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Bank Of Lithuania Reveals Plans For Future Cross-Industry Blockchain Platform
Summary: The Bank of Lithuania (BoL) has revealed its long-term plans to build a blockchain platform for use outside the financial services sector. On Tuesday, the central bank’s blockchain-based sandbox, LBChain project, completed its third and final stage. In the wrap-up meeting afterwards Andrius Adamonis, BoL’s blockchain project manager, stated that the bank is looking to ...
The Bank of Lithuania (BoL) has revealed its long-term plans to build a blockchain platform for use outside the financial services sector.
On Tuesday, the central bank’s blockchain-based sandbox, LBChain project, completed its third and final stage. In the wrap-up meeting afterwards Andrius Adamonis, BoL’s blockchain project manager, stated that the bank is looking to eventually move past LBChain to create a future “LTChain” with non-financial applications.
This future LTChain would see the bank working with other public institutions and trying to attract start-ups from non-financial sectors, such as energy, healthcare and transportation.
By Ramsey Baker
Tags: Andrius Adamonis,Bank Of Lithuania,BoL,LBChain,LBChain Project,LTChain
Link: Bank Of Lithuania Reveals Plans For Future Cross-Industry Blockchain Platform [Copy]
