Bitfury Collaborates With Kazakhstan’s AIFC For Blockchain Implementation Across Multiple Industries

Bitfury Collaborates With AIFC For Blockchain Tech Implementation Across Multiple Industries

  • AIFC and Bitfury will create new crypto/blockchain startups together.
  • New data centers will be launched in Kazakhstan by Bitfury for greater exposure for the technology.

Blockchain technology is a revolutionary gift that the cryptocurrency market has brought along with it. Bitfury, a blockchain tech giant, is deciding to embark on a new mission to apply the tech to various industries. To make this goal into a reality, the company has partnered with major Kazakhstan-based financial hub called the Astana International Financial Centre (AIFC).

The announcement was released by The Astana Times on May 21st, reporting that the blockchain expertise of Bitfury will be used by AIFC in the creation of new projects and promoting startups globally. In turn, Bitfury will be bringing new data centers to Kazakhstan that will increase exposure of their efforts. Bitfury will be coordinating with the Nur-Sultan administration for the city and will help with the development of distributed ledger technology. Ultimately, the blockchain firm hopes to create courses that will teach aspiring engineers and developers to work with the technology, using the AIFC Bureau for Continuing Professional Development as a platform.

The head of Kazakhstan for the Bitfury Group, Timur Bairov, noted that there has already been a major commitment from the blockchain firm to promote “equal access to technology,” as well as education through the blockchain. AIFC has been the financial hub for multiple regions, including Europe, Mongolia, Western China, the Middle East, the Eurasian Economic Union, the Caucasus, and Central Asia.

Just last month, Bitfury chose to partner with an investment firm in Switzerland, aiming to create a Bitcoin mining fund that would cater to institutional investors. The platform already has regulatory approval for the fund.

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