Elastos is partnering with Dmail, who are building an AI-powered decentralized infrastructure that provides seamless, anonymous messaging and notification services across multiple chains and applications. What sets Dmail apart is its revolutionary Subscription Hub, designed to elevate communication strategies. This hub enables personalized messaging to wallet addresses and DIDs across multiple chains, making it effortless to engage your audience with targeted content and token rewards.
By partnering with Dmail, Elastos gains exclusive access to this robust Subscription Hub, connecting them with an expansive network of over 3 million on-chain accounts. With Dmail’s intuitive console, Elastos can promptly harness the power of intelligent messaging in Web3, creating new opportunities for user engagement and growth.
Potential synergies that are currently being explored:
- Identity Management: Dmail Network will almost certainly integrate Elastos’ DID for identity management, enhancing user privacy and data sovereignty.
- Enterprise Solutions: Dmail can integrate Elastos’ enterprise blockchain solutions to improve processes, data provenance, and transparent solutions for supply chains and contract management.
- Financial Products: Dmail can benefit from Elastos’ financial solutions for decentralized trading, staking, and lending.
- Content Monetization: Dmail can use Elastos’ DRM technology to enable content creators to license and monetize their digital assets.
- Subscription Hub Service: Elastos will be using Dmail’s Subscription Hub Service for its users, allowing seamless messaging to wallets and DIDs.
- Technical Integration: Dmail will possibly look to integrate Elastos’ side chain EVM architecture and will explore their Hive storage solution for potential synergies.
A partnership between Dmail Network and Elastos can unlock new avenues for innovation, user empowerment, and business growth. By combining Dmail’s expertise in web3 communications with Elastos’ comprehensive Web3 ecosystem, both parties can accelerate the adoption of decentralized technologies and create a more secure, transparent, and user-centric digital world.
Follow Dmail’s progress: Beta Mainnet | Website | Twitter | Discord | Gitbook tutorial
The following is part of an ongoing series by Elastos community leaders sharing key trends and takeaways from Token2049 and crypto events in and around Singapore. Check out the last post by Jonathan Hargreaves, Global Head of Business Development at Elastos. In this edition we hear from Sasha Mitchell, Founder of Elacity.
From the get-go, as soon as I landed at the Changi airport in Singapore, I had little time to spare before heading straight to the Bitcoin Layer 2 event hosted by Elastos. Over the week, I came to learn extensively about the Web3 space at Token2049. This collective knowledge helped paint a picture of a future where data management is far more user-centric, secure, and efficient, and where governance can be transparent and accountable. For five key takeouts of Token 2049, you can read my article here, in this piece, let’s discuss a little about Bitcoin Layer 2 and Elastos. Blockchain at its core is about bringing trust back into the system and creating trust in a trust-less environment, and I believe Elastos can deliver this alongside Bitcoin’s security, so let’s dive in!
Bitcoin remains the market leader with a $500 billion market cap, doubling its closest rival, Ethereum. Bitcoin’s hash rate measures the network’s computational power, serving as an indicator of its security and efficiency. It’s rising hash rate over the years signifies increased mining activity, making the network more resilient against potential attacks, despite price volatility.
This year, Bitcoin Ordinals has revolutionised non-fungible tokens (NFTs) by using Bitcoin’s architecture to transform “Satoshis” into unique assets through “inscriptions”. These shifts signal a future where Bitcoin’s role extends beyond a simple financial asset to become a versatile platform for various applications. This transformation is enabled by smart contracts and decentralized data management systems, which are components of scalable Layer 2 solutions like the Lightning Network and Elastos, which can settle back into the secure mainchain.
Something new I learnt about was Ricardian Contracts, which integrate legality and cryptographic verification, providing a digitally secure and legally binding agreement. By hashing the contract and providing a unique identifier, we can ensure that all parties can easily verify the most current and authentic version of the agreement. This approach addresses issues of document versioning and legality, thereby revolutionising the digital contract landscape. Ricardian Contracts blend smart contract features with traditional legal agreements, allowing for preset, executable actions across multiple blockchain architectures, including Bitcoin.
It became clear to me that Elastos can redefine Bitcoin’s ecosystem with its DID, Hive, and Carrier technologies, serving as the foundation for “Personal Knowledge Containers.” This next-gen Layer 2 storage solution surpasses traditional methods like NAS and Dropbox, using a robust tech stack including Istio, Docker, IPFS, Tor, and libp2p to enable peer-to-peer trading using Bitcoin Layer 2 protocols and decentralised web nodes. The objective is to categorise data assets hierarchically into files, pages, and services, thereby enabling peer-to-peer trading alongside Bitcoin Layer 2 payment protocols.
