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What's Happening Now - October 2020 Newsletter

Hey GoChainers! This is Brooke, Director of Media & Outreach at GoChain. As October comes to an end we want to take some time to reflect on all of the victories we’ve had this past month. October was jam packed with news from the GoChain Foundation as well as developments in real world adoption of GoTrace! Highlights from GoChain GoTrace will be utilized by SMARTKAS & HBK Department of Project’s agricultural project to convert hectares of desert into fertile, high-tech greenhouse farms in the UAE. Pronatura Noroeste & GoChain to launch twelve-month pilots in support of seafood sustainability & fishery improvement projects In Mexico. Qualified fisher cooperatives will be on-boarded via GoChain’s Global Acceleration Program for Sustainability (GAPS) initiative and be able to leverage GoChain’s blockchain-based chain of custody system for seafood traceability and accelerated sustainability certification purposes. Infinite Sum Consulting firm selects GoChain’s GoTrace blockchain-based software for global client base. Infinite Sum will utilize the GoTrace SaaS suite to provide partner companies with secure chain of custody, product authentication, and track and trace capabilities. Two Hands completes first GoTrace-tracked international lobster shipment from… Learn more

Can Blockchain Alter the Future of Sustainability?

A gearshift is currently needed to address sustainability, and business-as-usual runs the risk of exacerbating the increasingly acute social, economic, and environmental issues of today.This is the key message of the World Economic Forum’s landmark report ‘Unlocking Technology for the Global Goals’, which outlines a plethora of use cases of emerging technologies for sustainability. Unsurprisingly, blockchain technologies comprise a fourth of the mapped-out synergies between technology and solving sustainability issues.Blockchain technologies are immutable, decentralized, and efficient — an antithesis of business-as-usual. Tech writer Daniel Ling highlights how blockchain technology has revolutionized information databases, as it enables a fully transparent, independent, and public ledger for transactions. This has changed the way organizations operate as well, with fraud risks mitigated by immutable and secure blockchain payment systems. With corporate giants like Maersk and Walmart leveraging blockchain platforms in their supply chains to boost transparency and efficiency, we’re beginning to see why blockchain technology can be… Learn more

Introducing the Go for Good Podcast Series

GoChain Has Launched a Podcast! Go For Good is our monthly podcast series featuring thought leaders focused on using sustainable technology to make an impact in the world. Our very own Brooke Hansen will be discussing challenges and solutions, and diving into how companies are using technology for sustainable initiatives and much more.  Our goal is to share the key learnings and insights from different perspectives so that we can better understand the current state of our world and how we can better protect our environment through sustainable solutions. So, Why Start a Podcast? Painful headlines  are unavoidable today. The disruption and destruction of Covid-19 has taken over our lives.  Despite the chaos around us and the mountain of things we can not control we remain committed as a company to focusing on what we CAN control and continue our mission to build sustainable technology and partner with like minded companies to impact the world. We are convinced that with technology we can help tackle a range of global challenges. We want to do our part in contributing to society in a positive way especially during this… Learn more

Oil & Gas Supply Chain Week in Pictures!

The GoChain team had a great conference! We had the pleasure of reconnecting with professionals and experts from all over the US in the oil and gas industry. Here is a recap in photos of our time spent in Houston, TX. There were various presentations from members of the oil and gas community. Aimed at educating and opening the doors to new innovative technology solutions.  The GoChain booth was set up in the ballroom adjacent to the area presentations were taking place. We had demos and information brochures for attendees!  Director of Operations Adam Norris at the GoChain booth. Networking break between presentations. Some attendees stopping by our booth checking out our demo!  Presentation on the last day, all content was focused on blockchain technology! GoChain team at the booth. Ian Alexander, Brooke Hansen, Adam Norris Ian Alexander, Darren Shelton (Moran Shipping) and Adam Norris. It’s been great Houston! Thank you to Energy Conference Network for putting together this event and allowing us to connect with professionals and industry leaders from across the US!… Learn more

Blockchain in Logistics

lo·gis·tics noun the detailed coordination of a complex operation involving many people, facilities, or supplies. Logistical systems rely heavily on intermediaries, coordinating transactions and record keeping. The complexity of supply chain management has plagued the logistics and transportation industries for decades and its inefficiencies continue to multiply as the e-commerce industry continues to take over our growing economy. Information flow through the logistics supply chain Blockchain promises to simplify these ancient processes by replacing middle men with a self governing system which in turn provides layers of trust, efficiency and transparency to the global industry of logistics. At GoChain we are committed to improving the logistics industry in three primary ways 1.Drive Efficiency Creating an efficient system in logistics requires working with others globally with transparency to ensure and optimize the transportation of physical goods between parties and safeguard information and financial transactions. Trust is absolutely necessary in a system built like this. However, the competitive nature of the logistics industry combined with unstandardized processes, data silos and diverse levels of technology adoption leads to low transparency and a fragmented system. Blockchain can improve efficiency in global trade by minimizing the bureaucracy in administrative procedures. The… Learn more

Settlements & Clearing — a $10B per Year Opportunity

“With a digital asset, payment is settlement, and the cryptographic keys and digital ownership they control can lower post-trade latency and counterparty risk.” The current process for clearing and settlement of payments is wasteful. As a consumer, we imagine the process of paying for something a little bit like this: A payer swipes their card and computers instantly transfer the money from their account to the payee’s account. Unfortunately, there is a whole lot more that takes place in the background. Introducing the middlemen. The role of middlemen in settlements and clearing Making a transaction using a credit card, on its own, is no more than a promise to pay. Behind the scenes, the process is more elaborate, involving at least two banks and an extensive amount of other people (each of whom must take a cut). These middlemen exist for two reasons: trust & security Trust: Ensure there are sufficient funds to make payment. Ensure funds are subtracted from the payer’s account. Ensure funds are added to the payee’s account. Protect the payer in the event that they don’t receive the goods/services promised to them. These are often considered counterparty risk, or the risk that the other party won’t deliver their… Learn more

Coco Veda Selects GoChain Blockchain for Coconut Tracking

Coco Veda Selects GoChain Blockchain for Coconut Tracking. The Phillipines Company Believes Blockchain Will Increase the Median Income of Coconut Farmers by 2.5 times Learn more

GoChain — Identity Framework

As always, our development team has been hard at work and focused on building a full suite of products and services. This approach is part of our main initiative in securing a solid foundation for a decentralized future. We have made steady progress on our 2019 Roadmap and a couple of months ago we delivered a proof-of-concept for an identity framework for Microsoft. Now we are proud to release tools for the rest of the world to use! We invite you to go ahead and utilize our public identity app for managing decentralized identifiers, issuing verifiable credentials and verifying credentials. This is all based on the W3C identity specifications. Once you create your decentralized identity, you will receive your first credential from GoChain! You can then verify that credential in the app too. Our public app is a great way to see how simple and valuable leveraging decentralized identity can be for not just individuals, but also organizations. For instance, Universities can issue digital diplomas that allow HR departments to easily verify an interviewee’s claims, greatly reducing the risk of resume fraud. Banks can issue digital claims such as statements,… Learn more