SINGAPORE - Media OutReach - 1 July 2019 - On June 28, 2019, Singapore's BOB public chain wasreleased globally and the second " Things circulate all over the world; Money circulates allover the world. " Global Summit Forum has been held in Phnom Penh,Cambodia. Singapore BOB Technology Foundation Company limited and WillettCambodia Co., Ltd. signed a strategic cooperation agreement on BOB's bottomsupply chain, officially announcing that Willett will become an applicationservice provider for the BOB Technology Foundation in Singapore.
With block chain as the underlying technology, BoB publicchain creatively proposed the world's first " connecting things with money" business model. BOB'ssupply draws on the advantages of bitcoin and distributed book technology toredefine traditional concepts such as assets, currencies, property rights,investments and transactions. The C, B and F ends can reach a consensus throughthe ecosystem established by BOB's supply chain and through mutual benefits,thus constructing a set of decentralized and highly trusted value transmissionand exchange ecosystem.
The concept of connecting things with money is a new advancedtheory based on the dual technologies of mobile payment and digital currency.Maximize the investor's principal and income by opening modern money onlinepayment settlement gateways and digital cash bidding for gold and real rights.Through the commodity trading and circulation, the application scenario ofpayment settlement is continuously developed, and finally the closed loop oflogistics and gold flow is realized.
Mr. Lu, the head of BOB publicchain technology team, believed that DLT will provide all the organizationsunder the current social system with the necessary advantages, effectivelyenhanced the competitiveness of each link in all aspects of market circulation,and truly empowered supply chain nodes. As the first person to understand thevalue of the public chain of BOB, General Mao Chiwen pointed out at themeeting: "The blockchain technology will further flatten the internationaltrade supply chain, thus helping to reduce the internal operating costs of alllinks in the circulation. The key to change the pattern of the world was tostart with payments so that every payment and settlement can bring benefits tothe participants, bringing together the power of everyone and maximizing there-launch of the world."
In addition, Singapore's BOB Technology Foundation alsoproposed to establish an ecological alliance with BOB public chain as thebottom technology layer and CPT as a common settlement tool to achieve aconsensus on technical and commercial applications. Through continuous groundapplication, the BOB Ecological Alliance would open up the cross-border goldflow payment, real logistics service matching and settlement, on-sitesettlement and liquidation of all sectors in the future consumptionenvironment, and realized the highest mission of building an internationalpayment platform with CPT as the bottom layer of payment and settlement.