Velo signs MoU with Solana to collaborate on gold project in Laos

ChainCatcher news, blockchain-based global settlement network Velo and its partner Lightnet announced the signing of a memorandum of understanding with the Solana Foundation to cooperate on the Laos gold project. Solana will serve as the blockchain settlement layer, while Velo serves as the backbone infrastructure layer and the designated clearing house for the Laos Digital Gold Exchange.

It is reported that this cooperation will ensure the efficiency and security of transactions on the blockchain and enhance the interoperability between different blockchains.