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Aventura, Florida, July 22, 2021 (Global News Agency)-Life Clips, Inc. (OTC:limited liability company) (“Company” or “Life Clip”) announced today that Belfrics Tanzania has completed an awareness creation and knowledge sharing seminar to discuss its blockchain solutions with the Tanzanian government. The conference was hosted by Dr. Faustine Ndugulile and the topic was “Blockchain Technology: Opportunities and Risks”. Dr. Faustine Ndugulile is the Minister of Tanzania’s Information and Communication Technology Commission and has been a member of Parliament since 2010. The meeting included members and members of the Tanzania Information and Communication Technology Committee; the Bank of Tanzania, the central bank of the United Republic of Tanzania; the Capital Markets and Securities Authority; the Tanzania Communications Regulatory Authority; the Tanzania Revenue Authority; the Tanzania E-Government Authority, as well as some academic institutions And private sector representatives.
Robert Grinberg, Chief Executive Officer of Life Clips, said: “Although Tanzania may seem irrelevant to American investors, it is the largest and most populous country in East Africa. Tanzania has achieved this with its wealth of natural resources. High growth rate, GDP growth in 2009-17 averaged 6%-7% per year. Tanzania has transitioned to a market economy, but the government has retained a presence in the fields of telecommunications, banking, energy, and mining. From the relationship between some large technology companies Thinking that with the U.S. government, it becomes clear that we are passionate about the relationship between Belfrics and the Tanzanian government.”
Belrium is the global blockchain technology of the Belfrics Group. It is one of the only blockchains with a strict financial framework to ensure data security, which is very important to government authorities. Belrium will not process any unauthenticated wallet transactions on its public blockchain. A private blockchain called BKVS (Belrium KYC Verification System) acts as an authenticator for public wallets. Due to its anonymity, public blockchains have traditionally been difficult to adopt by various regulatory agencies. On the other hand, Belrium has been silently gaining attention due to its unique combination of private and public blockchains.
Praveen Kumar, CEO and Founder of Belfrics said: “The Tanzanian government represents a…
The full story on Benzinga.com
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