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Emurgo establishes blockchain task force with Uzbekistan

Image by Emurgo from YouTube

Tue, 21 Jan 2020, 10:38 am UTC

Emurgo, the official commercial and venture arm of the Cardano blockchain project, is setting up a blockchain task force in partnership with the government of Uzbekistan.

In a press release dated Jan. 20, Emurgo announced that it is establishing a blockchain task force with the National Agency of Project Management (NAPM) which is under the Republic of Uzbekistan.

Also on board are KOBEA Group and Infinity Blockchain Holdings which will provide advisory services for developing the legal framework for security token offerings (STOs) and exchanges (STXs) in the country. Emurgo will also provide advisory services for the development of the framework.

“Uzbekistan today, more than ever, is open to innovation. It is a great honor to be able to work closely with the country's government officials to help drive the implementation of blockchain technology. We are glad to provide our advisory services to the Uzbekistan government to build essential blockchain infrastructure & support local universities to train future blockchain experts,” said EMURGO CEO Ken Kodama.

Emurgo was founded in Japan in June 2017. The company promotes the Cardano blockchain through investment and advisory services. It also lends its expertise to the world by providing organizational and personal education services worldwide.

The announcement of Emurgo’s partnership with Uzbekistan came just days after the Soviet Republic announced that they are launching a national mining pool and a licensed cryptocurrency exchange. During a conference last week, the National Agency for Project Management (NAPM) opened up about its crypto trading and blockchain plans for the year. It said that miners who join the mining pool will benefit from lower electricity rates.

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