Vila Vanuatu CurrencyVanuatu Vila Currency
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We will take Blockchain and new technologies to Vanuatu.
Thursday, March 15, a group of overseas investment officials before the members of the Parliament of Vanuatu their new commercial initiative, which according to them will help Vanuatu to evolve its finance and IT infrastructure in the virtual world. The Vanuatu National Currency Research Institute was founded by a group of institutional and private equity firms during the formal meeting and the Vanuatu National Stock Exchange was presented - a venture to be started in the new year.
The President of the Tai Group, Danny Deng, told the members of parliament about the Blockchain technique. At the Vanuatu Convention Center, the ceremonial event featured addresses by Deputy Prime Minister Natuman and Minister of Finance and Economic Management, Gaetan Pikioune. Mr Natuman, on the government's authority, formally agreed to create the Vanuatu National Digital Currency Research Institute and underlined the government of Vanuatu's endorsement of this work.
"I' d like to thank you and your collegues for having come to Vanuatu and founded these businesses. We' ve spent a great deal on ICT in Vanuatu, infrastructures and connections. "BLOCCHAIN is a new kind of technique, and many of us don't know what it is.
But, of course, Vanuatu is part of the worldwide market, and we need to be up to date with what is going on in the market around us, and we welcome new technology to do that. "Mr Vanuatu appreciates all kinds of investment with the aim of developing our economies and I wish your enterprise well," said the Deputy Prime Minister.
"In recent years, some nations of the globe have introduced block chain technologies. Estonia, which is defined as an "e-nation", is one of the states we are talking about today in connection with the block chain. They have used block chain technologies to build one of the most progressive digitized companies in the business community.
We think Vanuatu can do it, so we are here today," says Karim Berrada, Senior Business Development Manager of CK Group. "It is a concept that emerged a few years ago when Estonia chose to switch a number of operations to the electronic net in order to streamline its infrastructure and move the state forward," added Karim Berrada.
"What will the Vanuatu National Digital Currency Research Institute do? I have been supporting the block chain in China for two years. We' ve already trained 1000 block chain pros and they are all good in different areas," said Danny Deng, President of the Tai Group, in his address.
"You may ask yourself - what is Logchain? The block chain is a new technique that splits the center point into distributive knots. We now have a federal administration, a key point - a banking institution that holds everyone's cash and records all deals between us. However, the block chain technique is breaking the center point into many distribution points.
Anyone can do direct trade with each other. "Little states like Vanuatu are susceptible to catastrophes. Implementing the block chain will enable these nations to keep their IT infrastructures secure in the event of such catastrophes. That is one of the goals of this technique - it can make the infra-structure very robust.
The other point is that the block chain can link us to the internationaleconomics. Every large economic system is heading for the block China. "All countries want to use the block chain to speed up developments. Vanuatu is a very important South Pacific state. Having combined the block chain with Vanuatu, the Vanuatu will know the rest of the world," said Danny Deng.
In the context of the launch of this initiative, 52 laptop computers were presented to members of the Vanuatu parliament, together with the 8. to the Vanuatu government. International investment said that this contribution will help the government's technology advancement. It is not the first time that these technology, which have become globally acclaimed after the sharp increase in value of the beloved "crypto currency" Bitcoin and a number of other counterfeit currency, have been brought to Vanuatu.
In October 2017, the government permitted scammers who operated under the deceptive name of Vanuatu Information Centre to make a bogus statement that Vanuatu began to embrace Bitcoins for his nationality around the state.
In January 2017 it was already known that the creators of the Lithuanian "cryptocurrency bank" Bankera took over the Vanuatu-based Pacific Private House from its proprietor Vilius Kavaliauskas. Bankera's takeover of Pacific Private in Vanuatu enables it to obtain an offical licence for a small disputed start-up with a dubious outlook.
In the opinion of finance professionals, Bankera's crypto-currency lending activities and deals under the Pacific Private Banks licence could further endanger Vanuatu's finance industries and banks. Meanwhile, several other Pacific nations are also trying to profit from the crypto currency finance balloon. Marshall Islands will probably be released this year, say officers.
It will make an offer and the exchange will be authorised for trading in the currency.