Invest Cyprus, the national investment partner of the Republic of Cyprus, the VeChain Foundation and CREAM, a U.S. registered legal entity, signed an agreement of strategic cooperation, the essence of which is cooperation in the field of Blockchain technologies and related use cases.
The VeChain Foundation and CREAM will set up a joint venture in Cyprus that will contribute to the development and implementation of Blockchain solutions. To promote the new digital era, both sides will make proposals for the necessary reforms in the country that will allow the Blockchain to become the basic infrastructure for operations and financial services.
The companies will work together to implement several investment strategies at the national level, including the development of technology and the economy. This cooperation will allow demonstrating ways of real use of the Blockchain in financial services, investments and economic reforms, which are turning into many other aspects of society, in the context of public policy.
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