One of the biggest blockchain and technology investors meet will be held at Holiday Inn Doha, Business Park, Qatar during March 26, 7:00 PM – 9:00 PM. Belrium, a sophisticated utility-backed Blockchain and world’s first KYC compliant blockchain smart-money concept will be exhibited at the event, which has tremendous potential to impact services and businesses.
Belrium Mainnet, a state of art KYC compliant blockchain has been launched by Belfrics Group, a global blockchain technology firm that runs Fiat-crypto exchanges across 10 nations.The founder of Belfrics, Praveenkumar said, “Our Belfrics Exchange itself is the first user of the Belrium blockchain as the traditional KYC verification system of the exchange will be replaced by Belrium blockchain verification.”
Belfrics Kenya, a subsidiary of Belfrics Global, is eyeing on reforming the blockchain with the introduction of a KYC-compliant Belrium public-private blockchain to bring transparency to the regulators and institutions that embrace the technology. The chief of Business Development of Belfrics Kenya, Djibril Wachiye stated, “Any transaction that happens on the Belrium Blockchain has a legal identity.”
The Belfrics blockchain company has unveiled the first KYC-compliant blockchain called Belrium. It is aimed to decentralize and develop transparent KYC compliance. The Belrium is a combination of both private and public blockchain. The blockchain is to support the government and companies in lessening the customer on-boarding time and ease the compliance procedures.
The Belfrics Global Technology has been established in Nigeria soon after the launch in Kenya. The company is set to offer products and services to the virtual currency industry. Praveen Kumar, the Chairman and CEO of Belfrics Global detailed on the blockchain technology and quoted, “It brings transparency and eliminates corruption.”
Andhra Pradesh has revealed that they had entered into a Memorandum of Understanding (MoU) with Belfrics Global. The association is aimed at the application of blockchain tech in government functions and also the establishment of an academy in Vizag with the Gitam University. The government would integrate the tech in the various service sector. Belfrics eyes to recruit 100 blockchain experts.
Belfrics Global, the cryptocurrency technology provider based in Malaysia, had received a sandbox license from the Central Bank of Bahrain to open and operate a cryptocurrency exchange in the Arabian Gulf nation. The Chairman and CEO of the company, Praveen Kumar Vijaykumar excitedly stated that the license “provides access to a $50 billion digital transaction market in MENA region alone”.