CariNet envisions to implement Blockchain for the development of digital finance and free trade system 6624
Akriti Mathur
Apr 19, 2018 at 4:42 PM

Carribean countries are gradually accepting Blockchain for their financial development with its rapid expansion amongst various countries. 

CariNet, a digital finance and free trade system has been launched by the Caribbean Free Trade Zone. CariNet will builds its own digital payment system. Members of Carribbean Free Trade Zone will have a proper digital finance infrastructure. The payment and infrastructure system will aid in the building of a global trading platform. The following steps will help the Carribbean Free Trade Zone to elevate the Carribean countries to new level of Blockchain developments in it. Consequently, the blockchain developments will result in the creation of global financial centre and a free trade centre. 

The 15 members of the Caribbean trade zone will work as a common entity. The common entity or one national node will keep a check on the transactions in the blockchain digital clearing system.

The CEO of CariNet is an honorary member of Canadian banker association is Vere Hill. The chairman of the company Charles Xue is also an angel investor. The pre-investor and advisor of the company is Frank Zheng. Many core team members are financial executives in the company. Many international blockchain organizations, world confederation of free trade areas and Caribbean blockchain research institute will be the pillars in the development of CariNet as partners.




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