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Bank of Lithuania calls for proposals to develop a blockchain platform

19 martie 2018

Software developers from Lithuania and around the world are welcome to submit their proposals for the development of LBChain, a service-based blockchain platform introduced by the Bank of Lithuania.

”Software developers have already shown considerable interest in LBChain. Created by a financial market regulator, it is one of the first platforms of its kind, offering a unique chance for businesses to trial and implement their state-of-the-art fintech innovations to bring benefits to both consumers and the financial system,” said Marius Jurgilas, Member of the Board of the Bank of Lithuania.

”The Bank of Lithuania has already launched its pre-commercial procurement and issued a call for tenders to develop the LBChain platform-service. The project is expected to enter its implementation stage in the summer, accelerating the development of FinTech businesses and reinforcing their eagerness to set up in Lithuania.”, according to the press release.

The LBChain platform would help Lithuanian and international companies gain knowledge and carry out blockchain-oriented research, thus adapting and testing blockchain-based services in the financial sector.
Development of a FinTech-conducive regulatory and supervisory ecosystem as well as innovation fostering in the financial sector is one of the Bank of Lithuania’s strategic directions.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?