Blockchain Platform Fantom Witnesses Huge Growth Across Asia

Fantom, a blockchain platform that ensures security, scalability and speed has seen exponential growth over the last six months, attracting the attention of global leaders on every corner of the planet.

Fantom sees thousands of users utilising daily for a variety of purposes, including information security and crypto-currency transactions.

The platform prides itself on it’s high-performance, scalability, and secure smart-contract platform, specially designed to overcome the limitations of previous generation blockchain platforms.

The system is fully permissionless, decentralized, and open-source, and aims to provide users with one of the most reliable and innovative blockchain systems available on the market anywhere in the world.

One region of the globe that has seen the most monumental growth is Asia, with a growing list of nations and their governments enlisting the help of Fantom to bring their systems into the 21st century.

A great example of this is the central-Asian nation of Pakistan, which has seen agreements signed with Fantom in various areas of government, from the prison system all the way to a legislative assembly.

Fantom has partnered with the Pakistan Punjab Prisons Department to create custom blockchain Enterprise Resource Planning (ERP) software, which will allow the immutable auditing of company data.

Fantom’s platform is also being seen at the heart of government, with the group recently signing a deal with Pakistani province Khyber Pakhtunkhwa, or KPK, to digitize KPK’s Provincial Assembly and related government departments. The Pakistan Private Educational Institutions Regulatory Authority (PEIRA) has also signed a partnership with Fantom to implement custom blockchain Enterprise Resource Planning (ERP) software. Fantom will be upgrading PEIRA legacy systems with a blockchain-powered solution enabling database audits and real-time monitoring of changes to the system.

Further north, Fantom has also signed a wide-ranging and exclusive contract with the Republic of Tajikistan’s Ministry of Industry and New Technologies to develop blockchain-based IT solutions.

The contract will see an array of opportunities opened up for the people of Tajikistan, including the establishment of a research and development hub with the initial purpose of training local developers in using blockchain-based platforms such as Fantom.

Other aspects of the contract will see Fantom assess data flows and documentation from the Ministry’s previous legacy system, with the goal to create a customised CRM/MIS system.

The agreement with Tajikistan sets out a framework for possible future work with the company, with talks of opening up a crypto-fuelled digital economy on the horizon for the nation.

Meanwhile, the Afghanistan government has signed along the dotted line on a Memorandum of Understanding with Fantom to upgrade the country’s National Standard Authority.

The Memorandum sets out a path for Fantom to implement its blockchain platform in the country, bringing with it the ability for the authority to have confidence in its database migration and anti-corruption transparency tools.

As well as these agreements, Fantom has also signed a variety of other memorandums to work with Afghanistan on utilising blockchain systems in it’s health, energy, railway, and industry and commerce departments, opening up the possibility for further agreements in the nation.

Over in Ukraine, the government is also dabbling in Fantom’s blockchain technology, signing an agreement with a third-party company who will create a platform on Fantom’s blockchain to manage the nation’s intellectual property database.

Ukraine is one of a handful of nations leading the world in the uptake of crypto-related platforms, and there are continuing discussions on the government implementing Fantom blockchain technology within other government departments.

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