FORUS has created a merchant processing and retail finance blockchain using sovereign backed electronic legal tender. FORUS will be providing digital processing for people who currently only use cash. FORUS will finance small farmers, informal merchants, and taxis.
Building Trust is key to the long term viability of the FORUS Digital platform and tools. The World Economic Forum published a toolkit in April 2020, “Redesigning Trust: Blockchain Deployment Toolkit” and FORUS will use this toolkit as a lens to monitor the deployment of FORUS infrastructure. The intention is that the process of continued disclosure will enable FORUS to build a strong foundation of trust across all user groups, governments and investors.
The process outlined the World Economic Forum toolkit is divided into stages of creation, connection and then compliance. FORUS is now deploying the platform and has applied to test legal and regulatory compliance through the South African Intergovernmental Fintech Working Group’s Regulatory Sandbox.
