Korea’s first blockchain project BOScoin (BOS) announced today that it had entered into a Memorandum of Understanding (MOU) with Korea Cashback Inc. at the Seoul Center of Korea Tourism Organization, forming a strategic partnership with the company to develop a global travel platform (tentatively named “Woti”).
BOScoin is planning to introduce the distributed-network-based Human Identity Authentication for Woti, a platform which provides useful information for travelers using LBS (location-based service), so as not to violate personal information protection acts that are strengthening worldwide, more specifically the General Data Protection Regulation, Europe’s personal information protection act.
Woti will be serviced via a mobile app, providing travel and commercial information that can be helpful for FITs (Free Independent Travelers). The platform will also allow users to play in-app games or solve quizzes and let them earn rewards, such as entrance tickets or discounts at hotels or restaurants, anywhere in the world. This global platform, where travel agencies and travel service providers can participate from around the world, is working to accelerate the launch of new services by developing partnership support programs.
“We signed an MOU with Korea Cashback because we considered the company to be a suitable partner for us to expand the business into a global platform, with its outstanding know-how and achievements in the domestic travel industry. We are going to hold a BOScoin Partner Community Meetup soon to showcase the partnerships and the progress we have made to date.”
BOScoin is currently developing “BOS-Net,” a blockchain-based MainNet for public financing, and is striving to discover and nurture corporations that will run financing projects on BOS-Net through its “Reverse ICO Partner Program,” announced during the June community meetup.
BOScoin is a self-evolving cryptocurrency platform for Trust contracts. “Trust Contracts” will provide a decidable and approachable framework for creating and executing contracts on the blockchain.