Blog

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

How One Company Believes Blockchain Will Increase the Median Income of Coconut Farmers by 2.5 times

We are proud to share that we have signed a Memorandum of Understanding (MOU) with the Philippines Coconut-based Consumer Products Social Enterprise, Coco Veda. Our intent is to cooperate to explore the use of blockchain for tracking & traceability of Coco Veda’s value chain solution. We will also explore the development of programs to improve the general welfare & livelihoods of marginalized, “unbanked” farmer communities in the Philippines and other coconut producing countries. “GoChain is focused on using technology to promote the betterment of society and our habitat. There are more than three million coconut farmers in the Philippines and the majority earn less than two dollars per day. It is an honor that Coco Veda chose our protocol and team to partner in the mission of improving the lives of those farmers and their families.”Jason Dekker, CEO of GoChain Additionally, our expert team of consultants will work closely with Coco Veda in developing blockchain-based tracking the Sustainability Targets of Coco Veda’s Zero Waste Eco-Tourism Holistic Retreat and Integrated Coconut Processing Farm Project. Both of these are critical to supporting “Farm to Business” (F2B) and “Farm to… 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

GOST Protocol — Cross Chain Transactions Between Ethereum and GoChain

Earlier this year we announced our intention to bring stablecoins to GoChain to benefit from GoChain’s superior speed and throughput which makes day-to-day payments, such as buying coffee, a reality. Instead of the typical stablecoin way of doing things, where a third party holds custody of fiat cash backing each token, GoChain stablecoins will be backed by stablecoins on Ethereum, 1-to-1. Today, we’re proud to announce GOST Protocol, the first of its kind enabling interoperability between blockchains in a fully decentralized manner. Background Currently buying coffee with crypto isn’t feasible because the blockchain networks that the stablecoins are on are too slow and can’t handle the volume. Tether (USDT) is on the Bitcoin network and most of the others are on the Ethereum network (USDC, TUSD, PAXOS, etc). Bitcoin can only handle 7 transactions per second and takes a minimum of 10 minutes to confirm a transaction or 60 minutes (6 block confirmations) if you want to be safe. Ethereum can only handle around 13 transactions per second and you have to wait at least 15 seconds or minutes if you want to be safe and that’s if the network isn’t congested, which it usually is. You can’t run a… Learn more