Infinity Blockchain Holdings to Strategically Partner with the Government of Uzbekistan for Introduction of Blockchain Technology
November 26, 2018
Tashkent, Uzbekistan – Infinity Blockchain Holdings (Infinity Blockchain Holdings) Pte. Ltd. had the honour to partake in an assembly with the National Agency of Project Management (NAPM) under the President of the Republic of Uzbekistan, alongside blockchain association KOBEA Group Co. Ltd. (Korea Blockchain Entrepreneur Association) and blockchain industry titans Wowoo Exchange (Wowoo X Pte. Ltd) and Emurgo HK Ltd. Concluding the meeting, a landmark deal was reached where all the above companies are to develop strategic projects with the aim to introduce blockchain to Uzbekistan.
At the meeting, issues such as the establishment of Uzbek government-licensed cryptographic exchange, the development of the digital economy and blockchain technology, and the development of a national administrative system based on blockchains were discussed. In addition, the Uzbek government is reportedly planning to introduce blockchain to all sectors of society including health care, social welfare, education, and culture as well as management and monitoring of the state budget.
Cryptocurrency regulations are quite lax in Uzbekistan. In early September 2018, the Republic fully legalized the activities of the activities of cryptocurrency exchanges. with the aim to attract more the arrival of investments in the state economy. Digital asset holders are exempt from paying taxes when it comes to crypto transactions, as long as the virtual currency has no relation to securities. And now the Republic has taken an interest in formally teach its population about blockchain in education institutions. This strategic partnership of Uzbekistan with leading blockchain companies from Asia has brought attention from all over the world.
NAPM, amongst its various missions, works to introduce cutting-edge technologies to the public administration system and facilitate social implementation. Meanwhile, Infinity Blockchain Holdings is the holding company behind the world-leading Universal Wallet for the widest range of cryptocurrencies, Infinito Wallet, and the powerful technological infrastructure behind it, Infinito Blockchain Platform. Infinity Blockchain Holdings along with Emurgo and Wowoo are strategic partners of KOBEA, all of whom will work together with NAPM for the development of strategic projects to introduce blockchain technology to Uzbekistan, according to the agreement reached.
“We are pleased to cooperate with Digital Trust and intend to transfer our legal and educational experience in implementing the blockchain technology to Uzbekistan, thus contributing to the development of your country. I am confident that our knowledge in managing innovations can be useful for implementation of the reforms taking place in Uzbekistan”, said Yuji Akaba, partner and consultant of Infinity Blockchain Holdings.
Representing Infinity Blockchain Holdings, Marketing Head Ellena Ki introduced the company’s most renowned project, Infinito, its powerful and secure Universal Wallet app for leading cryptocurrencies and blockchain dApps, Infinito Wallet, and the robust technical infrastructure backing it, Infinito Blockchain Platform. The authorities of Uzbekistan are very open to paving ways for blockchain technology to be introduced to the Republic, so Infinity Blockchain Holdings has proposed the institution of blockchain education courses in universities through official collaboration.
Infinity Blockchain Holdings highlighted its current partnerships with top education institutions in Asia including University of Malaya (Malaysia), National Taiwan University of Science and Technology (Taiwan), and 5 universities in Vietnam along with notable successful governmental collaborations to spread blockchain awareness and understanding. Seeing how open the Uzbek administration is to adopting blockchain, as well as Infinity Blockchain Holdings’s proven track record of collaborative education programs with various government institutions; the holding company is rightfully confident in blockchain’s bright future in Uzbekistan.
From Emurgo HK’s side, CEO Alex Hayashi commented: “Uzbekistan today, more than ever, is open to innovations. And we are ready to help the country learn what the blockchain is, why it is so convenient, and how to raise the standard of living in all areas with it”.
This assembly made national news as it was broadcasted by native Uzbek broadcasting stations. A short news segment in Russian language is available for view below.
As agreed, the leading Asian blockchain experts shall partner with the government of Uzbekistan for the introduction of blockchain including the establishment of a government-approved crypto exchange coupled with education programs to spread blockchain awareness to develop future experts. Combined with the Republic’s recent legalization of blockchain, the future of blockchain in Uzbekistan looks to be a vibrant one.
What is Infinito and Infinity Blockchain Holdings?
Infinito, including Infinito Wallet, is managed by Infinity Blockchain Labs Europe (IBL EU), registered in Isle of Man.
IBL EU is a subsidiary of Infinity Blockchain Holdings, based in Singapore. Infinity Blockchain Holdings is holding company with an R&D base specializing in blockchain technology application in Vietnam, a business acceleration bases in other parts of Asia including Thailand, Malaysia, and Japan. The group currently consists of over 300 experts including developers, researchers, designers and marketers.
Infinito has a single mission: to enable blockchain mass adoption for businesses and consumers. To accomplish this, Infinito continually builds solutions to help businesses seamlessly integrate and develop blockchain dApps and services while consumers access and utilize blockchain services with utmost convenience and safety. Infinito is selectively expanding its global-scale service integration partner network and working to become the one-stop gateway for service providers and consumers to access and thrive on leading blockchains.
Contact [email protected] to learn more about the lineup of services and solutions for businesses and developers.
Follow the links below for the latest information on Infinito Services.
Junya Yamamoto established and managed businesses that were listed on the stock exchange before he graduated from university. Since 2012, he has been active in establishing IT venture that collaborate with large companies and corporations. In September 2015, he was entrusted with setting up Infinity Blockchain Labs.
Jack Nguyen received his Bachelor degree from National University of Singapore and MBA from Manchester Business School. He has more than 10 years of working experience in technology industry with a wide range of experience from technical, management, operation to business development for international software companies in Vietnam and Singapore.
Ellena has 14 years of working experience as a business/client account manager & analyst in financial institutions such as Euroclear Bank and Dealogic for settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives, and investment funds in Hong Kong and Japan.
As an IT expert who specializes in blockchain, Fedor has over 10 years of professional experience in business development and sales of complex IT systems. He is primarily engaged in the management of professional software products in addition to international business development and sales of cutting-edge technological solutions.
A dynamic innovator, Charlie has more than five years of professional experience in the field of Digital Marketing for a diverse array of products, techs, and services in esteemed companies such as 31Ten, le French Tech Shanghai, HOPSCOTCH Groupe, Equancy Shanghai, Rémy Cointreau, etc. from various countries across the globe - France, England, China, and Vietnam.
Jackie has more than 5 years of professional experience in the technology industry. He has been an invaluable asset to influential tech companies such as Sony, Harvey Nash, NFQ Technologies Asia, etc.; primarily engaging in business, project and product management.
Pham Anh Tai has a degree from from Ho Chi Minh City University of Technology and Education and 8+ years of experience in software development and system design including 3 years in Japan with Nippon Steel. Past projects include managing development teams creating gaming, entertainment, news and finances products for Japanese clients.
Cuong has 10+ years of experience in software development including 4 years in Japan with Nippon Steel. Past projects include managing development teams creating manufacturing management systems, CRM, electronic medical records system, tracking system… for Japanese clients. He has a degree from Ho Chi Minh City University of Science.