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Sri Lanka’s Cabinet approved the formation of committee that will study the rules and regulations governing digital banking, blockchain, and crypto mining in other nations, as well as methods to prevent money laundering, terrorism financing and other criminal activities related to those technologies. The body will also study Know-Your-Customer processes. Original
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The first private Sri Lankan container terminal, South Asia Gateway Terminals, or SAGT, recently joined IBM and Maersk’s blockchain trade platform TradeLens. It is the first terminal in the country to adopt blockchain technology to digitize its trade processes. In an announcement on July 16, Maersk said the collaboration will help SAGT
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The Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing of bank users’ ID information. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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Sri Lanka's Central Bank wants to use a blockchain system for its bank's 'know-your-customer' protocols. Source
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The United Kingdom-based charity organization Oxfam International announced the success of its blockchain-based delivery system of microinsurance to paddy field farmers in Sri Lanka.In a Nov. 4 press release, Etherisc announced that Oxfam’s blockchain-based insurance system had made pay-outs to Sri Lankan farmers who continue to risk losing their
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Oxfam in Sri Lanka, the organization working to alleviate poverty, revolutionary Blockchain project Etherisc, an InsurTech startup developing a protocol for decentralized insurance applications and Aon plc, the leading global professional services firm providing a broad range of risk, retirement, and health solutions, have succeeded in the delivery of the
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