Noah Project Develops Blockchain-Powered Cities in the Philippines

The futuristic concept of seasteading has been supported by forward-thinking businessman such as Peter Thiel (co-founder of PayPal). Many technology entrepreneurs believe in the benefits of a sovereign island-state where the bureaucracies of traditional nation-states are a thing of the past and citizens can participate in their own decentralized economy.

Implausible as they may seem, these seemingly utopian ideas might be a step closer to reality as the world’s economy opens up to blockchain technology.

The Noah Foundation is a non-profit organization that looks forward into these possibilities. It develops the Noah Project that embraces the socio-economic implications of blockchain technology and envisions a “borderless world” made possible through blockchain and its own Noah Coin.

The Philippine-Japan Investments and Cryptocurrency Forum established that, “Blockchains are ledgers of transactions created by a global network of computers. Each of these transactions has a digital signature that cannot be forged. This growing technology has created a new way of making and recording financial transactions without any central authority.” A definition that sheds light on how a decentralized ledger opens the possibility for economies that are not dependent on nation-state politics. This is much in line with the concept of seasteads.

Accordingly, the Noah Project started to use the new technology to boost international economic relations in a decentralized fashion. Its team develops a variety of promising projects in the Philippines and it opens the doors for a more efficient remittance service.

Among these projects is the creation of the luxurious Noah Resort. The Philippine island of Mindanao is set to become a blockchain-friendly tourist attraction in the heart of Zamboanga del Norte in which the Noah Resort will be a world-first in the acceptance of cryptocurrency payments. Once there, guests will be able to use Noah Coin to partake in all resort activities including three tennis courts, billiards and a bowling alley, a world class golf course, ATVs, zip lines, a fully fitted airsoft facility, rappelling, horseback riding, rock climbing, wakeboarding, and much more.

Noah Foundation Director Josef Werker stated that,

“When Japanese tourists visit Dakak they won’t need to worry about having yen or pesos as long as they have their Noah Coin. They can use this to pay for everything or get discounts, freebies, and special experiences they couldn’t get unless they pay in cash.”

Another interesting development is the Noah City, a real estate project being built in Horizon Manila, a future largest business district in the Philippines. The Noah City will be fully operational in the district by 2023 and will also offer benefits for Noah Coin holders who will be able to transact using the token.

At the basis of the Noah Project’s efforts is its remittance service. Noah Coin simplifies the process for more than 10 million overseas Filipino workers who send up to $26 billion every year to support relatives in their home country. These remittances are vital to Philippines’ economy and Noah’s blockchain solution reduces the service cost from 10 percent to 3 percent.

Just recently, the Noah Project also introduced a new mobile app known as Noah Wallet for Android. This user-friendly application enables people to create a blockchain wallet where they can store, send, and receive Noah Coins almost instantly. Noah Wallet is a great improvement to the project’s remittance service and is set to be the basis of its whole ecosystem.

The Noah Project leads the way for blockchain integration into our lives and creates an unparalleled experience for people who want to take advantage of the disruptive technologies today.

Be sure to stay updated on the Noah Project by visiting the official website and joining the community.