Innovecs Opens Blockchain R&D Center in Ukraine

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US technology company Innovecs has opened the first Blockchain competence center based on outsourcing technology company in the Ukraine. Innovecs will develop new and integrate existing financial and technological solutions and services on the basis on Blockchain for global clients.

The Blockchain R&D center is physically based in Kyiv, Ukraine.

“Today we are actively building up relationship with US and European product companies that work with Blockchain technology. Moreover, acceptance of bitcoin payments allows us to talk the same language with our clients, – tells Innovecs CEO & Co-founder Alex Lutskiy. – Setting-up the Blockchain research and development center in Innovecs gives new technological opportunities not only on the level of world corporations but also on the country-wide level.”

“Technological solutions will aid the financial sector and the machine of government to become “healthier” and more efficient: replacing the human factor with a technology, we exclude a third-party influence and provide absolute data transparency and security, – says Michael Chobanyan, VP, Blockchain technology & Fintech business at Innovecs, – Decision to accept bitcoin is also a logical step: Innovecs is specializing in Blockchain technology systems development, and among our potential clients are the biggest bitcoin startups. Payments in cryptocurrency are familiar and clear for them.”

Ukraine has a great potential in Blockchain technology development because of the strong engineering basis of IT specialists. According to the information provided by Bitcoin Foundation Ukraine, Ukraine is one of top 10 countries in the world by the number of the global Bitcoin network users.

Innovecs has also joined the list of global companies accepting bitcoin as a payment for services. It became possible with the help of BitPay.

 

A lot of companies and even governments are investing in Blockchain technology and fintech solutions development and research. The UK government plans to spend £10 million on Blockchain and distributed ledger technology research. Besides that, such financial leaders as: Citigroup, Barclays and UBS are creating and testing their own crypto-currency, which proves that banks are interested in this technology. Also Visa, global credit card processing firm, starts to work on Blockchain Tech in its Innovation Labs.

More about products and services of Blockchain technology & Fintech business unit, you can learn following the link http://www.innovecs.com/blockchain.

Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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