Blockchain
BOSAGORA(BOA) won UN Solidarity Awards
The public blockchain platform ‘BOSAGORA’ has received ‘the UN Solidarity Awards’ on July 16th.
The UN received stories of various actors contributing to individual/society to overcome COVID 19 last May. Among thousands of entries were gathered from all around the world and the UN hand selected the 50 most touching and effective entries that aimed to overcome COVID 19 together. 26 experts from global institutes/organizations participated as evaluators including Vice President of European Union’s diplomacy and security committee, Director of UN development organization and Vice President of UN Foundation.
The practice BOSAGORA carried out to contribute to society was ‘Project Care’ in which many BOSAGORA community members participated last May. BOSAGORA and community members were revealed to the fact that medical staffs fighting in the front line of COVID 19 crisis were suffering from extreme stress and skin damage due to long time wearing of protective gears, and delivered 100 sets of ‘Care Package’ to designated major hospital to treat COVID 19(Gacheon University Gil Hospital). These ‘Care Packages’ consisted of protective products for skin, beauty facial mask, lotion and various snacks through which medical staffs can be refreshed. In each package, there was cheering message written by BOSAGORA community member which led to happy reactions from those who received it.
BOSAGORA takes the slogan ‘Make a Better World’ as vision of the project. It plans to utilize blockchain technology and its own coin ecosystem in realizing SDG(Sustainable Development Goals) by UN. As part of the move, it gave presentation about ‘digital democracy’ with KoSAC, close business partner, upon invitation from municipal government of Geneva, Switzerland last November. Also, it solidified its standing as blockchain for social good by holding meetup with ‘Blockchain and Commons’ as a theme upon request from visiting squad consisting of policy officials and professors from Barcelona, Spain and Montreal, Canada. Meanwhile, it is participating in movement to develop sound blockchain technology contributing to society by becoming the first signatory of ‘Blockchain Bill of Rights’ by World Economy Forum last May.
President Inhwan Kim of BOSAGORA stated he was delighted to create an example of blockchain contributing to society just along with IBM Blockchain. He said technology should benefit human and further resolved that he would make technology of BOSAGORA to be used for society.
Meanwhile, BOSAGORA is the Korea’s first ICO project of which currency BOA coin is listed in Bittrex Global, Bithumb, Bithumb Global, Coinbene, GDAC and ecxx.
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.
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Blockchain
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Blockchain
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