American
technology company Innovecs and one of the founders of Bitcoin Foundation
Ukraine Mykhailo Chobanyan pool efforts to develop Blockchain solutions for the
public sector and international business
American technology company Innovecs and a famous
peer-to-peer payment system expert have opened the first Blockchain competence
center in the technology company. Thus, Innovecs will develop new and integrate
existing financial and technological solutions and services on the basis on
Blockchain for global clients.
Clients all over the world have made active usage of
the Blockchain technology. Peer-to-peer payment system Bitcoin was created on
its basis. According to the information provided by Bitcoin Foundation Ukraine,
Ukraine is one of top 10 countries in the world by the number of the global
Bitcoin network users.
This technology is the safest one in the area of data
storage and transmission and is being actively developed in the banking sphere.
It can also be efficient against corruption in the public sector which is vital
for Ukraine nowadays.
"Setting-up the
Blockchain research and development center in Innovecs gives absolutely new
technological opportunities not only on the level of world corporations but
also on the country-wide level. Mykhailo Chobanyan, an expert in the sphere of
crypto-currencies and peer-to-peer payment systems, namely, Bitcoin, will be
engaged in research and development of Blockchain technologies. I am sure that
his industry expertise and our technological one will produce excellent
results, - comments on the event Alex Lutskiy, Innovecs Co-Founder and CEO. –
In the nearest future we plan to connect Ukrainian banks to the internet
protocol Ripple which will cryptographically secure financial transaction data
and will allow to reduce the costs and speed up payments due to the system
openness and absence of mediators."
Implementation of the technology will also facilitate
the development of an electronic government in Ukraine.
"Technological
solutions will aid the financial sector and the machine of government to become
"healthier" and more efficient: replacing the human factor with a
technology, we exclude a third-party influence and provide absolute data
transparency and security," says Michael Chobanyan, VP, Blockchain
technology & Fintech business in Innovecs and the founder of Bitcoin
Foundation Ukraine.
In 2015, the government and the Central Bank of
Singapore appropriated USD 166 mln. for the financial sector development and creation
of the Blockchain decentralized database. Besides that, such financial leaders
as: Citigroup, Barklays and UBS are creating and testing their own
crypto-currency which proves that banks are interested in this technology.
Ukrainian banks have an immense potential for the development and
implementation of Blockchain.
About Innovecs
Innovecs is an American business technology
outsourcing company headquartered in Ukraine.
We focus on design and development of turnkey
innovative software solutions for worldwide customers. We create advanced
products and work on complex projects requiring highly qualified experts and
non-standard engineering solutions.
At Innovecs, we believe in the power of true
partnership – and it typifies the Innovecs brand. We are proud by the fact that
our clients rely on us in creating absolutely new and often revolutionary
software products from scratch. We work closely with our clients to ensure that
the products they want are the products we deliver – every time – and that we
routinely exceed expectations. To learn more about us please visit: www.innovecs.com. Also follow us in Facebook, Twitter.
Contacts for press:
Liuka Lobarieva
cell
+38093 985 31 04
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