The Wall Street Blockchain Alliance or On April 23, the WSBA announced that the PoS evidence from the cryptocurrency platform Algorand had joined its alliance as a company member.
According to the post office, Algorand works with many finance and technology companies that work with the WSBA. Your goal is Use the potential of blockchain technology for the financial markets.
The introduction of blockchain in the area of financial markets
The announcement was praised by Ron Quaranta, President of the WSBA. He explained that the technology offered by Algorand meets the standards that Allianz is trying to strengthen, the introduction of blockchain across the financial markets.
The comments he made are:
“Algorand was founded by the world famous computer scientist and Turing award winner Silvio Micali, whose work is at the center of modern cryptography. He presents pure evidence for the application technology without permission, which will be crucial for the development of a decentralized economy and without limits”.
Along the same line, W. Sean Ford, Algorand’s chief operating officer, emphasized that the WSBA is taking a “unique approach” by bringing industry leaders together.
Regarding his participation in the alliance, Ford said:
“With the recent accelerated introduction of central bank open finance, traditional finance and digital currency initiatives, Algorand is able to offer Alliance members a new perspective. I look forward to our engagement with this prominent group.” .
Algorand’s current drive in the blockchain industry
Recently the platform Algorand has gained popularity in the blockchain ecosystem.
Cointelegraph reported on March 16 that the investment company Blockchain, Eterna has teamed up with Borderless Capital to launch Eterna Borderless Venture Studio. The aim of this study is to support projects on the Algorand platform.
The announcement is intended to promote acceptance and growth by providing resources for decentralized application developers and entrepreneurs.
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