Fantom to pilot blockchain-based IT solutions in Uzbekistan

The Fantom Foundation has announced a joint venture with AG Mentors Group headed by former Uzbekistan Deputy Prime Minister Elyar Ganiev.

According to the announcement published on the Fantom Blog on Wednesday, the collaboration will use Fantom-based blockchain solutions to modernize the country’s IT infrastructure.

Fantom’s partnership with AG Mentors comes amid the Uzbekistan government’s digital transformation agenda. Back in 2020, President Shavkat Mirziyoyev laid out a plan to utilize digital technology to improve public services in the country dubbed “Strategy for Digital Uzbekistan.”

Fantom will reportedly provide tailored blockchain-based solutions in areas like supply chain management, central bank digital currency and enterprise resource planning, among others.

According to the announcement, the Fantom Foundation plans to draw on its experience working with other governments in Central and South Asia.

Indeed, as previously reported by Cointelegraph, Fantom is currently engaged in a public-private partnership agreement with the government of Tajikistan. Fantom’s operations in Tajikistan are also tailored towards the IT sector with a focus on driving modernization in the country.

Apart from its partnership with the Tajik government, Fantom also has collaborative projects in Pakistan and Afghanistan. In Pakistan, Fantom is involved in developing blockchain-based solutions for the Punjab Prisons Department while in Afghanistan, the blockchain project is working with the Ministry of Health to utilize decentralized technology in combating the spread of counterfeit pharmaceuticals.

Fantom to pilot blockchain-based IT solutions in Uzbekistan

Source

Related Articles

Fintech Adoption in Pakistan and Digital Transformation Supported by Local Fintechs Could Improve Tax Collection: PM Imran Khan

The team at Islamabad-based Fintech firm SadaPay has been introducing innovative and appealing financial products and services that are focusing on younger consumers in Pakistan. SadaPay is offering black, sleek premium spending cards which may be comparable to some of the cards offered by European… Read More

The post Fintech Adoption in Pakistan and Digital Transformation Supported by Local Fintechs Could Improve Tax Collection: PM Imran Khan appeared first on Crowdfund Insider.

SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition

The Securities and Exchange Commission (SEC) has outlined its regulatory agenda for the coming months and at the top of the list are exempt securities that include Reg D and perhaps other exemptions such as Reg CF and Reg A+. Of note, is that the… Read More

The post SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition appeared first on Crowdfund Insider.

Fintech Firms in Pakistan Continue to Receive In-Principle Approval from State Bank to Offer Digital Financial Services

Supported by an upcoming generation of talented tech professionals, the Fintech industry is evolving rapidly in Pakistan. Fintechs could begin to make major contributions to the Asian country’s nearly $400 billion GDP. Professionals leading the country’s finance ministry and its reserve bank (the State Bank… Read More

The post Fintech Firms in Pakistan Continue to Receive In-Principle Approval from State Bank to Offer Digital Financial Services appeared first on Crowdfund Insider.

How is Fintech Developing During COVID? The Global COVID-19 Fintech Market Rapid Assessment Study Answers Your Questions

  The Cambridge Centre for Alternative Finance (CCAF) released a report this week entitled The Global Covid-19 Fintech Market Rapid Assessment Study. The report seeks to better understand the development of Fintech during a time of a global pandemic. The research was supported by the… Read More

The post How is Fintech Developing During COVID? The Global COVID-19 Fintech Market Rapid Assessment Study Answers Your Questions appeared first on Crowdfund Insider.

Dave Hodgson: CIO at NEM Group and MD at NEM Ventures Discusses Plans for Enterprise Blockchain Development and Support for DeFi

  We recently connected with Dave Hodgson, Chief Investment Officer at NEM Group and Managing Director NEM Ventures. NEM (XEM) is a major blockchain or distributed ledger technology (DLT) based platform for building and deploying decentralized applications (dApps). Hodgson’s role encompasses group investment management, jurisdictional… Read More

The post Dave Hodgson: CIO at NEM Group and MD at NEM Ventures Discusses Plans for Enterprise Blockchain Development and Support for DeFi appeared first on Crowdfund Insider.