Elastos can help facilitate this environment through its decentralised identifier sidechain which acts as a control hub, and support storage solutions through Hive, and Carrier for peer-to-peer networking. With Elacity DRM enabling data packaging and Runtime innovation for secure playback, Elabox’s plug-and-play OS service, and Essentials SuperWallet’s toolsets that incorporate Elastos and already support the Lightning Network, it becomes evident our ecosystem and innovations are all capable of converging to a Bitcoin Layer 2 solution.
To further explore Bitcoin Layer 2, it’s worth noting that Elastos’ mainchain is secured by Bitcoin miners’ hash power. This architecture enables a secure, decentralized ecosystem in which ELA, Elastos’ native currency, plays a pivotal role. ELA serves not only as gas to pay for transactions across the ecosystem but also as collateral and voting power to annually elect 12 DAO council members for governance. These council members vote on wide-ranging proposals, from funding to infrastructure, and also become supernodes that power Elastos’ sidechains. ELA-elected council nodes enhance the platform’s security beyond the mainchain and facilitate infinitely horizontally scalable solutions, such as its EVM sidechain for smart contracts.
Being directly connected to Bitcoin, our main chain offers additional avenues for innovations like Ordinal NFTs. These could alleviate congestion in Bitcoin’s NFT network through the potential use of sELA inscriptions. With a limited coin supply of 28.22 million and built-in halving mechanisms, ELA shares strong similarities with BTC. It leverages its role as a ‘Queen’ in security, complemented by a suite of innovative supporting services, DAO governance and sidechains.
Amidst past upheavals like FTX and Three Arrows Capital, the prospect of Bitcoin and Ethereum ETFs injects the tech space with much-needed liquidity and optimism. As traditional systems falter, the emerging Web3 landscape offers a parallel economy rooted in freedom. The excitement in Singapore showcases fresh thought leadership, transformative tech, and new economic models. I had the chance to meet many interesting people from many different fields. With continuous innovations, the sector inches closer to realizing Web3’s promise of a digitally interconnected world. And for Bitcoin and Elastos, don’t underestimate the power these two technologies and communities can bring as a merged mined solution.
All signs indicate that 2024 will be a pivotal year for the space!
The following press release was submitted on September 26, 2023.
NEW YORK, USA, September 27, 2023/ — Mission89, in collaboration with the Generation Amazing Foundation and the United Nations Office on Drugs and Crime (UNODC), will host a transformational side event during the United Nations General Assembly (UNGA78) on tackling the critical issue of human trafficking in sports through innovative technological solutions and inspire the next generation to combat modern slavery and exploitation.
With the theme “Leveraging Technology to Combat Exploitation and Human Trafficking in Sport,” the event is scheduled for September 25, 2023, at the United Nations Headquarters in New York, between 1400 – 1600 EST. It will bring together various stakeholders dedicated to eradicating human trafficking and promoting youth involvement in sports, including youth advocates, academics, football executives, and the UN’s permanent representatives from Qatar, Monaco and Gabon.
“Sport, a global language that transcends borders, has always been a source of joy and inspiration for countless young individuals worldwide,” emphasized Lerina Bright, founder and executive director of Mission89. “Unfortunately, it also serves as a troubling arena for human trafficking, particularly targeting young, aspiring athletes, with approximately 15,000 children falling victim to trafficking from West Africa to Europe each year. This issue is deeply disturbing and necessitates the utmost attention and concerted efforts from all stakeholders.”
The first session will shed light on sports trafficking and its implications for social inclusion in sports, the evolving landscape of women’s football, and the specific vulnerabilities female athletes face. The second session will explore how technology can be harnessed to combat this issue effectively. The third panel session will engage youth perspectives on these issues, drawing lessons from their experiences and knowledge.
“Through collaborative efforts, the Generation Amazing Foundation remains resolute in its commitment to harness the transformative potential of sports alongside esteemed partners like Mission 89,” stated Nasser Al-Khori, Executive Director of the Generation Amazing Foundation. “Together, we aim to drive lasting positive change and reach our shared objectives of addressing global youth-centric social issues.”
