Smart contract platform Fantom partners with tech provider SELISE

SELISE, an IT firm, has announced a partnership with Fantom Foundation, which supports one of the largest public blockchain networks in the world. Attended by distinguished guests, the two organisations signed their official partnership in a ceremony held on 30th November in Dhaka. Fantom's scalable smart contract platform -- capable of running thousands of transactions per second -- is instrumental in facilitating the development of decentralised apps (dApps) that power a multitude of disruptive business cases. Fantom uses the latest and most advanced distributed ledger technology (DLT) with their unique Lachesis asynchronous Byzantine Fault-Tolerant (aBFT).

Fantom's technology is also extremely efficient, using less energy to securely confirm transactions than a single average household in the US, thus making it an eco-friendly solution for blockchain applications. 

"It is crucial for our growth in real-world applications to gain strong technology partners like SELISE who promote our technology to a wide global audience and essentially implement blockchain-based solutions for businesses and governments around the world," said Michael Kong, CEO of Fantom.

SELISE partnered with Fantom Foundation to initially tackle critical bottlenecks in the global financial services industry. By using Fantom's powerful network, SELISE aims to implement digital solutions in mobile payment, securities exchange, insurance, and banking at unparalleled scalability without compromising on security and reliability.