the state. Instead of restricting its flow within their own territory, the Langalanga produce more shell money and expand its circulation to a wider region as a way to maintain their identity and agency by actively participating in the formulation of a * The paper was originally presented at the conference “Search for Interface: Interdisciplinary and Area Studies in Southeast Asia and the Pacific,” which was held on June 23-25, 2004 in Marseilles, France.
    [Show full text]
  • Tambu: the Shell-Money of the Tolai
    Reference: Epstein, A.L. (1979) Tambu: The Shell Money of the Tolai. In Hook, R.H. (ed.) Fantasy and Symbol: Studies in Anthropological Interpretation. Academic Press, New York. P. 149 - 202. Tambu: the Shell-Money of the Tolai A. L. Epstein, 1979 (Scanned and read by OCR) WHEN, IN 1875, the Wesleyan missionary George Brown landed on New Britain he encountered a people whose ways contrasted sharply with those of the Samoans with whom he had previously lived for many years. In their political organization, their modes of government, as well as so many of the arts of life, the Samoans evidently enjoyed a much more advanced culture than the Melanesians; but what impressed Brown no less forcibly was the difference between the two groups in regard to their commercial attitudes and activities. "A Samoan gives, a New Britain native sells or lends at interest….There were no markets in Samoa, but every district in New Britain had one. There was no money or any recognized standard of value in Samoa like the diwara or Tambu in New Britain, for the fine mats, or other property given at marriage or funeral feasts, had no fixed negotiable value." (Brown, 1910, p. 434.) Other early visitors to this part of New Guinea were no less intrigued by the local monetary system and the way in which Tambu was intricately woven into the very texture of social life. One such traveler commented that New Britain was the only savage country he had visited where the natives had a true money currency of a standard value.
    [Show full text]
  • ORDEAL on NEW BRITAIN 655 Do So; the Alternative Was Surrender
    APPENDIX 4 ORDEAL ON NEW BRITAI N FTER the Japanese had driven Colonel Scanlan's force from its posi- A tions near Rabaul on 23rd January 1942, two main lines of retreat developed . One led westward to the Keravat River, and thence to the north coast ; the other south-east to the south coast. In both directions the country was mountainous, rugged, covered with dense growth, and inter- sected by deep ravines along which ran fast-flowing streams . The littl e food available in the jungle was largely of a kind which the men ha d not been trained to recognise . No plans had been made for the situation which then arose . Orders such as "go bush", "break up into small parties" and "every man for himself" which soon began to circulate implied a cessation of militar y organisation and control . As the troops withdrew they left their com- munication and supply routes, and along the tracks they were to travers e few stores of food, ammunition or medical supplies had been organise d or established. For the moment the only course open to the men was to escape in mechanical transport down the roads to the south so far as th e roads ran. Soon trucks and carriers were transporting troops to the rear and being subjected to bombing and machine-gunning from the air . Lieutenant Selby, the anti-aircraft artillery officer of the force, later re- called one such journey . We walked at a brisk pace, only taking cover when diving planes roared dow n on us . Eventually a truck dashed by, then pulled up in answer to our hail and we climbed aboard .
    [Show full text]
  • This Is My Fifth Comment on Bitcoin. the First One Was Put at SR-Cboebzx-2018-040 (Right Here) on 08/13/2018, the Second at SR-N
    This is my fifth comment on bitcoin. The first one was put at SR-CboeBZX-2018-040 (right here) on 08/13/2018, the second at SR-NYSEArca-2017-139 on 08/16/2018, the third at SR-CboeBZX-2018-001 on 08/17/2018, and the fourth at SR-NYSEArca-2018-02 on 08/21/2018. The SEC issued three orders disapproving bitcoin EFT applications on 08/22/2018, but it stayed all of them the next day. This unusual happening reminds us of Commissioner Peirce’s Public Statement dissenting Release No. 34-83723; File No. SR-BatsBZX-2016-30. Her dissent had three assertions. The third assertion was about innovation, but this word is missing in Form S-1 of 7/24/2018 filed by Bitwise ETF Trust. According to her own tenet that the investors are generally better judges about these things than the Commission is, it looks inappropriate for the Commission to praise innovation while an S-1 filer is silent about it yet. The second assertion of hers was about institutionalization, but the institutional investors can invest in bitcoin itself if they desire to do so. The first assertion of hers was that the Commission had been focused not on the ETP shares proposed but on the underlying bitcoin spot market. This reminds me of what Peter Arnett reported from Baghdad during Gulf War of 1991. It was that some Baghdad residents asked why the Allied Forces were bombing Baghdad while the war had broken out in Kuwait. Commissioner Peirce seems telling us that the Commission did something more than authorized by the laws, but what was written in said Release was quite the opposite: (Quote 1) Although the Commission is disapproving this proposed rule change, the Commission emphasizes that its disapproval does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.
    [Show full text]
  • Regulating Cryptocurrencies in New Zealand September 2018 Associate Professor Alexandra Sims Dr Kanchana Kariyawasam Professor David Mayes 2
    Regulating Cryptocurrencies in New Zealand September 2018 Associate Professor Alexandra Sims Dr Kanchana Kariyawasam Professor David Mayes 2 Acknowledgements The authors would like to acknowledge the support of the New Zealand Law Foundation, without which the project and resulting report would not have occurred. Thanks also to Chaowei Fan for providing input and valuable translation skills into the part on China’s work on a central bank-issued cryptocurrency. Alex1 and Kanchana2 would like to dedicate this report to their co-author Professor David Mayes,3 who sadly passed away in November 2017 after a short illness. 1 Associate Professor Alexandra Sims, Department of Commercial Law, Business School, the University of Auckland. 2 Dr Kanchana Kariyawasam, Senior Lecturer, Griffith Business School, Griffith University. 3 Professor David Mayes, BNZ Professor of Finance, Department of Finance and Accounting, Business School, the University of Auckland. 3 Table of contents Executive summary and recommendations ................................................................................................... 6 1. Introduction ........................................................................................................................................ 8 2. Introduction to blockchain technology ............................................................................................20 2.1 General introduction to blockchain technology and public key cryptography ........................21 2.2 The value of blockchain technology beyond
    [Show full text]