Jonathan Hargreaves, Global Head of Business Development at Elastos added, “In a decade of working with data and technology to combat trafficking, we see time and again that compromised identity is the vulnerability that traffickers use to build deception and focus their business models around. By using technology to prevent falsified identity, create transparency in the decision process and verification of authority figures these criminal enterprises are fundamentally undermined. The Elastos’ evolving Web3 systems allow players and families to secure their data, verify the provenance of agents and learn about the opportunities in a inspiration yet safe manner. In this way, blockchain is the key to prevention of trafficking at a systemic level.”
Keynote speakers at the event include Samuel Eto’o Fils, President of the Federation Of Cameroon Football Football (FECAFOOT), and H.E. Mrs Melrose Karminty, Minister of Social Welfare, Republic of Sierra Leone. Other distinguished speakers include Dr Roberto Branco Martins, Director General of the European Football Agents Association (EFAA); Lerina Bright, Founder & Executive Director of Mission89; Ambassador Michel Xavier Biang, Permanent Representative of Gabon to the United Nations; Alya bint Ahmed Al Thani, UN’s Permanent Representative of Qatar; and Ambassador Isabelle F. Picco, Permanent Representative of Monaco to the United Nations.
This forum aims to spotlight the issue of human trafficking in sports and empower young individuals to become advocates and change agents by leveraging technology. By providing a platform for youth engagement and participation, they can voice their concerns, share innovative tech-driven ideas, and contribute to developing effective strategies to combat this urgent issue.
The event’s alignment with the United Nations’ commitment to combat human trafficking and promote youth engagement underscores its significance. It harnesses the UN’s extensive experience in addressing human rights issues and complements ongoing efforts to raise awareness about the grave issue of human trafficking.
Mission 89 is a research, education, and advocacy organization headquartered in Geneva that fights the exploitation of young athletes through social and economic transformation. Its guiding principles include the United Nations Convention on the Rights of the Child (1989) both broadly and specifically which declares that members “shall take measures to combat the illicit transfer and non-return of children abroad”.
Through grassroots and digital campaign initiatives, the organisation raises awareness of the trafficking phenomena among youth across the world, consistently engaging both local and foreign partners and organisations in over 50 countries. Mission 89’s aim is to mitigate child trafficking in sports through research, education, and the implementation of mandatory regulations to keep sports training academies accountable for the safety and well-being of children in their care.
About Generation Amazing Foundation
The Generation Amazing Foundation (GA) is a human and social legacy-focused organisation that launched in 2010 during Qatar’s successful bid for the 2022 FIFA World Cup™.
GA operates its sport for development programmes in alignment with the United Nations Sustainable Development Goals and Qatar’s National Vision 2030, to promote sustainability, inclusion, and gender equality. GA’s unique methodology utilises the power of football to impart crucial life skills including communication, leadership, teamwork and compassion to youth and communities in need across the globe. Since its launch, GA, in collaboration with key partners, has reached and positively impacted over 1 million lives in 75 countries and counting.
Learn more at www.generationamazing.qa. Follow us @GA4Good on Instagram, Twitter, Facebook and LinkedIn.
The United Nations Office on Drugs and Crime (UNODC) is the leading UN agency in the fight against organised crime, illicit drugs, terrorism and corruption. Its presence around the globe and expertise allows it to support countries in developing comprehensive and effective solutions against threats to development and to achieve the SDGs.
UNODC provides technical assistance, research and normative support to Member States to help them develop and implement comprehensive, evidence-based solutions to the complex and interconnected threats that they face at the national, regional and global levels.
Our efforts centre on protecting people and our planet from criminal exploitation through inclusive, sustainable, human rights-based approaches.
Headquartered in Vienna with a network of over 130 offices around the world, UNODC advances justice, health and security to build resilient societies and improve everyday life for individuals, families and communities around the globe.
Elastos is a Web3 ecosystem powered by a suite of open-source, decentralized technologies for identity, security, communication, data storage and commerce. It gives developers the hardware and software tools to build truly decentralized applications from games to social platforms, DeFi, and marketplaces.
As the only Web3 ecosystem with a blockchain dedicated to DIF and W3C compliant decentralized identifiers (DIDs), a unique secure dual-chain architecture, and a hybrid consensus, Elastos champions self-sovereignty. By providing unlimited control, security and interoperability, as well as grants and guidance for those who wish to build a truly decentralized web, Elastos is on a mission to help everyone forge their own digital destiny.
Find out more at: https://elastos.info/digital-destiny
Stay tuned for more details about how Elastos decentralized tech stack is helping make the world a better place. Read the press release here.
