Mexican Government to Test Blockchain in Public Contracts

According n ational digital strategy coordinator blockchain technology would eliminate the "easily corruptible" human element 
05 April 2018   554

Mexican authorities had been working on the bids tracking project for public contracts with blockchain. This is reported by Coindesk.

Speaking at a tech conference in Jalisco, Mexico's national digital strategy coordinator Yolanda Martinez detailed Blockchain HACKMX, a project she said has been in production since last September. The system was initially developed by a team of university graduates whose design won a contest calling for blockchain solutions that can help improve public services.

Yolanda Martinez, Mexico's national digital strategy coordinator told at a tech conference in Jalisco about Blockchain HACKMX. According to her, project is in the production from Septmber 2017. Initially, the system was developed by a team of university graduates whose design won a contest.

With blockchain applied to public contracts we'll be able to know whether a company that provides services to the government is trustworthy.
 

Yolanda Martinez

National digital strategy coordinator, Mexico

Martinez told attendees that the technology would eliminate the "easily corruptible" human element and introduce transparency to the public tender process. Records of the bidding process will be stored in blockchain with ability to be checked after the fact.

At the momeent, there's no tech info about the project, but Debate's report suggests the project will eventually be rolled out to the public, with the government eyeing it as a solution for state and local governments in particular.

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   110

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.