LBN Story
The establishment of Libya Business Blockchain Network LBN is a bold move towards adopting a revolutionary technology and a strategic step towards harnessing the potential of digital transformation to drive Libya's economic growth and modernization. LBN is an idea and concept to establish a foundational layer for innovation. Through LBN we aim to stand out and showcase our commitment to leveraging blockchain technology in enabling businesses and entrepreneurs to test their ideas and validate them in the aim to launch new applications and services that will revolutionize Libya's different sectors.
Vision
The vision of LBN is to be the cornerstone of Libya's digital transformation, driving transparency, efficiency, and innovation across all sectors of the economy. By leveraging blockchain technology, through LBN the aim is to enhance governance, improve on transparency, and foster economic diversification, particularly in a nation recovering from conflict and seeking sustainable development. The aspiration for LBN is to position Libya as a leader in digital governance, enabling secure and efficient public services, financial inclusion, and international trade. Through collaboration with governmental bodies, enterprises, and the broader community, LBN will not only modernize existing systems but also create new opportunities for growth, innovation, and global integration.
Mission
The mission of LBN is to build a secure, transparent, and inclusive digital infrastructure that empowers Libya’s government, businesses, and entrepreneurs. Through the deployment of blockchain technology, LBN aims to enhance public trust, streamline operations, and foster economic growth. Our commitment is to drive innovation, support sustainable development, and ensure data sovereignty while creating opportunities for collaboration and integration with global digital ecosystems.
Core Values
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Transparency: Commitment to openness and accountability in all processes.
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Security: Ensuring the highest standards of data protection and integrity.
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Inclusivity: Promoting equal access and participation for all users and businesses.
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Innovation: Paving the way for all stakeholders' improvement and technological advancement.
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Collaboration: Encouraging partnerships across government, industry, and academia.
Purpose
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Governance and Regulation: Establishing a clear legal and regulatory framework for blockchain use in Libya.
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Economic Diversification: Leveraging blockchain to create new economic opportunities beyond the oil sector.
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Capacity Building: Developing the skills and knowledge required for blockchain adoption through training and education programs.
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Infrastructure Development: Building and maintaining the technological infrastructure necessary for a robust blockchain network.
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Public Awareness and Adoption: Promoting awareness and understanding of blockchain technology among the general public and key stakeholders.