Important Announcement: InfoCorp Foundation Appoints Roy Lai as New Chairman

Dear Sentinel Chain Community,

We would like to announce the appointment of Roy Lai as new chairman of InfoCorp Foundation effective 15 August 2018. The boards of Infocorp Foundation and Infocorp Agtech will relinquish their current roles to focus on further development of the blockchain ecosystem.

Roy remains CEO of InfoCorp Technologies as he concurrently serves as chairman of InfoCorp Foundation.

InfoCorp Foundation board has been led by esteemed veteran industry leaders comprising of Mr Chia Hock Lai (President of Singapore Fintech Association), Mr Anson Zeall (Chairman of ACCESS) and Ms Zann Kwan (Board member of ACCESS).

In brief, InfoCorp Foundation was established to govern and supervise the issuance of the Sentinel Tokens and to promote the growth, safety and harmony of its ecosystem. InfoCorp AgTech is responsible for the successful development and operation of the Sentinel Chain and a wholly owned subsidiary of InfoCorp Foundation. InfoCorp Technologies is the technology company engaged to implement Sentinel Chain. Full details of these entities and responsibilities are in the Sentinel Chain Whitepaper.

In order to meet up to the challenges of our post-ICO phase, the existing board of the foundation and InfoCorp Agtech board has decided to appoint the current CEO of InfoCorp Technologies, Roy Lai, to be chairman of the Foundation.

The Sentinel Chain team would like to thank the exiting board for their valuable insights and leadership. The exiting board would also like to thank Roy Lai, the CEO of InfoCorp Technologies, for his groundbreaking vision and wonderful time working together on the development of the Sentinel Chain.

“I will endeavour to share a credible plan with our community to explain our next steps in a week or so, and on how we will regain the confidence of our community.
Sentinel Chain is a project designed to bring hope to the underserved and we have never once lost sight of this objective. However, Sentinel Chain is a marathon and not a sprint. I urge our community to remember the journey we have embarked together since May last year. We have seen our fair share of ups and downs — from our KYC incident, to the pledge demonstrated by our community in our Proof-of-Support campaign and finally to the successful completion of our public sale and the listing of SENC on gate.io within the first month after our ICO.
At every step, we have surmounted hurdles along the way and I thank our community for not once giving up on us. Now, I ask for our community to give us the courage and support to continue with our journey ahead”.
Roy Lai, Chairman of InfoCorp Foundation and CEO of InfoCorp Technologies.

Please join us to welcome Roy Lai on board and wish him success.

Best Regards,

The Sentinel Chain Team

About InfoCorp Foundation

InfoCorp Foundation Limited (IFL) is a Singapore-incorporated public company limited by guarantee, set up to provide affordable and secure financial services to the unbanked via the Sentinel Chain, a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Taking a unique approach to the last mile problem of financial inclusion, the Sentinel Chain model establishes livestock provenance through the creation of livestock insurance on blockchain — the registration of livestock provenance on blockchain provides the unbanked with a new opportunity: the real possibility of accepting livestock as ‘collateral’ for loans. Sentinel Chain is a project developed by InfoCorp Technologies.

About Sentinel Chain

Sentinel Chain is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Taking a unique approach to the last mile problem of financial inclusion, the Sentinel Chain model establishes livestock provenance through the creation of livestock insurance on blockchain — the registration of livestock provenance on blockchain provides the unbanked with a new opportunity: the real possibility of accepting livestock as ‘collateral’ for loans. Sentinel Chain is a project by InfoCorp Technologies.

About InfoCorp Technologies

InfoCorp Technologies Pte. Ltd. is a fintech company that provides the infrastructure to accelerate financial inclusion to unbanked and underserved communities through the use of blockchain technology. It designs solutions for small bank consortiums in emerging countries to facilitate inter-bank transactions using distributed ledger technologies and provides consultancy services to clearing house and central banks on implementations and testing of real-time payment systems, and also to corporate clients on implementations and operations of distributed ledger technologies for production use. For more information:https://infocorp.io/

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