Tridib has been involved in the blockchain and cryptocurrencies space for about a decade. He has been a blockchain evangelist and international speaker. While his current focus is on building a crypto-fund for innovative cutting edge projects, his past experience of working with sovereign governments to set up decentralized sovereign currencies and e-governance frameworks has been his crowning achievement.
This article seeks to give the reader a glimpse into this project and what it has all been about. Sovereign Union was an initiative set up by a group of blockchain experts, to provide solutions to run a fully functioning digital nation on the blockchain. The initiative covers several countries in the pacific and has been implemented successfully in a phased and requirements specific manner.
In September 2020, Apollo Fintech under the guidance of the CEO of Sovereign Union Tridib Nandy, completed the implementation of the National Payment Platform. It allows a country to issue a national stablecoin digital currency for national adoption and enables a government agency such as the central bank to add commercial banks and agents.
The entire platform has the capability to power an economy from peer to peer transactions, to merchants, using the app, sms, QR codes, cards, offline codes and more. Authorized banks can onboard citizens and merchants for mainstream transactions like currency deposits and withdrawals, currency exchange, money transfers and payment for goods and services.
The pilot programs were launched in Palau and Micronesia. The companies’ proposed ledger applications include the NPP and Apollo E-Governance platform, these efforts were aimed at transitioning pacific-area territories and their largely un-banked population towards an efficient, cashless economy.
“This exciting partnership brings communities in the Pacific the ability to utilize a cashless economy without the traditional barriers of ePayments, allowing any nation to take part in the cashless revolution,” says Sovereign Union founder Tridib Nandy. “Frictionless commerce via digital stablecoins will empower economies across the Pacific to create new prosperity and to achieve a better economic future.”
Tridib’s involvement in this project goes beyond just implementing technology, and is informed by the disruptive power of blockchain and its ability to revolutionize world economies and nations. His why is much stronger than the what. Coming from a place of questioning the status-quo he finds in the decentralized an all encompassing answer that can change the way things have hitherto been done to become more inclusive and truly democratic.
An earlier blog post alluded to the historical injustices that indigenous people had to face under colonial occupation that had lead to their disenfranchisement and disillusionment. In this technology, Tridib sees a new age of emancipation for these populations in truly asserting their sovereignty and uniqueness.