Blockchain Office, Isle Of Man Sandbox And Seed-to-Sales: New Blockchain Technology Developments

The Isle of Man is a self-governing British Crown dependency who has declared the launch of an Isle Of Man Blockchain technology Sandbox along with a Blockchain Office formation.

The Sandbox will be used for cross-border testing. It will gain profit from future participation. Sandbox applications will be open from March 2019. It is stated that those people will not be charged fees for the provided facility who will participate at the early stage. These applications will enable these participants to develop and test blockchain platforms.

The Office will facilitate a relationship between businesses and regulators, encourage a relationship between companies, provide expertise, guidance and marketing support, and help businesses with design and future-proof concepts which will act as per the relevant legislation and regulation. It will be fully operational from this spring. It is the gateway to participate in the Sandbox.

The self-governing British Crown dependency wants to become a global blockchain business hub. The authorities of this island stated that they will provide businesses with the best opportunities to use Blockchain technology, rather than isolation.

The chief executive of Digital Isle of Man Lyle Wraxall said, “We are looking to attract premium blockchain businesses and the world’s top exchanges to the Island, and we will be creating new tech-agnostic regulation inspired by best practice that we’ve seen from other high-quality jurisdictions around the world,” reported FStech.

The Sarasota-based developer of enterprise blockchain platforms LevelBlox has signed an agreement with the fully integrated and science-based Florida company AltMed Florida in order to develop a Seed-to-Sales Blockchain Application with the main aim to help this company with monitoring and tracking of the overall growth process for compliance and maximizing yield.

Software Asset Management SAM license reconciliation and audit solutions are created using Blockchain technology in order to build a strong collaboration with software vendors and their customers with the main objective to mitigate or eliminate the cost of license audits, compliance, legal, double spending, true-ups and the need for aggressive and litigious hard audits, reported Business Wire.

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