GroundX: Resolving Eco-Social Major Painpoints in Disaster Recovery thru Klaytn

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(Makati City, Philippines) May 15, 2019 –  GroundX sponsored a blockchain meetup with the theme “Smart Contract Platforms Today: Looking Beyond Ethereum” in Acceler8, Makati City last May 4, 2019. Attended by experienced blockchain technology developers, entrepreneurs, and students from different schools, the meetup discussed, compared, and contrasted the features of Ethereum, iOST, and Klaytn platforms. Almost 100 participants attended the event.

Smart contracts are self-executing contracts with specific instructions written on its code which get executed upon meeting certain conditions. Learn more about Smart Contracts.

Ethereum is a platform and a programming language that works with any developer to build and publish next-generation decentralized applications. Today,  many blockchains and dapps are built on ethereum.

GroundX is the blockchain subsidiary of South Korea’s largest mobile platform Kakao, with over 50 million monthly users. Said to combine the best of public and private blockchains, Klaytn by GroundX is an enterprise-grade, service-centric platform secured by “decentralized trust”. During the meetup, GroundX introduction and keynote are lead by KiJun Sung, Senior Manager and Minjee Kim, Manager for Economic and Social Impact.

 “The goal is to disrupt the fundamentals of blockchain by developing a scalable blockchain platform with tangible and practical blockchain services.” – KiJun Sung

Mr. Sung also explains Klaytn’s aim is to provide economic and technical experience to developers and users.

Minjee Kim presented one use case of the blockchain platform during disaster relief initiatives, which, she said, often involve overlapping of roles and responsibilities among the relief organizations.

“Klaytn addresses the economic pain points as a blockchain solution that is traceable and immutable while offering co-ownership of the decentralized ledger to several non-actors involved in relief operations.”

As the meetup ended with attendees gaining fruitful knowledge about different blockchain platforms, Klaytn invites everyone a virtual hackathon designed to enable all developers around the world to participate. This is Klaytn’s first blockchain hackathon where developers can create BApps (Blockchain Applications) on its public testnet, Baobab. Klaytn allows developers to build service-centric, user-oriented BApps. Register before May 31, 2019.

This article first appeared on BitPinas: GroundX: Resolving Eco-Social Major Painpoints in Disaster Recovery thru Klaytn

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Raquel Marasigan

    A graduate student of Applied Business Analytics at the University of Asia and Pacific, Raquel’s interest is to bring together innovators, the public, and the government to advance their understanding of cryptocurrency in financial markets Her advocacy leans towards the adoption of blockchain technology that will help Filipinos to be the global change maker through article content [telegram @raqs]