Blockchain
World Resource Organization to launch all-inclusive blockchain ecosystem in May
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To date, no company or organization has developed an infrastructure that fully encompasses the main facets of blockchain technology, namely: scalability, security, and decentralization. Coming May 2019, the World Resource Organization (WRO), funded by OCEANPEC (Singapore), will launch an all-inclusive blockchain ecosystem that is backed by three main pillars: 1) Finance, 2) Resources and 3) High-tech services. This ecosystem aims to accelerate the use of blockchain technology in real-life scenarios, as well as break down barriers between traditional and new economies.
In the finance industry, there are banks, payment companies and supply-chain firms providing services such as cross-border remittances, credit reporting, and letters of guarantee. Blockchain technology will enable financial transfers to be faster, traceable, and with lower transaction costs. The resource industry consists of the likes of logistics companies and raw material procurement departments. Services in this sector include electronic evidence, supply chain management, as well as goods traceability and authentication. Examples of data that can be transmitted through blockchain technology transparently, quickly and securely are: invoices, purchase records, and bills of lading. As for the technology sector, it is made up of network providers, cloud computing service companies, telcommunications operators and more.
The Resource Token (RT token) will help the World Resource Organization to facilitate fee payments and data transfers. RT tokens will be used as the primary means of fee payment, such as service fees for technical services, communication services, Internet services, patent-licensing, and cloud computing services. Enterprises in the WRO ecosystem will provide financial, resource and high-tech services for RT token holders.
WRO has established a global network of partnerships and local offices to support its activities. OCEANPEC (Singapore) has inked agreements with the Abu Dhabi National Oil Company (ADNOC) and Cuallix Bank. ADNOC is the largest crude oil company in the United Arab Emirates, with monthly crude oil output of 100 million barrels. Based in the United States, Cuallix Bank has partnerships with 172 counties and regions, as well as SWIFT, MasterCard and UnionPay. Cuallix Bank is also the first financial services organization to collaborate with Ripple (XRP).
RT resources has 10 local offices working on natural gas, crude oil, precious metals and gemstones in Mainland China, Singapore, Hong Kong, Mongolia, South Korea, United States (Houston), North America (Mexico), Middle East (Abu Dhabi), Australia (Darwin), and Switzerland.
World Resource Organization is helmed by a team of highly-qualified professionals with years of experience in the financial, energy, trade, commodities, and legal sectors. Chairman Louis Li, who also chairs OCEANPEC (Singapore), is influential in the energy and minerals industry, having presided over the construction and operation of many refining and chemical projects. Under him are: CEO JJ Chen of ZHENGRONG Energy Korea, Feng Quan, Mendy Liu, Michelle Park, Andy Jin, Franke McQuilkin and Tetsuya Nagaoka. The WRO is also backed by a strong team of advisors from across the globe to provide insights and give direction to the project.
The WRO was established with lofty ambitions to encompass scalability, security and decentralization in blockchain technology. By leveraging on their financial, resource and technological advantages, they believe that they can build an all-in-one ecosystem to provide services to users and investors globally. Through constant development and optimization, they believe that everybody can enjoy the benefits of blockchain technology across various industries.
SOURCE World Resource Organization
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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