Four blockchain projects partner to improve internet and financial services in underserved regions
From Investing.com
December 5, 2024 8:30 PM:
Four blockchain projects, Creditcoin, Spacecoin, Sui, and Walrus, have formed a strategic partnership to improve internet access and financial services in underserved regions. Creditcoin will handle financial transactions, Spacecoin will provide internet access via satellites, Sui will offer secure computing, and Walrus will manage decentralized storage.
This partnership aims to address challenges like unreliable internet infrastructure and lack of financial access in underserved regions by combining blockchain, satellite technology, smart contracts, and decentralized storage. Spacecoin’s satellite network will provide reliable internet access, while Creditcoin enables secure financial transactions, empowering peer-to-peer transactions without centralized intermediaries.
The integrated approach of the partnership is focused on providing practical solutions to bridge the gap in internet and financial services for nearly 37% of the global population without internet access. This initiative will enable users in underserved regions to participate in the global digital economy, build credit histories, and access modern financial tools.
Creditcoin is a Layer 1 blockchain connecting borrowers and lenders in emerging markets, creating a transparent credit network. Spacecoin aims to deliver high-speed, decentralized internet access using blockchain and LEO communication nanosatellites. Sui is a Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, secure, and accessible. Walrus is a decentralized storage network for data and rich media content.
Overall, this strategic partnership between Creditcoin, Spacecoin, Sui, and Walrus aims to provide internet access and financial services to underserved regions using blockchain, satellite technology, smart contracts, and decentralized storage. The collaboration will empower users to participate in the global digital economy, build credit histories, and access modern financial tools, bridging the gap for those without internet connectivity.
Read more at Investing.com: Four Blockchain Projects Join Forces to Deliver Internet and Finance via Satellite Infrastructure By Chainwire