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Homepage > News > Business > Zanzibar launches blockchain sandbox for startups Zanzibar’s government is seeking to support blockchain startups and recently launched a sandbox where they can experiment with new products and services before they launch publicly. At the same time, the Vietnamese government has launched a national blockchain strategy with one bold goal: to become Asia’s blockchain hub. Zanzibar launches blockchain sandbox Zanzibar has launched a sandbox for blockchain startups to spur innovation from local companies and attract innovators from neighboring countries. In its announcement, the Zanzibar government welcomed all startups developing solutions on the blockchain and utilizing other emerging technologies such as AI. However, it revealed it would prioritize those solving the key challenges affecting the island region, including financial inclusion, certificate issuance, and identity verification. “The primary objective is to create a conducive environment for the development of cutting-edge technologies, including blockchain, AI, and other emerging technologies. Innovators will have the opportunities to work on pilot projects, collaborate with experts, and receive mentorship from industry leaders, which is very critical,” commented Said Seif Said, who heads the e-Government Authority of Zanzibar, as reported by local outlets. Zanzibar is a semi-autonomous group of islands off the coast of East Africa. With a population of just over 800,000, it has its own government and president but remains under Tanzania’s sovereignty. In mainland Tanzania, the government has been pushing for blockchain adoption in recent years. Earlier this year, it partnered with the African Blockchain Association to educate the citizens about blockchain. Sandboxes have become critical in the development of blockchain applications. They allow innovators more latitude as they develop their products and provide more regulatory clarity as they collaborate with authorities. This month, the European Blockchain Sandbox Initiative welcomed its second cohort, which included 41 watchdogs from 22 EU…

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Filed under: News - @ November 5, 2024 6:10 am