In accordance with the Regulations on the registration of participants in the Special Regime in the sphere of crypto-assets turnover (reg. MoJ № 3409 of December 30, 2022), the National agency of perspective projects of the Republic of Uzbekistan registered new pilot project. The project was launched by LLC “Single integrator UZINFOCOM”.

The project foresees the implementation of the “Token.uz” project, which is a solution based on a private “Ethereum” network isolated from the main network, with a L2 solution for the Ethereum network named “Arbitrum”.

Reference: Arbitrum is a Layer 2 blockchain built on Ethereum. The Optimistic Rollup technology behind Arbitrum allows developers to easily, without any modifications, run Ethereum smart contracts and decentralized applications with lower transfer fees and increased throughput.

The purpose of the platform is to ensure reliable and transparent data storage, as well as protection of information from alteration and substitution by third parties, which is provided by blockchain technology. The “Token.uz” platform can be used both in the public sector and in the private sector.

The special regime participants registry can be found at the link.