The Central Bank of Sri Lanka (CBSL) is looking for companies that are able to build a proof of concept shared Know-Your-Customer (KYC) platform to be used in the banking industry. In a statement, the central bank said, \u201cThe increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka\u2019s financial sector.\u201c The central bank is specifically reaching out to the country\u2019s tech industry to help develop a system that can be used to accommodate the needs of customers: "The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka\u2019s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector. It is also expected that it would help increase financial inclusion in Sri Lanka." Tech companies interested in assisting with the project are required to have at least two years of experience in developing these kinds of projects, and have a \u201cproven track record of developing and launching mobile applications.\u201d This is another example of countries embracing blockchain technology as a solution to create greater security, efficiency, and access for consumers. In India, the Minister of State for Electronics and IT (MeitY) recently announced that the government is looking to create a new national framework that will help to expand the use of blockchain technology throughout India. MP Parvesh Sahib Singh Verma said, \u201cMeitY has identified Blockchain Technology as one of the important research areas having application potential in different domains such as Governance, Banking and Finance, Cyber Security and so on.\u201d China also looks to get on board in using this technology. In October, President Xi Jinping acknowledged in a statement that \u201cblockchain\u2019s future is here,\u201d although he cautioned Chinese citizens to be \u201crational\u201d about the use of this new technology. The People\u2019s Bank of China stated recently that they are looking into new technologies to improve the country\u2019s fintech sector, and the use of blockchain technology is one solution.