Financial center in the far East will use the blockchain

The development Fund of the Far East and the Baikal region (FRD) and the Chinese company Tai Cloud Corporation signed an agreement on joint implementation of projects on the basis of the blockchain in the far Eastern Federal district (FEFD). In the framework of this agreement in the port of Vladivostok will create a financial center with special conditions for foreign banks.

The activities of the centre provides the possibility of opening of branches of foreign credit institutions, the creation of multi-currency crowdfunding platforms and digital exchange of financial assets.

«Tai FRD and Cloud will work together on the development and implementation of the technology of the blockchain within the priority development projects of the Russian Far East. One of these projects should become a financial centre in the port of Vladivostok», – said the representative of the FRD.

According to him, Tai Cloud has experience in the development and implementation of many innovative solutions built on blockchain technology, including technologies for supply chain management, energy infrastructure, accounts of patients and financial technologies.


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