[Blockchain Today Reporter Ji-eun Lee] The traditional mutual aid community from the ancient Korean peninsula, the microfinance community, has been reborn as a blockchain platform-based platform’GYEDOM’.
The original purpose of GYE is to create and operate a certain protocol (protocol) for the purpose of mutual aid, friendship, integration, and common interests of participants. Guidom maintained this characteristic of the system and implemented it on the blockchain.
First Option, the leading multinational development company, said, “The world’s first intrinsic sharing concept of the system was implemented with a blockchain algorithm. We are developing a new K-culture and system platform that operates as a smart contract with a large number of participants with small-scale virtual assets.” Said.
This is a method in which participants (members) autonomously create conditional blocks (services) and nominate virtual assets to participate (pay) in a sequential manner according to the coded order and protocol of conditions.
As a method of reducing the risk of traditional microfinance and system, virtual assets are cross-(cross) participation (payment) by insurance method (staking), and credit status is measured through AI (artificial intelligence) to differentiate participants. Separately, adjust the asset size of the participation block.
The Korean microfinancial community occupied a large portion of the private economy and culture, with a record that ‘900,000 people formed the gye in the Joseon era’. Foreign examples include microfinance in the form of mutual aid, such as Omori in Japan and Gold Day in Turkey.
The GYEDOM platform is expected to become a global standard case that can reduce the serious polarization of capital and solve the difficulties of asset flow by expanding the Korean culture to the world and mutual assistance within the participation block.
The Gaidum platform is a service that allows members to safely manage digital assets such as Bitcoin and Ethereum from risks such as external hacking or loss of security keys, and participate in various protocols (products) including staking to manage assets. Delegated Proof of Stake (DPoS), a consensus protocol, is an algorithm in which virtual asset (cryptocurrency) owners make consistent delegation and decision-making.Through this, members autonomously create participation blocks (delegated proof of stake) to increase the value of assets. We aim not only for the purpose, but also for a shared community platform that is optimized in the common field of hobbies or lifestyles that are interests of the community.
It is the closest model to which the fourth fintech, DeFi (decentralized finance) can be applied, as well as files such as JPEG, GIF, BMP, PNG, MP3, MP4 .wma, real estate such as buildings, and antique art objects in small units. When DeFi and NFT are activated, participants (members) participate jointly as small-scale virtual assets by using a community block that can be divided into NFT (Non Fungible Token: Non-Fungible Token) form. By (investment), the increase (revenue) of the asset value will be shared.
According to First Option (CEO: Tina Canon), the GYEDOM platform is currently on the verge of a pilot release.
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