Gingkoo Shares Its Vision to Empower Economy by Using Blockchain at the UN GA
Posted on October 24, 2018
Gingkoo Technology of Shanghai presented its vision on being a leading blockchain company in China during the Cryptocurrencies & Blockchains Forum at the 73th UN General Assembly.
(Oct 30, 2018 New York) Gingkoo Technology of Shanghai presented its vision on being a leading blockchain company in China during the Cryptocurrencies & Blockchains Forum at the 73th UN General Assembly. Gingkoo’s founder and CEO William Zuo gave a speech on how blockchain has been applied to the economy at the global conference in New York.
Gingkoo founder William Zuo speaks at UN
Representing Georgia, France and Germany, the Leading Group on Innovative Financing for Development invited experts from government and private sectors to provide insight into blockchain technologies and the potential impact on development. Blockchain technologies are critical to finance the 2030 Agenda and the Sustainable Development Goals.
Gingkoo’s founder, William Zuo shared his vision on blockchain with government officials, experts and entrepreneurs. He pointed out that blockchain technology should serve society from five tiers of the economy: government, financial institutions, large corporations, small and medium size enterprise (SME) and individuals.
Zuo says, “Blockchain should have two core values: one is the trust machine, with trust by coding and programming. The other is to build the next generation value internet.”
Gingkoo, the Shanghai based fintech company has successfully applied blockchain technology to serve government and financial institutions clients worldwide.
In Guangzhou, Gingkoo has guided local government in adopting a blockchain solution to improve government affairs and transparency, which has been awarded as the top 10 Blockchain Application by China Ministry of Information and Industry. They also created a garbage classification solution by using blockchain+IOT technology for the local governments. The company deployed a food traceability project from northern china to address the problem of food safety concerns in China.
In the financial services arena, Gingkoo’s cases include payment and tax solutions, supply chain finance and Regtech solutions. Gingkoo’s clients include major commercial and central banks such as HSBC, Citibank, Morgan Stanley, Deutsche Bank and UBS etc.
As the biggest solution provider for CIPS, China cross border payment system of China central bank, Gingkoo has been a key player to support the country’s one Belt one Road Initiatives and to develop blockchain-enabled cross-border, cross-currency and cross-asset payments and logistics solutions, which could revolutionize the supply chain finance sector worldwide.
Meanwhile, David Ritter, CEO of Penta and co-founder of Gingkoo, Florie Zheng joined the meeting and shared Penta’s work progress on blockchain. Penta, a public chain, is leading the solution of identity issues for the homeless population in US west coast cities. In July 2018, Penta was the first blockchain crypto startup to complete acquisition of shares of AXS listed Australian IOT tech Company, CCP Technologies, using Penta’s PNT Cryptocurrency.
(L-R) Florie Zheng, David Ritter of Penta at UN
Zuo pointed out the other advantage of blockchain is to resolve the trust issue among SME. Gingkoo has used blockchain technology in Xiamen City to help SME financing and individual credit information sharing. This case was one of the first successful attempts in its field and was shared by Zuo at the Berlin World Bank SME Financing Summit in Nov. 2017.
As Gingkoo aims to be the first blockchain application solution provider in China, Zuo shared his vision on the future of blockchain, “I think blockchain should be green, inclusive and productive. I think everyone in the future will deserve opportunity of the blockchain.” His speech has been applauded by hundreds of attendants at the UN event.
On September 4 and 5, Wiliam Zuo gave a speech as an honored guest at the Organization for Economic Co-operation and Development (OECD)’s first ever Blockchain Policy Forum in Paris, which was considered one of the high-level discussions with a range of public officials and private leaders from all over the world.
William Zuo Gingkoo CEO speaks at OECD Blockchain Policy Forum in Paris
About Gingkoo and Penta
Gingkoo Technology (www.gingkoo.com) is a Shanghai based leading Blockchain technology company established in 2014. It helps build complete blockchain solutions in banking, financing and government. Gingkoo has raised about 23 million dollars or 160 million RMB led by Zhongnan Investment Group (SZ.000961).
As a member of China's Ministry of industry and information and the National Standardization Management Committee, Gingkoo Technology participates in the formulation and compilation of several national standards of blockchain, and several district chain experts have been selected as members of the ISO/TC307 international standard specialist group. Gingkoo is the first company to receive the prestigious Million RMB Award for Blockchain from the Shanghai municipal government, recognizing Gingkoo’s outstanding contributions to blockchain development. In explaining their decision for the award, the government cited Gingkoo’s credit chain as a groundbreaking project that enables SMEs to gain access to credit.
Penta (www.penta.global) is a joint project of permissionless chain by Gingkoo and an American team. The goal of Penta is to achieve a fast-decentralized infrastructure compared to ETH and EOS. Penta has raised 30 million dollars in private funding, invested by crypto funds including Draper Dragon, Node Capital, Block VC and LD Capital.
Image courtesy of UN and OECD