Ex CFTC Chairman Christopher Giancarlo Teams With Lykke To Fight COVID-19

Swiss-based fintech company and builder of marketplaces Lykke Corp has announced its new project in digital financing strategies The Open Initiative. It is dedicated to aiding governments and institutions around the globe with resourceful visions of how digital technology is capable of transforming the world supply chain and financial systems in a post-COVID-19 economy.

The Open Initiative As A Global Call For Action

The project has the role of putting even more reason into digital finance and tech, especially after a global-level pandemic situation, when economies and many businesses are put to the test.

“New technologies will accelerate the recovery of society in the aftermath of the COVID-19 pandemic, and the blockchain offers feasible solutions for necessary government and private sector initiatives,” said Lykke CEO Richard Olsen.

As announced, The Open Initiative project is set to team up with governments and institutions around the world, empowering them to utilize and benefit through digital technology in building resilient mechanisms for the economy now and in the future.

Ex CFTC Chairman Christopher Giancarlo on Board

As mentioned in a tweet by Lykke Corp, the former chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo has already joined the project in the role of a “strategic advisor.”

In another tweet, Giancarlo personally stated his readiness and will to support The Open Initiative project, and its aim to seek even more digital tech solutions for the economy’s turning point as it is the world now.

“As the unprecedented COVID-19 crisis reveals inefficiencies and limitations in global financial and supply chain systems, I am pleased to support the Open Initiative to bring sophisticated digital services within reach by leveraging blockchain technology and the expertise of Lykke’s Digital Engineering Team,” said also Giancarlo

It’s interesting to see how a variety of different sectors are coming together in the fight against the novel virus. CryptoPotato recently reported that Northwell Health joined IBM’s new blockchain solution with the same merit.