Azerbaijan News

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.

A Central Bank of Azerbaijan official says a blockchain-based digital ID system will be adopted in the Q1 2020.

A Caucasian nation is on the path to digital transformation, and blockchain-powered identification system is one of its cornerstones.

The latest move cements blockchain’s position in state business following interest from various authorities.

Central bank issued digital currencies are too “risky and dangerous,” according to the first Chairman of the Central Bank of Azerbaijan.

Azerbaijan’s justice ministry is interested in reducing “falsification” with the use of blockchain technology.

IBM and Azerbaijan’s central bank will reportedly cooperate on implementing blockchain as part of a five-year program for the digital transformation of the economy.