For Press

06/09/2017

Astana International Financial Centre (AIFC) signed a Memorandum of Understanding with Blockchair

Astana International Financial Centre (AIFC) and Blockchair, a blockchain search and analytics company, will collaborate closely in the field of cryptocurrency and blockchain technology. Under the Memorandum of Understanding, Blockchair will support developing of AIFC's Fintech ecosystem and the cashless economy in Kazakhstan.

“The AIFC operates within a special legal regime and such blockchain projects as Blockchair with its exemplary blockchain expertise are our new priority. We are very glad to cooperate with Blockchair, and we hope that they will help us to put our Fintech ecosystem for the use of blockchain technology, cryptocurrency, and cryptoprojects into effect“, said Nurlan Kussainov, the СEO of AIFC Authority.*

“We are excited to be partnering with AIFC. It is an important financial platform interacting with major financial centers around the world and I hope that Blockchair will help to build a reliable Eurasian bridge from traditional finance to cryptofinance in Kazakhstan. We will also do the best we can to assist other talented blockchain projects”, commented Nikita Zhavoronkov, CEO of Blockchair.

            As the Parties noted, cooperation between the AIFC and Blockchair will positively influence the creation of the most favourable conditions and quality infrastructure for the development of the financial technologies market in Kazakhstan. The AIFC plans to become the main fintech hub in the CIS and Central Asia and, thus, to attract more investments in financial technologies field.

Reference: 

AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre of financial services. For the first time in the post-Soviet region, a common law framework will be introduced in the AIFC. English shall be the official language of the AIFC.

The objectives of the AIFC are to attract investment into the economy of the Republic of Kazakhstan through the establishment of an attractive environment for investment in financial services, to develop local capital markets, ensuring their integration with the international capital markets, and develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan. 

Blockchair is a blockchain search and analytics engine or you can also say it's a blockchain explorer on steroids. It currently works with Bitcoin only. It allows to filter blocks, transactions, and outputs by over 60 different criteria, as well as perform full-text search over the blockchain.

Its next priority is to create private APIs for traders which will make it possible for them to integrate blockchain analytics into trading algorithms. It also provides researchers with a way to batch export data from blockchains.