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Pundi X and Borghese Ventures enable blockchain technology rollout in Cyprus

SHENZHEN, China, Nov. 9, 2019 /PRNewswire/ --ASingapore-based blockchain technology developer Pundi X and Cyprus-based artificial intelligence firm Borghese Ventures have signed a Memorandum of Understanding (MoU) to explore the implementation of blockchain technology for private and public sectors based in Cyprus. The signing on November 9th was witnessed by H.E. Mr. Demetris Syllouris, the President of the Parliament of the Republic of Cyprus in Shenzhen, China.
Pundi X and Borghese Ventures enable blockchain technology rollout in Cyprus
With the MoU, Pundi X and Borghese Ventures will jointly establish a committee to explore and evaluate the feasibility of possible blockchain-related projects that they will roll out to assist Cypriot businesses as well as the government. A Cypriot entity will be set up to explore the feasibility of implementing blockchain technology solutions and a blockchain-based payment network across Cyprus powered by Pundi X technology."Having already signed the European Blockchain Partnership, the Government of the Republic of Cyprus is firm in its stance on ensuring wider deployment of blockchain-based services as an innovative technology that can improve the lives of our communities, in full compliance with EU laws," said H.E. Mr. Demetris Syllouris, the President of the Parliament."We welcome the collaboration between Pundi X and Borghese Ventures, and we look forward to how their services will help and improve the transparency and efficiency of our businesses in the near future. Through such partnerships we contribute to sustaining the competitiveness of the European Union within the international arena."
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