The article and graphics were created by the Elavation Team
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos.” – Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
In an exciting development for the Web3 industry, Elastos has joined hands with Tencent Cloud. Aiming to foster innovation and accelerate the growth of Web3, bringing forth a more inclusive and secure modern internet. With their combined expertise and shared vision of empowering a more inclusive and secure Web3, Elastos and Tencent Cloud are poised to accelerate the Web3 space, offering developers and startups new opportunities for growth and success.
The partnership between Elastos and Tencent Cloud sets the stage for a wide array of collaborative initiatives. Elastos is exploring the use of Tencent Cloud as a cloud service partner, leveraging its formidable infrastructure for a range of technology-related services and platform operations. For Tencent Cloud, the collaboration with Elastos provides greater access to Web3 expertise and decentralized technologies for its customers.
Reinforcing Web3 Infrastructure with Joint Business Development
Both Elastos and Tencent Cloud understand the significance of robust infrastructure in ensuring the success of Web3 projects. Their cooperation involves joint efforts to present Tencent Cloud as a reliable infrastructure option for developers and validators within the Elastos ecosystem. This tactical partnership aims to augment developers’ experience with the ease of access to Tencent Cloud’s remarkable resources. The collaboration further delves into the possibility of promoting Tencent Cloud as an infrastructure provider for developers and startups launching applications on Elastos, thereby fostering a dynamic and supportive atmosphere.
Tencent Cloud will provide customized offers and incentives to builders on Elastos, enhancing the ecosystem’s access to Tencent Cloud’s services. Additionally, Tencent Cloud will introduce Elastos to its ecosystem partners, creating new avenues for collaboration and. Moreover, Tencent Cloud will offer Elastos the opportunity to showcase relevant Web3-related products and offers on its marketplace, providing exposure to a vast customer base and driving Web3 adoption.
Unleashing the Potential of Startups in the Web3 Universe
To cultivate the growth of inventive startups within the Web3 sector, Elastos will extend an invite to Tencent Cloud to join the Elastos Ecosystem and provide support to the innovative projects arising from this vibrant community. This includes direct participation in Elastos’ upcoming ‘Destiny Calls’ startup grant programme that aims to offer valuable support and resources to startups looking to build decentralized solutions. Through the partnership, Tencent Cloud will have the opportunity to directly nominate startups for this program from their existing large ecosystem of partners.
Similarly, Elastos will become a partner to Tencent Cloud’s ‘Web3 Startup program’, offering valuable support and cloud resources for startups, whilst also having the opportunity to nominate startups for this program.
Additional Marketing Synergies
The partnership between Elastos and Tencent Cloud will include joint marketing activities, leveraging their respective digital channels to encourage shared initiatives and accomplishments. They will also participate in joint event activities at industry conferences and trade fairs, further amplifying their collective presence and impact within the Web3 space.
Future Innovations and Service Integration
Elastos and Tencent Cloud will continue to explore joint business and product development opportunities, aiming to integrate Elastos and Tencent’s platforms and solutions into new cutting-edge services. The two parties will explore the integration of multiple best in class service providers to give Elastos ecosystem builders and users multiple choices for Web3-related services, including identity solutions, further fortifying the security and expediency of user identity management in the digital landscape and creating a more seamless and secure digital experience for the growing community of Web3 explorers and advocates.
The strategic partnership between Elastos and Tencent Cloud marks a significant milestone in the advancement of Web3 and the creation of a more inclusive and secure modern internet. By leveraging Tencent Cloud’s expertise and resources, Elastos is poised to accelerate innovation and empower developers and startups to build the next generation of decentralized services and solutions within its ecosystem.
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos,” says Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
Together, Elastos and Tencent Cloud are driving the adoption of Web3 technologies, fostering a thriving and collaborative environment where the possibilities for decentralized applications and services are limitless.
Stay tuned for an upcoming webinar exploring the opportunities between Elastos and Tencent Cloud.
The article and graphics were created by the Elavation Team.
Singapore, June 13, 2023 – Today, Elastos, a decentralized Web3 infrastructure leader, announced that it will provide its decentralized identity solutions on the carbon-negative, layer-1 blockchain Celo.
Elastos’ open-source Web3 solutions will be available to Celo’s mission-aligned ecosystem of 1,000+ projects in over 150 countries. Dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide projects on Celo with W3C compliant decentralized identifier (DID) solutions, decentralized storage, and credibility scoring while dApps on Celo’s network will be made available through Elastos’ Essentials Super-Wallet.
Essentials has recently upgraded to provide native support for the Celo network allowing users to store, transfer, and manage CELO and Mento stable assets, and NFTs, while also providing access and use of dApps on Celo directly from the Essentials app browser with the ability to create custom widgets for use in the super dApp.
