What’s New With GoChain — November 2022 Edition
It’s been quite a year in the world of crypto with the total market cap dropping by 2/3rds its value seemingly overnight, many major projects collapsing like the Terra Luna Fiasco, some of the biggest crypto companies going bankrupt like Celsius, 3AC and Voyager. It’s hard to see the light at the end of the tunnel. But it’s there.
For some Ukrainians, it’s the only money that works. Blackrock, one of the world’s largest investment services firms, started offering Bitcoin to its clients. Countries like Sweden are starting to use it for other proof of ownership use cases like their land registry and the Government of Colombia is using it to issue and transfer mining titles.
As you may know, GoChain is focused on enterprise, NGOs and government use cases. GoChain provides a 100% Ethereum compatible chain with a very low carbon footprint making it usable by organizations with sustainability requirements.
New Use Cases
New real-world use cases continue to pop up on GoChain, including:
US Endowment Chooses GoChain for ForesTrust Blockchain
The US Endowment will utilize GoChain to track and trace paper and pulp products for ForesTrust members, starting with Domtar, to prove provenance, account for carbon, and validate sustainability claims. Retail customers will eventually be able to verify the provenance and learn about other details of finished paper products via a simple QR code scan. They also anticipate exploring and collaborating on additional forestry-related initiatives which can benefit from the use of blockchain technology.
This means tracking millions of trees and their finished products on the GoChain blockchain.
Tokenizing Assets
The Government of Colombia Mining Agency is tokenizing their mining assets (real mining, not Bitcoin mining) on a platform built in partnership with Chainparency and GoChain. The platform enables any government, company or individual to tokenize an asset, issue shares in the asset and track ownership in an immutable ledger. Think of it as an efficient, shared, transparent cap table. No more Excel spreadsheets to keep track of ownership.
The ANM is the first of many who will be utilizing the tokenization platform and GoChain will be the source of truth for tracking all of these assets.
New Nodes
GoChain continues to set the bar for blockchains for good with the addition of two incredible organizations trying to make the world a better and safer place.
Detox Project
The Detox Project is a research and certification platform that encourages transparency in the food and supplement industries on the subject of toxic chemicals. Involved in a number of groundbreaking studies over the last few years particularly on the world’s most used herbicide, glyphosate, The Detox Project also develops and promotes novel testing technologies to determine the level of toxic chemicals found in our food and in our own bodies accurately and affordably. The Detox Project currently works with hundreds of food and supplement brands, ranging from manufacturers of cereals, avocado oil, baby formula, clean supplements, rice, oat & nut milks, dates, honey, wine to hemp oil and CBD products. one of the largest nonprofits you’ve never heard of, has also joined the network.
Upbring
Upbring.org was also just voted in as a node validator, one of the larger non-profit organizations that you may not have heard of with thousands of employees in the USA. Upbring is an organization implementing generational innovation to advance child well-being. That means sustainable change resulting in positive shifts across generations.
New Listings
$GO was recently added to:
Why GoChain?
If you have ESG requirements, there is no better option. Not only do we have the smallest carbon footprint, but just by using the GoChain blockchain you are supporting a bunch of environmental and other non-profit organizations.
You can safely say you are a sustainable business if you’re using GoChain.
Please contact us to learn more.
