Bitcoin, Cryptocurrency And Blockchain News

Kazakhstan to Launch a Transparent and Democratic Cryptocurrency

A New Global Currency With Big Ideas


According to the announcement by the President of Kazakhstan (Nursultan Nazarbayev), the crypto space will soon see the addition of a democratic, transparent and asset-backed cryptocurrency from the government of Kazakhstan.

Titled G-Global, the new cryptocurrency-

It will help the world get rid of monetary wars, black marketeering and decrease volatility at markets

said Nursultan Nazarbayev during the 10th Astana International Forum (AIF).

The Main Agenda

The idea to come up with G-Global stems from the Kazakhstan President’s idea of the G-Global business portal, developed for establishing a transparent communication platform in Estonia. The intention of the G-global coin will be to scale the potential of the platform to the rest of the world.

The G-Global cryptocurrency will be developed by the G-Global business platform, and will be based on the intellectual potential of humans. There is work in progress with regards to marketplace consultation under Dennis Tsyro’s leadership. The aim of this complex work is to modernize enterprise in real sectors of the global economy.

Nursultan Nazarbayev announced further that this new venture will affect the labor market. According to Hanon Barabaner (Eurasian Economy Club of Scientists’ Deputy Chairman), the basis for development of the cryptocurrency is to see G-global realize the potential of human intellect.

G-Global’s Innovation

Perhaps one of the most innovative features to be expected from the G-Global Coin in its mission towards doing so, is the fact that is will be integrated with the TIME token. This is a creation of Sergei Sergienko and it has been built to allow companies and human resource managers measure the efficiency of an employee while working.  The information on its Blockchain measures the hours of useful work that an employee at the enterprise undertakes, and informs the employer, thus providing useful actionable data. The token’s feature is set to be used for G-Global’s business portal system.

Designed to be a uniting international communication platform for experts across the globe, the G-Global project will act as an automation tool for creating smart enterprises, thus achieving a fully-digitized global economy. Furthermore, the project has already received support from the Secretary General of Estonia’s centre party, Mikhai Korb, after he approved  G-Global business portal’s agenda in a move that falls in line with Kazakhstan’s policy on economic development in IT.

Image Credit: Deposit Photos

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