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MAJURO, Marshall Islands – (BUSINESS WIRE) – January 10, 2019 – The Republic of the Marshall Islands announced today that the blockchain expert Steve Tendon advises and assists the country in the drafting, designing and issuing of SOV, the digital legal tender of the Marshall Islands and the economy that flows around it.
"With Steve working alongside Neema, we are approaching every day to support the Marshall Islands with the issue of the first digital legal tender currency and the launch of a financial services economy around," he said. the dott. Peter Dittus, Chief Economist for SOV. The dott. Dittus is the former general secretary of the Bank for International Settlements (BRI).
The Marshall Islands are working to issue their digital currency in order to address the environmental and financial challenges facing as a small and vulnerable island in the Pacific. By opening their islands to the entire blockchain economy, the Marshall Islands intend to become a cryptogene power plant, linking the blockchain with traditional banking services.
"Steve is one of the leading experts in blockchain technology and regulations," said Dr. Dittus. "Steve will assist in drafting and designing regulations for developing a blockchain financial services economy from the Marshall Islands," added Dittus.
The SOV is the first decentralized digital currency to have legal tender of a sovereign nation. Once issued, the SOV will become part of the US dollar as the official currency or legal tender currency of the Republic of the Marshall Islands (RMI).
Based on blockchain technology, SOV is a decentralized digital currency that enables rapid and cost-effective global transactions to prevent abuse by bad actors.
More on Steve Tendon:
Steve Tendon is the CEO of TameFlow Consulting / ChainStrategies (https://chainstrategies.com), a consulting firm that provides research, analysis and strategic development for companies that need to adopt or switch to blockchain technologies.
Senior consultant, consultant, speaker and author, Steve's research and consulting work focuses on the use of emerging technologies, particularly on blockchain technologies, to improve business performance.
In 2016, Steve was a strategic advisor to the Ministry of Economy, Investment and Small Business (MEIB) of the Maltese government, developed the vision of "Blockchain Island" and designed the national strategy of Blockchain of Malta (approved by Unanimity from the Council of Ministers in April 2017). Subsequently, he was appointed Strategic Lead for the National Blockchain Task Force of Malta, advising the Prime Minister's Office for Financial Services, the Digital Economy and Innovation (FSDEI) on the implementation of the blockchain strategy of the country.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20190110005574/en/
CONTACT: Contact with the media:
Jackie Zupsic
KEYWORD: MARSHALL ISLANDS AUSTRALIA / OCEANIA
INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE FINANCE PROFESSIONAL SERVICES
SOURCE: Neema Technologies Inc
Copyright Business Wire 2019.
PUB: 01/10/2019 12:27 PM / DISC: 01/10/2019 12:27 PM
http://www.businesswire.com/news/home/20190110005574/en
