LONDON, June 12, 2020 /PRNewswire/ — L3COS, the one recognized blockchain platform for the regulated digitalization of economies, immediately submitted its proposal to the Financial institution of England to construct the world’s first regulated blockchain-based working system.
The Financial institution of England is one in every of a number of sovereign authorities, together with the US Treasury, which have begun the method of investigating the applying of regulated blockchain applied sciences. These will present these establishments with quick, safe and clear technique of fee in addition to efficiencies of administration.
The L3COS proposal is in response to a printed session paper from The Financial institution of England on ‘Central Financial institution Digital Forex – alternatives, challenges and design’.
L3COS has developed distinctive triple-layer consensus know-how and is the primary blockchain platform on the planet to supply particular person authorities the chance to control digital economies in a verifiable and authorized method. It upholds the autonomy and sovereignty of particular person authorities in a regulated and legally compliant type whereas being immutable, totally auditable, traceable, and clear, making fraud, cash laundering or different black-market financing inconceivable.
Zurab Ashvil, Founder and CEO, L3COS: “Blockchain is a tried and examined know-how, with over 40% of S&P 500 firms utilizing it to extend efficiencies and scale back prices. Now central banks and governments are taking a look at how this know-how can work for them.
“We imagine that L3COS’s distinctive triple-layer consensus know-how is probably transformative for digitalised economies, empowering governments for the primary time to control digital economies whereas offering safety and legitimacy to transactions.”
Notes to Editors:
US primarily based L3COS permits the digitalization of society’s transactions, making certain they’re quick, secure, verifiable, regulated, clear, environment friendly and authorized. Utilizing its distinctive triple layer consensus system, it permits Sovereigns to digitalize transactions quicker, extra successfully, with larger transparency and stronger safety. Its blockchain know-how is immutable, totally auditable, traceable, and clear, making fraud, cash laundering or different black-market financing inconceivable. L3COS brings the advantages of blockchain to the broader economic system, firms and people for the primary time.
About Zurab Ashvil
Since 2013, Zurab Ashvil, along side over 1,200 builders from world wide, has been growing L3COS (Degree three Consensus Working System) the primary blockchain primarily based working system that has been developed at enough scale and pace to satisfy the rising wants of central banks world wide. Zurab Ashvil is a serial tech entrepreneur who spent greater than a decade at Softbank between 1995 and 2006, the place he gained awards from Microsoft, Dell and EMC. As early as 1998 he was advising on Distributed File Programs design for Home windows 2000: the premise of the Cloud.
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