AUGENTIC completes Digital Currency & Digital Payment solution portfolio

Munich, 16.04.2020

AUGENTIC completes Digital Currency and Digital Payment solution portfolio through strategic partnership with DISTRIBUTED LAB

AUGENTIC, a leading international provider of solutions for identity management, digital currencies and biometrics and DISTRIBUTED LAB, a leading provider of state-of-the-art digital assets solutions, announced today their partnership on consulting, security solutions and services for central banks. The first result of the cooperation is visible – an open eco system for Central Bank Digital Currency (CBDC). The integration of the first evaluations and proof of concept projects will be implemented with selected Central Banks in the coming months.

The flexible CBDC solution is based on a digital identity platform from AUGENTIC and distributed ledger technology (DLT) solution from DISTRIBUTED LAB. “AUGENTIC is positioning itself as a long-term specialized partner in transformation and digitalization management for governments and society. We are taking the role to handle the high complexity of digitalization projects together with our partners.“ Labinot Carreti, CEO of AUGENTIC, and continues: “We look forward to start working together with the highly motivated team of DISTRIBUTED LAB. The jointly developed CBDC and digital payment solutions will bring great benefits to governments. In terms of the exclusive cooperation with DISTRIBUTED LAB we are able to react in a focused, adaptable, secure and technological way to the emerging challenges of transformation in the digital payment and ID industry. » 

Pavel Kravchenko, Founder of DISTRBUTED LAB, adds: “Distributed Ledger Technology (DLT) is more than Blockchain. Our mission is to build the Financial Internet — when every accounting system in the world is able to transact with each other freely. We are proud to work with AUGENTIC and are convinced that this new relationship will successfully open doors of our combined technologies in the governmental sector”

Both partners are certain that this joint offering brings real additional value to customers and are looking forward being an integral part of the digital future of currency.