Velo signs a memorandum of understanding with Solana to collaborate on the Laos gold project

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

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