Some of the key benefits of this deployment will enable users on Celo to automatically create and manage self-sovereign DIDs with support for KYC, verifiable credentials, and personalized contact lists. Through Essentials, users will also be granted access to free decentralized cloud storage. As a native mobile super dApp, Essentials fits well with Celo’s mobile-first infrastructure and tech stack.
“For years, Celo has been leading Web3’s adoption in emerging markets through a platform that truly believes in the power of Web3 to provide greater global equity and inclusion,” says Fakhul Miah, Elastos’ global head of growth. “In many ways, we share a similar vision. For five years, Elastos has been quietly building a full suite of open source, decentralized technologies for identity, security, communication, data storage, and commerce to help foster the next generation of creative platforms, financial services, and business processes that allow true self-sovereignty and lets users forge their own digital destinies.”
Forthcoming applications of Elastos in the Celo ecosystem will also include bespoke DeFi solutions for individuals, enhanced DAO governance tooling, and will reward users for participating in circular economy models and climate action, such as carbon offsetting in a compliant and transparent manner.
“We look forward to continued collaboration with Elastos on decentralized identity solutions,” says Isha Varshney, Head of DeFi at the Celo Foundation. “A Web3 user’s identity is a key component of their overall experience and allows us to enable positive engagement throughout the Celo ecosystem.”
Celo is a carbon-negative, permissionless, layer-1 blockchain with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors on Celo. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native asset, and Mento stable assets (cUSD, cEUR, cREAL). Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects by developers and creators located around the world.
Elastos is a Web3 ecosystem powered by a suite of open-source, decentralized technologies for identity, security, communication, data storage, and commerce that give developers the hardware and software tools to build decentralized applications from games, to social platforms, DeFi, and marketplaces.
As the only Web3 ecosystem with a blockchain dedicated to DIF and W3C compliant decentralized identities (DIDs), a unique, secure dual-chain architecture and a hybrid consensus, Elastos champions self sovereignty, providing unlimited control, security and interoperability as well as grants and guidance for those who wish to build a truly decentralized web and forge their digital destiny.
Learn more: https://www.elastos.info
The article and graphics were created by the Elavation Team.
Witnet, a layer 1 decentralized oracle network and Elastos are partnering in an effort to build on Elastos’ transparent and secure financial suite for true decentralized trading, staking, lending and bridging on and off-chain through technology exchange and the extension of Witnet Foundation’s grant program.
Witnet‘s oracle will add a crucial component for developers looking to build the next generation of decentralized financial products with fast, affordable and efficient transactions, leveraging Elastos’ dual-chain architecture, identity solutions, Essentials super wallet and unique Elastic Consensus.
Elastos Smart Chain (ESC) is already receiving the ELA/USDT price feed from the Witnet oracle and through the partnership, developers can also easily receive other feeds in a permissionless way, utilizing different internet protocols like HTTP GET and POST to receive any publicly available API fed into their contract. These tools give developers building on Elastos immense power to both improve upon their protocols and build additional ones for new use cases.
And to encourage developers to build the next DeFi platforms on Elastos, the Witnet Foundation is extending its grant program to developers building within the ecosystem.
“Elastos is a very exciting and unique ecosystem in the web3 world and this collaboration allows developers to expand their protocols beyond typical EVM chains and gain true security from Bitcoin’s incredible hashrate and Elastos’s unique utilization of it,” says Ben, community manager for Witnet. “With cryptoeconomic security at the forefront of this partnership, Elastos developers can be sure they are getting security from the Elastos chain, and secure data into their contracts from a separate layer 1 that is Witnet.”
Take Control of your Financial Destiny
Powered and secured by the cryptoeconomic incentive of the $WIT coin, the Witnet network was purpose built to tackle the lack of authentic, truthful, and secure data available within closed systems like in blockchain. Witnet tackles this problem with its sophisticated consensus algorithm called Proof of Random Eligibility. This means that nodes are essentially anonymously and randomly selected based on their previous performance within the network and how honest they are. This prevents node collusion and front-running and negates common exploits in DeFi protocols caused by oracle attacks.
According to Witnet, it is the most secure oracle network in Web3 because of its advanced measures to protect DeFi protocols that rely on secure, immutable data feeds in their smart contracts. This is why the Witnet oracle is able to secure over $300,000,000 in on-chain value.
