Looking back at the history of blockchain development, before the advent of Bitcoin, no one could have imagined transferring money from one account to another securely without any financial institution in between, such as a bank. Blockchain technology presents a radical and groundbreaking new way to conduct all forms of transactions over the Internet. The advent of Bitcoin and blockchain has brought many changes to the financial world, even the world economy that was previously run using Fiat currencies.
After more than 5 years of in-depth research on the macro economy of the Mekong Sub-region and developing blockchain technology for the “One Mekong, One Meal” (OMOM) economic initiative, Dr. Tran Cong Doan and Dr. Vo Xuan Truong, the two authors of the “One Mekong, One Meal” Macroeconomic Initiative, continue to prepare to announce a blockchain project GCN Blockchain, a blockchain project designed to help comprehensively digitally transform the global economy.
Dr. Vo Xuan Truong said: “GCN Blockchain will help promote job opportunities and promote growth for the world economy in a sustainable and strong way through recording the transparency of transactions and transaction values while creating more jobs through the Smart Contract function and Dapps (Decentralized Applications) so that each individual can create new jobs and call for cooperation, from passively applying for jobs according to the salary set by the employer, workers proactively create projects for themselves according to the needs of the world economy to attract people with the same passion or need to work on the basis of equality and transparency of smart contracts in the sharing economy and circular economy.
With their findings, the two doctors are ready to create a transparent and public digital transformation for transactions and transaction values of the world economy through recording transaction values with GCN digital assets. The popularity of smartphones and the Internet has made the value of recording transactions of GCN Blockchain more abundant, popular, easy, transparent and valuable. GCN Blockchain promises to be a truly invaluable digital asset in the future when it officially runs on October 10.
"The most valuable resource in the world is no longer oil or gold but data and digital assets. We created GCN Blockchain to help make transactions and the value of transactions of the economy more transparent and fair" - Dr. Tran Cong Doan shared.
The world economy seems to be extremely complex but from a certain perspective, the world economy is an ecosystem of markets operating with an extremely simple mechanism with extremely simple principles: transactions. These simple transactions are repeated many times and are driven by human needs and it will create three main factors to operate the economy. That is Productivity growth; Short-term debt cycle; Long-term debt cycle.
With their in-depth research on macroeconomics, blockchain technology applied to the OMOM economic initiative and the superiority of Vietnam's unique socialist-oriented market economy model, the two doctors proposed and started building GCN Blockchain. With the Proof of Asset/Proof of Wealth algorithm and based on the value reference system of Basic Labor Value in the "New Basic Labor Value Theory" by Dr. Vo Xuan Truong, GCN Blockchain will be a global decentralized number that records all transactions and transaction values of the world economy according to a closed economic program and the value of transactions will be converted to Basic Labor Value and it is defined as GCN token, a certificate recording digital assets for participants of the world economy.
This promises to be a new trend of the world economy in the near future."GCN Blockchain will officially deploy the experience to a wide range of users in early November 2023.
Readers can learn more about GCN BLOCKCHAIN and the digital asset “Great Crypto” according to the information
below.
Website: https://greatcrypto.network/
Mainnet: https://explorer.greatcrypto.network/
GCNExchange: https://dex.greatcrypto.network/
Thanh Truc
