Blockchain adopted in Austin  to support the Homeless

A new blockchain platform is being launched in Austin in order to resolve identity problems relatively to its homeless people
17 April 2018   550

Austin was chosen alongside with the other 35 cities as a participant of the Mayor’s Challenge Program, sponsored by Bloomberg Philanthropies. The top one from the rest 35 will win $5 million.

Identification is one of the main difficulties that obstacle the homeless to get housing, potential employment, and medical care and the other important services. Austin believes that blockchain may help in solving these challenges. Blockchain technology can found unique online identifiers for homeless people. It let them to reestablish their historical records and assist them overcome poverty.

At a high level, the pilot is trying to figure out how to solve one of the challenges we have in our community related to the homeless population, which is how to keep all the information of that individual with that individual. 
Steve Adler, the Mayor, Austin

The blockchain project`s aim is to reinforce previous identity records and identify each homeless individual safely and confidently when letting seamless pass to data by a service worker. “There are all kinds of confidentiality issues that arise when you try to do that, so the thought was that blockchain would allow us to bridge that need,” claimed Adler.

So, inconvenient paper records can be replaced with digital electronic encrypted information which will be more distinct and secure. The blockchain-based platform could also help service providers authenticate a homeless person’s identity without going through existing paper records or  bringing someone back to the office for processing.

Records on the blockchain, unlike the paper ones, can be shared betwixt various  providers easily, especially new records that need to be added over time. Having a historical record of a personality is very important, especially in healthcare where any new or updated information can be critical for people.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.