Brazil, Colombia, Chile, Peru, Spain, United States and many more have signed up for the blockchain-backed COIN Network.
The alliance will work with other organizations and the global bitcoin network to establish an open blockchain market and platform for all countries to buy and sell goods and services.
This week, COIN Networks president, Daniel Díaz, and the president of Colombia, Alejandro Gálvez, will meet with U.S. Secretary of State John Kerry, who is also visiting Colombia, to discuss the potential of blockchain technology in Colombia.
“We believe that COIN network will play a key role in transforming the economy and society in this region,” said COIN leader, Ricardo López, in a statement.
“It is an area that is of particular interest to the U.K., Spain, the United States, France, and many others.
We have already started working with these countries to develop a joint COIN blockchain-based platform, and we will work together to expand this partnership to other countries in the future.”
The COIN platform is the first such joint project of any major network to be established.
The COIN project is led by a consortium of global financial institutions including Barclays, Deutsche Bank, Credit Suisse, UBS, Citigroup, U.N. Sustainable Development Solutions, and ING.
A global blockchain consortium will be established later this year.
According to Díz, the COIN Alliance will have its first major event in 2019, when it will unveil the COin network to the public.
It will be the first COIN token to be publicly traded.
The alliance, which will also work with local governments, will use blockchain technology to make it easier for individuals and businesses to sell and buy goods and products online and at retail.
It aims to create an online marketplace, with merchants offering products to consumers in exchange for COIN tokens.
The COin Network will be used to connect businesses and consumers to one another via a decentralized marketplace.
A COIN wallet will also be used as a tool for merchants and consumers, which can be used for online and offline transactions.COIN Network is a joint project between several financial institutions and a consortium led by the London-based, global banking giant, Barclays, and UBS.
The partnership has been approved by the Colombian government and is scheduled to be completed in 2019.
The blockchain technology used to underpin the COins network will be built on top of Bitcoin.
The technology was developed by a team led by Andrei Kostitsyn, the founder of blockchain company Blockchain Capital, who also developed a system for online payments called ChainLink.
The team will work on COIN-based cryptocurrencies, including bitcoin, litecoin, and ether.
The first COINS blockchain is expected to be released in 2019 and the COINS-backed digital currency is expected in 2020.