Blockchian Payment Platform Launched By Mongolia’s Capital City

Blockchain, News | January 14, 2019 By:

The city of Ulaanbaatar, the capital of Mongolia, has teamed with South Korean blockchain project Terra to launch a blockchain payment system.

Ulaanbaatar, Mongolia’s largest city, is the country’s cultural, industrial and financial heart, the center of Mongolia’s road network and connected by rail to both the Trans-Siberian Railway in Russia and the Chinese railway system.


Blockchain Payment System For Govt Entities Developed By Dubai’s Department Of Finance

Blockchain, News | September 24, 2018 By:

The Dubai Department of Finance (DoF) has teamed with the Smart Dubai Office (SDO) to create a blockchain payments processing system for government entities.

Called “Payment Reconciliation and Settlement” system, the new platform is intended to allow greater accuracy and real time processing of financial interactions between the DoF and other government agencies.