The Ministry of Industry of New Technologies of Tajikistan has selected blockchain platform Fantom to build a blockchain-based economy
Tajikistan, May 7, 2021 /AlexaBlockchain/ – The Ministry of Industry of New Technologies of the Republic of Tajikistan signed an agreement with the Fantom Foundation on April 22, 2021, to use Fantom’s blockchain-based IT solutions to power its e-government infrastructure.
Fantom to build a customized CRM/MIS system to streamline business processes and increase productivity
As part of the agreement, Fantom will initially assess data flows and documentation in the Ministry to build a customized CRM/MIS system that will streamline business processes and increase productivity. As the Ministry tests Fantom’s solution, the two parties will look to establish a Research and Development Hub to train local developers in blockchain-based systems.
Tajikistan Exploring New Technologies To Spur Economic Growth
Since assuming power in 1994, Tajikistan President Emomali Rahmon has worked to reconstruct and modernize the nation. Keen to tap the potential of new technologies to spur economic growth and raise living standards, he has prioritized the digitalization of the country’s information infrastructure.
In 2019, for example, he oversaw significant legislation calling for increased broadband access, the expansion of technology training programs, and the creation of agencies to manage the adoption of digital technologies.
Tajikistan Building a Blockchain-Based Economy, Exploring CBDC For Payments
Fantom and the Tajik Ministry set as their long-term goal a durable public-private partnership in which the R&D hub will expand to serve as a launchpad for the nationwide implementation of blockchain-based data-sharing, transparency, and automation solutions.
The Fantom team will also explore how Central Bank Digital Currencies (CBDC) can revolutionize payments systems and kick-start the digital economy in Tajikistan.