“Witnet is a top pricing oracle with a unique consensus that ensures it is one of the most secure in the industry. That’s not unlike Elastos, with our Elastic Consensus, and our industry-leading Main Chain that uses merge-mining technology of the Bitcoin blockchain to exponentially increase security,” says Fakhul Miah, Elastos’ Growth Lead. “So with access to a top industry pricing oracle and Elastos’ full suite of decentralized technologies for DeFi, as well as Witnet’s generous grants program, this partnership will usher in new opportunities for users to forge their financial destinies.”
The article and graphics were created by the Elavation Team.
Today, we’re happy to announce that the OTSIT Group, Asia’s sustainable community builder and Elastos have entered a strategic partnership to deploy Elastos’ open-source Web3 solutions throughout OTSIT’s housing projects across Southeast Asia.
With the only Blockchain dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide the OTSIT Group with W3C compliant decentralized identifier (DID) solutions, decentralized storage and personal credit scoring across their property developments.
Through the partnership OTSIT community residents will be able to automatically create and manage self-sovereign DIDs to log and track activities ranging from education to environmental behaviour, and map them to incentives such as enhanced credit ratings or access to other exclusive services. In all cases, citizens themselves will own and control access to any data and its corresponding use for other services via a mobile super dApp, Essentials.
In addition, Elastos’ DID solutions will be employed to track and verify each community’s environmental impact; the levels and efficiency of recycling, the re-use of resources as well as overall emissions levels which can then be analysed and compared those of other OTSIT communities across the region.
George Attewell, the OTSIT Group’s Founder and CEO explains that Web3 can play a unique and central role in shaping – and, importantly, measuring – projects that are genuinely sustainable.
“This is the essence of what we call ‘ComTech’; the power of ‘community technology’ to build, not only greener, but more self-sustainable lives for those who engage in our projects – from inclusive educational schemes to re-training and circular economics. Web3 provides for the first time the kind of tools to make these community solutions a reality; from incentivising participation to objectively tracking results. In short all three aspects of ESG – environment, social and governance can all be delivered through this radical and empowering approach to housing, technology and community,” he says.
“This is the essence of what we call ‘ComTech’; the power of ‘community technology’ to build, not only greener, but more self-sustainable lives for those who engage in our projects” – George Attewell
Indonesia is the first country in which OTSIT Group’s vision to build 5 million homes and communities throughout Southeast Asia over the next 15-20 years will be established.
“We are literally creating a ‘new suburbia’ for the region’s hardest-working and most productive communities, whose neighbourhoods have – all too often – been unplanned and the result of economic necessity, rather than social or environmental consideration. Such Web3 solutions effectively supercharge our ability to activate and incentivise such communities for the benefit of all.”
“Elastos continues to champion Web3’s adoption around the world through innovative collaborations with partners that truly believe in the power of new technologies to provide opportunities for greater global equity,” says Fakhul Miah, Elastos’ Head of Growth.
“In many ways, we share a similar vision to the OTSIT Group. For five years, Elastos has been quietly building a full suite of open source, decentralized technologies for identity, security, communication, data storage and commerce to help foster the next generation of creative platforms, financial services and business processes that allow true self-sovereignty and lets users forge their own digital destinies. This partnership will be a great demonstration of our shared visions can be implemented in a way that protects, not only people’s identity, but also the planet,” he said.
As the project rolls out, both partners are also committed to extending further benefits of Web3 directly to the communities involved.
“The potential opportunities extend beyond monitoring and incentives. At the heart of Web3 is the idea of participation through structures such as decentralised autonomous organisations (DAOs) which will enable citizens to play an active role in decisions impacting their communities, while providing 100% transparency for how these decisions are made,” adds Fakhul.
About the OTSIT Group
The OTSIT Group is a comtech specialist, using next generation technology to create sustainable, urban communities across Southeast Asia. Indonesia is the first country in which the Group’s vision to build 5 million homes and communities throughout the region over the next 15-20 years will be established.
Communities will include schools, smart water treatment facilities, micro-solar community solutions, floating solar solutions, hydrogen energy plants, electric vehicle (EV) charging facilities all powered by solar stations, in addition to permaculture, healthcare and wellbeing services and shopping centres.
OTSIT will create potentially ‘true zero’ carbon standards utilizing latest technologies – including Web3 – as well as an international-class waste management, collection and re-use programme. The aim is to reduce landfills and transform waste into hydrogen and biomass fuels, while OTSIT’s own plastic waste management system will help reduce the levels of plastic currently being discharged into local rivers and oceans; an acute issue in Indonesia and much of the region.
The article and graphics were created by the Elavation Team.