SHANZHAI CITY ("SZC") Launches "iO-X" the World's First Blockchain-Driven Community Impact Exchange
2018年10月11日 - 03:24PM
JCN Newswire
Shanzhai City ("SZC") announced today the launch of Impact
Oxygen Exchange ("iO-X"), the world's first community impact
exchange network driven by real-world impact data from grassroots
communities built on the blockchain and AI. It will be first
piloted and launched in Guizhou, Anhui and Yunnan in China, then
Southeast Asia. In its first application, iO-X aims at serving
annual transactions of RMB 3.7 billion of local food, products and
services in rural China. iO-X is a joint venture partnership
between SZC's unique last-mile data strategies developed for rural
and remote communities and MiQS Technologies (MiQS)'s high
performance exchange technologies, it targets to acquire up to 20
million users in 2 years and 100 million in 5 years from developing
regions worldwide.
In this first application, iO-X allows rural households or
cooperatives to trade local products on the blockchain. All product
sourcing, production, logistics, pricing and user data will be
published in the fully-transparent environment to allow
trackability, fair-trading and inclusive local development. iO-X,
powered by MiQS's flagship product - XWings, can power numerous
local impact exchanges at the same time to serve high-volume P2P
level transactions.
Following China, iO-X will be launched in communities in Vietnam,
Laos, Myanmar, the Philippines, Papua New Guinea, with observers
from The World Bank, Asian Development Bank, and International
Monetary Fund (IMF).
In celebration of the first application of iO-X in Guizhou
Province, a 4-day event starting today, "The Rural Product
Innovation and Folk-Art Revival Forum" was organized with direct
support by Maogong Township Government in Liping County, Guizhou
Province. Dr. Tat Lam, co-founder and the CEO of Shanzhai City, was
invited to officiate the launch.
"Building iO-x, the community impact exchange, is a remarkable
achievement for Shanzhai City and more importantly the first real
step towards revolutionizing the global blockchain data
infrastructure for sustainable development," said Dr. Tat Lam.
"Thanks for MiQS's lightening-fast and institutional-ready exchange
backend, iO-X makes blockchain technologies available for
grassroots communities to facilitate their everyday life businesses
and reinforce local trust economy. With the highly-adaptive nature
of our poverty-market-focused user engagement solutions, we are
ready to deploy the system across communities for the untapped yet
highly desired impact investing markets, which are known as
high-impact and high-return. This blockchain solution is well
positioned to become the badly needed solution to vitalize
economically underdeveloped regions as well as the driving engine
for real long-tail business on the blockchain."
iO-X's first use case is developed for "GOODS FOR PEOPLE" ("GFP"),
initiated by Design Venture Forward (DVF), an agricultural business
and cooperative collaboration platform for rural communities in
China to publish best practice data of authentic farming on
blockchain to enhance fair trade and local economic growth.
Unique features of iO-X, the community impact exchange:
- high transparency and traceability blockchain technologies for
people with limited data literacy to use
- consumers and impact investors will have access to the
information throughout the farmers' profile, food production,
distribution process and impact data on blockchain, ensuring food
safety and fair trade
- local farmers and suppliers can upload personal, community, food
production, outcome measurement and impact validation data through
SZC's DApps (impact oracle marketplace) to manage social
development collectively
- by incentivizing self-reporting data by the local communities,
management and impact measurement cost will be 4 times less than
the services by mainstream market stakeholders
About Shanzhai City:
Shanzhai City ("SZC") is a social-finance technology company
specializing in last-mile data solutions backed by real-world data
and its unique user-acquisition model built on blockchain and AI,
aiming to contribute to filling the USD $35 trillion United
Nation's Sustainable Development Goals funding gap by 2030. The SZC
team has spent years developing technology solutions among
grassroots communities to tap social finance opportunities in
developing regions. Past and current projects include
humanitarian-based finance projects in China, Myanmar, Laos,
Thailand and Brazil, supported by the Chinese Government, the
Brazilian Government, The World Bank Group, Binance's Blockchain
Charity Foundation and Bancor's Grassroots Economics etc. Find
Shanzhai City on www.shanzhaicity.com or "ImpactLearning" on
WeChat.
About MiQS:
MiQS is a financial trading and investment technology solution
provider company with offices in Shenzhen, Hong Kong and Chicago.
Its mission is to help global institutions provide better and
inclusive financial services to their clients. Experienced MiQS
engineering team has delivered quality trading solutions for the
world-class exchanges like Chicago Board Options Exchange as well
as the Fintech startups, its flagship product, Xwings, is able to
serve different types of clients with the top performance that is
comparable to global leading blockchain exchanges. Find MiOS on
www.miqs.io, and find introduction of Xwings on www.xwings.io.
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Source: Shanzhai City
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