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Blockchain platform ChronoBank and Emercoin enter technical partnership

ChronoBank, a blockchain-focused project, announced its technical partnership with the cryptocurrency platform Emercoin across a number of key areas in order to bring added value to both parties.

ChronoBank reflects the importance of Emercoin to the ongoing success of the project and the bank is now accepting the EMC currency for its crowdfund. The bank’s intention is to hold the currency on a long-term basis and working together to bring greater value to it.

Emercoin offers a wide range of facilities and diverse blockchain services for business and individuals that improve the transparency, reliability, and security.

“ChronoBank recognizes the contribution that Emercoin is making to the blockchain infrastructure that will in future underpin many varied applications, and looks forward to leveraging that knowledge and capability for our own business,” Sergei Sergienko, CEO of ChronoBank commented.

ChronoBank will be collaborating and working with three separate elements of the Emercoin platform viz. emcSSL, emcSSH and emcDNS. These elements will bring something new and valuable to the project. Apart from this, Emercoin will consult with ChronoBank regarding the advanced financial instruments.

The emcSSL element is a scalable infrastructure for the authorization of web services that are without passwords. emcSSH offers a bridge between OpenSSH and the Emercoin blockchain that will allow for secure and decentralized management of public key infrastructure (PKI). New service emcDNS, provides the storage of universal name-value pairs on the blockchain.

“Working with Emercoin to implement and further this suite of blockchain-based technologies will put ChronoBank in a very strong position to decentralize our infrastructure and provision of our services to the greatest extent appropriate — with benefits for up-time, security, and confidence,” Sergienko added.

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