TRACECA eyes possibility of Turkmen participation in transport pilot with blockchain

By bne IntelIiNews August 23, 2021

Permanent Secretariat of the TRACECA (Transport Corridor Europe-Caucasus-Asia) Intergovernmental Commission (IPC) told Trend news agency that TRACECA hopes that Turkmenistan will participate in the implementation of a pilot transportation project using blockchain technologies.

TRACECA noted that the European Commission has financed 85 projects within the framework of TRACECA since 1993, where Turkmenistan accounted for over 50 projects.

"In 2020, the Permanent Secretariat of the TRACECA Intergovernmental Commission, together with the International Center for Transport Diplomacy, the Intergovernmental Council of Road Builders and IBM Corporation, carried out a lot of work with the involvement of representatives of Turkmenistan to develop the concept of a global transit document, which is a modern, electronic and universal solution for multimodal transportation using blockchain technologies," the commission told the media outlet.

Related Articles

S&P upgrades ratings of Freedom subsidiaries to ‘BB-’

S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more

Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe

Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more

Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment

A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more

Dismiss