Libya to launch Initial sovereign offering to rebuild country

The Libya Institute for Advanced Studies (LIAS), which is providing the post-conflict guidance for the rebuilding of the nation under the 2023 vision has signed an agreement and awarded  Blockchain strategy and implementation to a Dubai-based joint venture conformed by Deca4 Blockchain Advisory and Accelliance. The signing ceremony took place under the patronage of the Dubai Blockchain Center, an entity that provides support and aims to bring together blockchain thought leaders, developers, investors, and educators.

The agreement covers a wide range of Blockchain applications, from an STO/ISO (Security Token Offering/Initial Sovereign Offering) that would bring investors to contribute to rebuilding the country’s infrastructure, all the way to managing digital identity, real estate records, assets, financial transactions and regulations, and all aspects of governance, with the objective of turning post-war Libya into the first nation to run fully on Blockchain.

“It is with great pleasure that I present this vision for change to begin the process of bringing Ihya Libya Vision 2023 to the forefront of national thinking”, explained Dr. Aref Ali Nayed, the Chairman of the Libya Institute for Advanced Studies.  “This vision identifies the major challenges that will need to be addressed in the next few years, with 100 transformation projects that the Libyan government must focus on to resolve key constraints to achieving a stable, democratic, prosperous and modern Libya that is at the forefront of the 21^st Century.” 

UNLOCK spoke with Ambassador Jean-Paul Tarud, Chairman of Deca4 Blockchain Advisory who said, " We are very proud to be working with the Libya to develop their blockchain strategy and implementation. In terms of STO or Initial Sovereign offering, Libya is not the first country we are working with as we already have 10 other agreements in place in countries across Africa, MENA and others."