The Proof of Trust, the globally patented smart contract validation and automated dispute resolution technology company, announces it has signed a Memorandum of Understanding (“MoU”) with the Government of Bermuda.
The MoU will enable the Government of Bermuda to explore and develop applications of The Proof of Trust protocol as Bermuda looks to be an early adopter of smart contract technology. The Proof of Trust is working closely with Bermudan officials to equip the government with unparalleled blockchain-enabled technology, designed specifically to improve the connectivity between all governmental departments. This will allow greater efficiency, full digital insights, enhanced transparency, and improved services across all facets of the government implementation.
The Proof of Trust continues to engage with the Government of Bermuda, and other Governments and businesses across the North Atlantic and Caribbean region, to implement their groundbreaking technology which provides assurance of all smart contracts, dispute resolution and data verification.
David Burt, Premier of Bermuda, commented: “The agreement signed with The Proof of Trust is a clear testament to Bermuda’s continued commitment to engaging with innovators. We are encouraged to be moving into a test phase of The Proof of Trust’s protocol where Bermuda will definitively assess the numerous uses of The Proof of Trust product from a government perspective.
“The global pandemic has shown the importance of accelerating adoption of a digital-first approach. Bermuda is committed to being an innovative smart leader and we look forward to updating on our progress with The Proof of Trust this year.”
Dean Armstrong, CEO of The Proof of Trust, commented: “The Proof of Trust is delighted to be making this major commitment to Bermuda. We look forward to continuing to work closely with the Government of Bermuda, as they recognise the uniqueness of our protocol and its numerous applications. The Proof of Trust protocol can be effortlessly integrated into existing legacy systems. What we offer is a fast, secure and scalable solution as the Government of Bermuda looks to become a leader in government technology innovation driven by smart contracts.”
