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ASTANA IS IMPLEMENTING A BLOCKCHAIN IN THE SYSTEM OF INFRASTRUCTURE PROJECTS FINANCING

ASTANA IS IMPLEMENTING A BLOCKCHAIN IN THE SYSTEM OF INFRASTRUCTURE PROJECTS FINANCING

Astana office for Investment and Entrepreneurship Development has signed a Memorandum of understanding and partnership with the non-profit South Korean organization Mile Unity Foundation, which will promote the introduction of the MILE blockchain into the system of private capital distribution in Astana infrastructure projects.

A Memorandum of understanding and partnership was signed by the head of Astana Investment and Entrepreneurship Development Department Alisher Abdykadyrov and a representative of the Mile Unity Foundation Global Ambassador George Goognin, who had earlier participated in the meetings with the country’s high ranking officials.

According to the signed Memorandum, the implemented blockchain system will create a safe and transparent system for financing investment projects, and the organization Mile Unity will provide support to the country’s relevant government agencies in the blockchain technologies implementation.

Mile Unity Foundation also signed a Memorandum of understanding and partnership with the startup accelerator Astana Hub, according to which the South Korean organization will help to implement the blockchain in the system of grants to startups.

Also this month it became known that cyber security specialists from Israel will help to create an infrastructure for secure financial transactions in the international financial center “Astana”, with the use of blockchain technologies.

In April, the information appeared that the Ministry of Finance of Kazakhstan together with the specialists of IBM and PwC is developing a blockchain-based system for control and monitoring of tax deductions in March.

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