Bankex, the premier provider of tokenization and securitization services, and Digital Trust Fund, a foundation established to support and develop Uzbekistan’s digital economy, partnered to bring fintech solutions – namely blockchain – to Uzbekistan at the state level.
Uzbekistan’s Digital Trust Fund signed a memorandum with BANKEX to facilitate the introduction of blockchain technology to all government agencies in Uzbekistan in order to minimize the potential for human error and to preclude corruption.
“The present memorandum is directed at establishing a legal framework on which the parties can base the mutual cooperation necessary to ensure the quality as well as the qualified undertaking of tasks assigned to the parties,” says the memorandum.
The parties also agreed “to study the prospects for the introduction of innovative technologies, including blockchain technology” as well as to “exchange all necessary information and work experience, including through mutual internships and consultations.”
The collaboration will also involve holding joint educational events including workshops, seminars, round tables, and conferences about the principles of the development of the digital economy and the advantages of blockchain.