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Blockchain Platform Of Russian Blockchain Company Universa Used For Investment Project Management Service Implementation

A blockchain platform of a Russian blockchain company called Universa will be used for the implementation of an investment project management service. Budget funds spending can be controlled fully with this new approach. Money tagging can be possible with the help of distributed ledger technology (DLT). Government grants and investments protection can be done through this money tagging. Tracking of the current spending and the funds balance under the project will be done in no time through the platform. Reports will be generated automatically through the platform. Transparency in an investment can be ensured through the platform.

Universa has made a partnership with a Russian autonomous okrug called Khanty-Mansi Autonomous Okrug. Launching future-oriented projects is a purpose of the partnership. An aim of the partnership is to implement the Digital Economy program. Creating a pilot area related to intellectual digital technologies and services is one more aim of the partnership.

Development of a platform called the multi-language communication platform will be carried out. An aim of the multi-language communication platform is to design and promote tourist routes, hospitality, and tourism facility. Monitoring tourist companies activities and accumulating a “pool of data” are also aims of the platform.

The Chief Executive Officer (CEO) at the blockchain company Universa Alexander Borodich and the General Director at Ugra Development Foundation Roman Genkel signed the agreement.

All tourism market-based players will be combined into a single digital ecosystem through the multi-language communication platform. Tourist products & services suppliers, transportation companies, small & medium enterprises (SMEs), investors, business support foundations, and tourists are the players, Medium reported.

The blockchain company CEO Alexander Borodich is formerly known as “The Most Active Business angel in Russia”. He works in a marketing communication agency called Future Action as the managing partner. CEO Alexander Borodich has invested in 70+ projects, according to the official LinkedIn account of Alexander Borodich.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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