Bank of Lithuania Envisions Future Cross-Industry Blockchain Platform
The Bank of Lithuania has revealed ambitious long-term plans to develop its blockchain platform for use beyond the financial services sector.
On May 26, the central bank's blockchain-based sandbox, LBChain project, completed its third and final stage.
In fall 2019, the bank chose IBM and Tieto to proceed as finalists vying to develop the LBChain platform itself.
Their projects include a solution for blockchain-based regulatory reporting, a blockchain platform for green bond issuance, and a blockchain-based digital bank.
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