Former Prime Minister Chun Chen proposes an unconventional idea for Taiwan's next presidential transition. With the imminent change in leadership scheduled for May 20, Chen is calling for the adoption of non-fungible tokens (NFTs) as a new alternative to the usual commemorative coins typically issued by central banks. This proposal represents a departure from tradition, raising discussions about the evolution of ceremonial practices during important political milestones.

Presidential election dynamics

As Taiwan prepares to appoint a new head of state following the January 13 elections, with contenders from the Democratic Progressive Party, Kuomintang and Taiwan People's Party vying for the position, expectations of a transition ceremony loom large. Despite the delay between the election and the swearing-in, the proposal to offer NFTs to celebrate this event is sparking curiosity within the political scene.

NFTs: a contemporary way to celebrate?

Chen asserts that the NFT release will not only represent a historic moment, but will also serve as a symbolic and environmentally friendly gift to the next president. This unconventional proposal puts Taiwan at the forefront of innovation, which could make it the leading country in incorporating blockchain technology into official ceremonies. However, some doubts arise when the proposal takes into account the environmental impact and the world of cryptocurrencies.