EMURGO Kick Starts New ‘blockchain task force’ with Uzbekistan’s NAPM & KOBEA Group

EMURGO, Cardano’s official blockchain arm has just recently announced the formation of a “strategic blockchain task force” with the government of Uzbekistan’s National Agency of Project Management [NAPM], Infinity Blockchain Holdings and the KOBEA group.

In the official blog post published by EMURGO, it showed that the company is going to be spearheading the development of the legal framework for security token offerings and security token trading in the nation. EMURGO’s latest announcement further went onto state:

“By providing advisory services, EMURGO will expand the framework and business units along with the task force and pursue the potential of Cardano’s third generation blockchain in infrastructure projects.”

On top of this, EMURGO and KOBEA are also going to be able to provide the needed assistance blockchain learning, digital asset banking and so on.

The CEO of EMURGO Group, Ken Kodama added the following, after the development:

“Uzbekistan is more willing than ever to adopt innovation. It is a great honor to work closely with state governments to support the adoption of blockchain technology. We are pleased to be able to provide advisory services to the Uzbek government, build education and academy services at Uzbek universities, and support the development of future professionals for building a blockchain infrastructure.”

The company that pushes the Cardano ecosystem has said that such an agreement is basically the initial step towards providing solutions for security tokens and a digital asset base in Uzbekistan.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!