GoChain Unveils Global Acceleration Program For Sustainability (GAPS)
RENO, USA — July 30, 2020 — GoChain, a leading provider of distributed ledger technology and creator of the GoChain enterprise-grade public blockchain network, today announced the launch of its Global Acceleration Program for Sustainability (GAPS), designed for non-certified, small-scale businesses and cooperatives worldwide.
GAPS participants will be able to harness latest emerging technologies, including blockchain, to cost-effectively pursue chain of custody, sustainability and other related certifications; leading to not only positive environment, social impact and community stewardship but also potentially the ability to earn higher incomes and achieve a better livelihood. Most small scale, artisan producers & harvesters do not have the means and resources to individually achieve such certifications. Accordingly, GoChain in collaboration with select partners, will work to support sustainability projects globally and provide qualified candidates with a cost-effective path towards sustainability and chain of custody certifications.
“Farmers, fishers, ranchers and all those responsible for the harvest, catch and / or raising of food sources are the lifeblood of our global agriculture and fisheries supply chains. Despite their critical importance, often these harvesters and producers are marginalized, underpaid, exploited, and work daily in challenging conditions. Additionally, many also lack the knowledge, means and incentives to operate responsibly and sustainably, resulting in considerable waste, community loss, and environmental & ecological degradation. The considerable personal and environmental impacts are of paramount concern and many organizations globally are working to develop novel solutions to address and remedy these challenges. GoChain is proud to launch and offer its GAPS initiative to help tackle these complex problems by providing technology-driven solutions and offering a unique global group track and trace scheme designed to improve personal livelihoods, positively impact communities and to support conservation, biodiversity, and sustainability initiatives globally.”
GoChain CEO Henry Ines
The GAPS initiative consists of two distinct opportunities: a group chain of custody as well as an unique microfinance program.
Qualified GAPS participants will be able to utilize GoTraceTM on a group discount basis to track and trace their products as they move through the supply chain. The goal of this program is to help small scale producers on a group basis to accelerate their timeline towards meeting sustainability and environmental standards. All products that are able to be end-to-end, chain of custody verified on the GoChain public blockchain via GoTraceTM will be designated a “GO Transparency Verified” product, which will serve to feature the producers and their products to socially- and environmentally-minded consumers and buyers. Ideally, group participants will be able to steadily grow their business, phase out of the GAPS program, and eventually achieve target standards and certifications.
Additionally, the GAPS initiative will also provide $GO token holders an opportunity to support sustainability and small businesses globally as well as the GoChain ecosystem through a novel staking pool program, which is designed to uniquely subsidize qualified GAPS participants to utilize the GoTraceTM System. Participants will be able to utilize GoTraceTM for a period of time, on a renewable basis, to enable blockchain-based track and trace and pursuit of chain of custody designations; as well as to help put the collective businesses on a path towards enhanced growth and sustainability. For their staking support and participation, $GO stakeholders are expected to receive a return, based on their staking with a GoChain Foundation node and the corresponding pro rata rewards, along with the return of principal contribution. The opportunity to stake tokens will be limited initially and on a first-come basis.
GoChain was founded in 2017 with the mission to drive the adoption of blockchain technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts.
Additionally, GoChain developed its own Ethereum-compatible distributed ledger which, at 1,300 transactions per second, is the fastest, most sustainable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits including Lenovo, DISH Network, and Conservation International to validate transactions
GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook.
GoTrace is a turnkey blockchain-based Software-as-a-Service (SaaS) track and trace platform. Through intuitive web- and mobile -based applications, users can map out supply chains to track and trace products and record chain-of-custody and other transactional related metadata on GoChain’s public distributed ledger (blockchain). Every event, whether a geolocation ping or a transfer from one stakeholder to another, is recorded cryptographically as a transaction and able to be easily audited on GoChain’s immutable public blockchain. GoTrace also provides customers with analytics, machine learning, reporting and timely alert functionalities. A curated list of tagging and sensor solution partners is also offered on the GoTrace platform to accommodate customers and support the track and trace of a broad range of products globally. Products that are blockchain authenticated and end-to-end traced via GoTrace will be designated as GO Transparency Verified. For more information, visit https://gochain.io/gaps