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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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#Bank of Lithuania #blockchain platform #blockchain-based sandbox

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