Cyprus

Shenzhen, China- November 9, 2019, Singapore-based blockchain expertise developer Pundi X and Cyprus-based synthetic intelligence agency Borghese Ventures have signed a Memorandum of Understanding (MoU) to discover the implementation of blockchain expertise for personal and public sectors primarily based in Cyprus. The signing on November ninth was witnessed by H.E. Mr. Demetris Syllouris, the President of the Parliament of the Republic of Cyprus in Shenzhen, China.

With the MoU, Pundi X and Borghese Ventures will collectively set up a committee to discover and consider the feasibility of potential blockchain-related tasks that they may roll out to help Cypriot companies in addition to the federal government. A Cypriot entity will likely be set as much as discover the feasibility of implementing blockchain expertise options and a blockchain-based fee community throughout Cyprus powered by Pundi X expertise.

“Having already signed the European Blockchain Partnership, the Authorities of the Republic of Cyprus is agency in its stance on making certain wider deployment of blockchain-based companies as an modern expertise that may enhance the lives of our communities, in full compliance with EU legal guidelines,” stated H.E. Mr. Demetris Syllouris, the President of the Parliament.

“We welcome the collaboration between Pundi X and Borghese Ventures, and we sit up for how their companies will assist and enhance the transparency and effectivity of our companies within the close to future. By means of such partnerships we contribute to sustaining the competitiveness of the European Union inside the worldwide area”.

Powering Cyprus by means of Perform X blockchain expertise

Pundi X and Borghese Ventures will work collectively to determine points and gaps inside completely different enterprise industries that may be addressed by blockchain expertise. These sectors embody healthcare, regulation, fintech, edtech, transport, land registry, certifications, charity, and lots of extra.

“When processes in these industries are taken to the blockchain, companies could have a safer, extra seamless and extra easy expertise,” stated Joseph Borghese, Founder and CEO of Borghese Ventures. “We’re excited to work with Pundi X, bridging blockchain expertise between Singapore and Cyprus and implementing these options that may have immense advantages for shoppers and residents.”

With its in depth expertise in interfacing with Cypriot companies, Borghese Ventures will survey the market to search out alternatives for blockchain-based options. These evaluations is not going to solely be for personal companies, as Borghese Ventures will even discover how blockchain can enhance numerous back-end processes of the federal government.

On Pundi X’s half, the Cypriot companies will leverage its community of contacts and relationships to offer entry to analysis services and technologists to help within the analysis and execution of Perform X blockchain expertise. The corporate will even set up a dialogue between European and Asian stakeholders of the blockchain sector, which incorporates business specialists, tech builders, and its fellow startups.

Revolutionizing funds

On high of those efforts, Pundi X and Borghese Ventures will even discover alternatives to implement blockchain-powered fee options throughout Cyprus. With Pundi X’s suite of blockchain-powered merchandise, Cypriot retailers will be capable of settle for crypto-asset funds.

Pundi X has already applied blockchain-powered options elsewhere, with retailers throughout 25 international locations now outfitted with the XPOS, the world’s first blockchain-powered point-of-sale system. The corporate will work with Borghese Ventures to discover the feasibility of bringing this mannequin to Cyprus.

“By integrating blockchain expertise into funds, each prospects and retailers can anticipate the next stage of safety and accountability with their transactions,” stated Zac Cheah, Co-founder and CEO of Pundi X. “We will likely be collaborating with Borghese Ventures to onboard extra Cypriot retailers into our world fee community within the close to future.”

Watch the MoU signing ceremony video: https://youtu.be/O7YK4oNdmmo

About Borghese Ventures

Established in 2016, Borghese Ventures creates options powered by synthetic intelligence (AI) for enterprises. It focuses on offering options to 4 key sectors: tourism and hospitality, fintech, edtech, and knowledge analytics.

Amongst its numerous tasks and investments embody Mone365, an AI-powered digital fee resolution; Chalet 365, a luxurious hospitality challenge that highlights environmental sustainability; and Borghese 365 Wine, which produces and distributes premium wines. It is usually rolling out AI-enabled funding expertise to help traders of their decision-making processes.

Headquartered in Nicosia, Cyprus, Borghese Ventures is implementing its options in Europe, Africa, the Center East, and Southeast Asia.

For extra data, please go to https://borghese.io.

We empower blockchain builders and token holders to transact digital property and companies at any bodily retailer on the earth. Telegram: http://t.me/pundix

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