#Blockchain

According to Sanzhar Kettebekov, CEO of Almaty Tech Garden, Kazakhstan is working on blockchainizing VAT data bases. As reported by local oublication LS, currently the project team is working on electronic invoices.

According to Elina Sidorenko, the head of the Russian Central Bank’s working group on cryptocurrencies, products incorporating blockchain technology should be a part of the legal terrain, while the technology itself should remain beyond regulation.

Speaking at the international conference Digital Banking, the first deputy of the Belarusian National Bank’s board Taras Nadolny stated that the bank will use blockchain technology to create a security bonds ledger.

The feature was written by Alexander Boldachev, a philosopher, the member of Russia’s Futurology Association, and eGaaS analyst exclusively for ForkLog.

Over the first three months of 2017, overall investment in bitcoin and blockchain-related startups comprised $120 million spanning 21 deals. The officially announced funding of blockchain companies comprised $119.29 million with one more deal involving Tezos remaining officially undisclosed.

Sergei Vasilchuk, Attic Lab CEO, presented the company’s innovative solution for banks and businesses dubbed OpenBankIT at the recent Blockchain UA conference. The solution, which is based on the principles of OpenSource, Free and UserFriendly, seeks to build a whole stack of solutions for e-money and other assets.

Publicly traded Russian payments service provider QIWI (NASDAQ: QIWI) has established Qiwi Blockchain Technologies LLC (QBT), a company focused on developing blockchain-related products.

Input Output Hong Kong (IOHK), a premier blockchain architecture and development company, has built a provably secure Proof-of-Stake protocol in response to the worldwide demand for more efficient blockchains capable of handling more transactions.