DECENT, which is a developer of an open-source ecosystem powered by the blockchain recently collaborated with TTC Protocol. TTC Protocol is an incentivizing protocol for social media communities. The two companies will work together to create a developer community named git.eco.
DECENT will invest its expertise in platform creation while TTC Protocol will offer the TTC Reward Engine technology. This will ensure fair distribution of rewards to developers on the git.eco platform.
What TTC Protocol Leadership Group Thinks
The CEO of TTC Protocol Brian Cheong said that he believed in the power of collective intelligence. He was a firm believer in the idea that when people work together towards a common goal, it usually generated a better and bigger impact on the world.
This expansion will lead to DECENT setting up an office in Seoul. It will also see the company work to promote its services, technologies, and brand. DECENT chose Seoul since it plays a major role in its recognition by the blockchain community. Besides that, it represents a major share of the crypto market.
How This Partnership Will Work
These two companies will work with other companies, which wish to augment their businesses via the blockchain. They will also help companies that wish to develop models based on token economies. DECENT will also assist companies which wish to launch ICOs.
If a company wishes to work with TTC Protocol and DECENT, it will need to have a business model that will extend the DCore. This is the core technology for DECENT; it is a platform powered by the blockchain.
This partnership also has the goal of improving the global brand recognition for DECENT. Korea is the perfect city for this purpose. The reason for this is that about 20% of all the global crypto market is in South Korea. This is a region, which is quite upbeat about crypto.
TTC Protocol and DECENT will work together, utilizing the DCore technology to solve and improve existing business models. Right now, the government in Seoul, despite shutting down crypto exchanges, is still quite favorable to blockchain technology. It is expected that the government’s interest in this technology will only continue to grow.
The Founder and CEO of DECENT said that they were in good hands on their decision to use TTC Protocol to take their business model forward. He added that South Korea was an awesome place since it understands the blockchain.
DECENT is a non-profit that has developed an open-source blockchain ecosystem that wants to help businesses utilize the blockchain. With its core technology called DCore, DECENT will have a wide range of real-world applications. It is especially interested in content distribution networks.
DCore is the blockchain technology on which businesses can build in. It is a platform, which wants to revolutionize how digital data is exchanged. To achieve this, it intends to provide simplified dApps.
About TTC Protocol
TTC Protocol is a project working on a social platform where users get compensated using tokens for their social network activities.