Cooperation between the Invest in Cyprus and VeChain is to promote block chain adaptation progress
Home News collaboration between Invest in Cyprus and VeChain to block chain adaptation drive
Marcel Knobloch –
VeChain is an incredibly versatile block chain project, its application possibilities in almost all areas of the free economy. The new collaboration between Invest in Cyprus and VeChain is to be optimized, a whole series of proposals, by the aid of the underlying infrastructure in the financial sector.
According to the latest press notification of the national investment partner of the Republic of Cyprus, Invest in Cyprus, in cooperation with VeChain a device intended to assist in the development and implementation of Blockchain-based solutions.
In this case, the Company will provide extensive suggestions for the use of the new technology policy, but also the financial sector. This is not the complete replacement of traditional operations, but to optimize and complement the existing work processes.
The initial scope of the collaboration consists of a “block chain” to various areas of the will be announced at a later date, since the first ausfürhlich to determine there is a need to be in which sectors of the economy and policy advice.
In this case, all of the reforms should be transparent, fair and in Compliance with AML, KYC and Eu laws, a legally flawless future value creation and support the economy of Cyprus.
This partnership shows that more and more countries in the world have recognized the opportunities and the potential of the Blockchain and use it for themselves. VeChain is already working with a number of heavyweights of the industry. This includes, among other things, PwC, BMW, DB count-Schenker, and insurance giants from China as “People’s Insrurance Company of China”.
Sunny Lu, CEO of VeChain, sees in the cooperation a great potential for Cyprus (freely translated):
Exactly how the Blockchain technology for something much Greater than business and money, this partnership is the true competence for global change, and provides the trust, transparency and Fairness in the core of our society. We are pleased that together with our partners, to show the real value of the Blockchain as a complementary technology and as the infrastructure for the world.
We are excited to see what the results will promote this cooperation. The rate of VeChain shows itself unimpressed and vezeichnet within the last 24 hours, with the minimum decrease of 1.11 percent on a price of 0.009 Euro.