Life Clips’ Subsidiary BelfricsBT Signs MOU With Bluewave International To Explore Blockchain Solutions For Supply Chain Disruption

BelfricsBT offers solutions to eradicate the disruption in the global supply chain

AVENTURA, Fla., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”) announced today its Belfrics subsidiary BelfricsBT and Kenya based Bluewave International signed a memorandum of understanding (MOU) to explore the capabilities of blockchain in supply chain management, remittance, tolling, wildlife park management, and other areas of interest to both parties.

Bluewave International is a full-service IT solutions firm specializing in digital advertising, queue management system, web-based application development, and market support systems. BelfricsBT is the technology division of Belfrics Global, which is a comprehensive blockchain technology solutions company helping businesses bring transparency and decentralization to their operations.

The partnership between Bluewave International and Belfrics seeks to push innovation in Africa to the next level. The companies seek to use customized African software solutions for governments and businesses enabling the continent to embrace the 4th Industrial revolution and give it a competitive edge in global markets.

Simon Katumo, CEO and co-founder of Bluewave International, said, “Blockchain will improve traceability, transparency and tradability, and have a massive impact on every sector that will use this technology. Our main interests will be in the banking, financial services, government, healthcare, energy, transportation, and logistics sectors.”

“Belfrics blockchain solutions are designed to ensure a seamless decentralized customer experience that can be built-in together with legacy systems to ensure full maximization of investments,” said Jackline Gachiri, Lead Researcher for BelfricsBT.

BelfricsBT is at the forefront of creating blockchain solutions, while Bluewave International is an industry leader in terms of building customized solutions in various markets. The partnership will focus on providing an exemplary customer experience through efficiency, transparency, security, and cost-savings. According to the New York Times, supply chain issues are likely to last for many more months — if not years, as some experts have warned that the global economy is overly reliant on lean production and faraway factories. The pandemic has seemingly validated that view, and the supply chain has become a central political issue. It is also a key factor in rising inflation, which is deepening concerns about the fate of the global economy and its recovery from the lockdowns of the pandemic.