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MAJURO, Marshall Islands – (FILO D & # 39; BUSINESS) – The Republic of the Marshall Islands announced today that blockchain
the expert Steve Tendon is advising and assisting the country with the
drafting, designing and issuing of SOVs,
the digital legal tender of the Marshall Islands and the economy
generating around it.
"With Steve working alongside Neema, we are approaching every day
support the Marshall Islands by issuing the first digital legal tender currency
and the launch of a financial services economy around it, "Chief Economist
for SOV, said Dr. Peter Dittus. Dr. Dittus is the former secretary
General of the Bank for International Settlements (BIS).
The Marshall Islands are working to issue their digital currency into
to address the environmental and financial challenges they face
a small and vulnerable island economy in the Pacific. Opening theirs
islands for the entire blockchain economy, the Marshall Islands plans to
become a crypto-financial powerhouse, which connects the blockchain with
traditional banking services.
"Steve is one of the leading experts in blockchain technology
regulations, "said Dr. Dittus." Steve will assist in the drafting and
planning of regulations to develop a financial services blockchain
economy of the Marshall Islands ", added Dittus.
The SOV is the first decentralized digital currency in the world to be legal
race of a sovereign nation. Once issued, the SOV will become part of the United States.
dollar as official currency, or legal tender currency of the Republic of
Marshall Islands (RMI).
Based on blockchain technology, the SOV is a decentralized digital
currency that allows rapid and economic global transactions avoiding
abuse by bad actors.
More on Steve Tendon:
Steve Tendon is TameFlow's CEO
Consulting / ChainStrategies (https://chainstrategies.com),
a consulting company that provides research, analysis and strategy
development for companies that must adopt or switch to
blockchain technologies.
A consultant, consultant, speaker and senior executive management author,
Steve's research and consulting work focuses on the use of the emerging
technologies – in particular blockchain technologies – to improve
business performance.
In 2016, Steve was the strategic advisor to the Ministry of Economics,
Investments and small businesses (MEIB) of the Maltese government, e
has developed the vision of the "Blockchain Island" and designed Malta & # 39; s
Blockchain national strategy (approved unanimously by the cabinet of
Ministers in April 2017). Subsequently, he was named as the
The strategy leads to the Malta National Blockchain Task Force, advising the
Financial services, digital economy and innovation (FSDEI) Office of the
Prime Minister for the implementation of the country's blockchain strategy.
