Unconfirmed: IBM, Azeri Central Bank Cooperate on Blockchain Development, Local

[Crypto]

Unconfirmed: IBM, Azeri Central Bank Cooperate on Blockchain Development, Local Media Report

IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9.

Trend News Agency is an established news service provider spanning the Caucasus, Caspian region and Central Asia, with dedicated news platforms in Azerbaijani, Russian, Turkish and Persian, alongside an English-language platform

The agency states that the director of the Information Technology Department at the CBA, Farid Osmanov, revealed news of the five-year program for the digital transformation of the economy at the Azerbaijan-Germany Business Forum on Energy and ICT in Baku earlier today.

Osmanov reportedly said the central bank will be cooperating with IBM specifically on blockchain, adding that the transformation program would be “fairly large,” and fork in two directions:

Readmore: IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9.

Trend News Agency is an established news service provider spanning the Caucasus, Caspian region and Central Asia, with dedicated news platforms in Azerbaijani, Russian, Turkish and Persian, alongside an English-language platform

The agency states that the director of the Information Technology Department at the CBA, Farid Osmanov, revealed news of the five-year program for the digital transformation of the economy at the Azerbaijan-Germany Business Forum on Energy and ICT in Baku earlier today.

Osmanov reportedly said the central bank will be cooperating with IBM specifically on blockchain, adding that the transformation program would be “fairly large,” and fork in two directions: