Starting the final stage of the LBChain project: international event to take place in Vilnius
The Bank of Lithuania’s LBChain project has already entered its final stage – FinTech companies and start-ups will soon be able to test their products in the prototypes of this LBChain sandbox.
Therefore, on 9 September 2019, the Bank of Lithuania will hold an international event LBChain progress: midway to success.
Marius Jurgilas, Board Member at the Bank of Lithuania, will provide an overview of financial innovations and explain how they will boost the Lithuanian FinTech ecosystem. Dirk Bullmann, Innovation Team Lead at the European Central Bank‘s Market Infrastructure and Payments Department, will give a speech on the relevance of blockchain, crypto assets and stablecoins from a central banking perspective.
Participants of the unique project run by the Bank of Lithuania will present three blockchhain platform prototypes where six FinTech companies from three different countries have already tested their products, thus contributing to their improvement.
Start-ups and FinTech companies developing blockchain-based financial products will be provided with the possibility to test them in the LBChain platform which will now become wide open to market participants. Everyone interested in the project is invited to apply for participation.
The event will take place at the hub for FinTechs and innovators ROCKIT (Gynėjų g. 14, Vilnius), starting from 10:00 (local time). Registration link can be found here.
About the project
LBChain is a blockchain-based sandbox which combines regulatory and technological infrastructures and allows FinTech companies to test their business solutions in a controlled environment. The platform will enable Lithuanian and international start-ups as well as financial and FinTech companies to gain new knowledge, carry out blockchain-oriented research, test and adapt blockchain-based services and offer state of-the-art innovations to their customers. LBChain is the world’s first-of-its kind platform developed by a financial market regulator (the Bank of Lithuania). The platform is expected to be launched in March 2020.