In early 2018, GB Systems which is a Single Global Decentralized Ethereum and Blockchain Platform was launched. It services clients in the international banking system, involving several European Union Territory, American, and Russian banks including the Bank of China. It creates relationship cases with payment service providers, banks, financial institutions, auto-shows, car services, restaurants, cafes etc. and is based on a tokenised system which carries value within its global ecosystem. Although still far-off from being a Single Global Blockchain Platform, because it covers only a limited area of business and banking but it is certainly a step in that direction.
It was recently announced in August, that Australia will be soon be having its first national cross-industry, large-scale digital platform that enables Australian business entities to collaborate by using blockchain based smart legal contracts. CSIRO’s Data61 formed a consortium with legal firm Herbert Smith Freehills and IBM to build this platform called the Australia National Blockchain (ANB) which could become the vital piece of infrastructure for the nation’s digital economy, enabling companies Australia-wide to join the network and use digitized contracts, exchange data, and confirm the status and authenticity of legal contracts. This comprehensive move towards smart legal contract adoption that’s supported by the government is only at national level, at the moment, but hints of a future platform that will be adopted globally by countries and their governments.
A multi-national startup called FINTERRA is currently growing and developing rapidly its FINTERRA ecosystem to provide ‘Social Solutions for Blockchain’ globally. The FINTERRA network is highly evolved and is deemed as setting the industry standard for tokenisation, smart contracting, ultra-ledgers, and consensus features. Its GALLACTIC Blockchain Platform is an infinitely scalable, high-speed blockchain to execute the next generation of Smart Contracts and decentralized applications of the future. GALLACTIC’s Open Source Development Environment and Interoperability are part of its innovative multi-chain Blockchain Architecture that offers expediency and cost saving to its users besides versatility and efficiency while maximizing security, via its ability to support permissioned (Private) and Public blockchains on the same platform.
FINTERRA’s use cases include Points Exchange, Endowment (WAQF) Chain, and Money Services. Its WAQF endowment chain initiative is currently being developed to open a whole new financial frontier in the Islamic FinTech sector. Therefore, could all the above be a step towards the Single Global Blockchain Platform of the future?
Uservice by Uremont is a decentralized blockchain platform that revolutionizes the global car industry, in how cars are bought and sold, how records are kept, where car workshops and suppliers of parts are all linked in a transparent system. Transactional costs are reduced tremendously with greater efficiency and convenience introduced for car owners to enjoy. Car insurance companies are also involved which will optimize their services to car owners making ‘Uservice’ a very comprehensive platform. Is this a small piece of the giant jigsaw puzzle of what a Single Global Blockchain Platform will look like in the future?