This African Island To Move Its Operations on Blockchain platform

A South Korean blockchain company has struck a deal that will see it provide fintech solutions to the government of Mauritius.

The East African island nation is looking to modernize its operations, and has charged a state owned company, State Informatics Limited SIL with digitizing its government and financial services operations, as well as the countrys educational institutions, port operations, utilities and transport network.

Per South Korean media outlet Digital Daily, SIL is now keen on applying blockchain technology, and has sought assistance from Locus Chain Foundation, a South Korean owned company established by a former gaming professional. The company like dozens of other South Korean cryptocurrency and blockchain ventures is based in Singapore. The South East Asian city state, unlike South Korea, permits initial coin offerings ICOs, and has drawn in dozens of South Korean ICO refugees.

warm