Govearn: Blockchain Fintech Community Project?

What Is Govearn?

Govearn is the world’s first Government-Citizen collaboration public benefit initiative for public private partnership. The platform is committed to empowering growth with economic value. It aims to become the leading collaborative global platform for public private partnership that uses the blockchain technology. Govearn utilizes smart contracts and development tokens that affect citizens’ participation with governments in public benefit projects.

Pillars Of Operation

Govearn operations revolve around three main pillars:

Blockchain: the Distributed Ledger Technology of blockchain is more of a foundational technology. It has the potential to create foundations for economic and social systems worldwide compared to disruptive technology, which typically attacks an existing system(s).

Ethereum: the Ethereum network provides an open source platform for applications that run exactly as programmed with absolutely no chance of fraud, censorship, or third-party influence. Ethereum is a public blockchain-based platform that features smart contract functionality.

Smart Contracts: a smart contract refers to a computer protocol that digitally facilitates, verifies, or enforces the negotiation or performance of a contract. Smart Contracts enable users to perform credible transactions with no third party interference, under various applications.

Govearn Mission Statement

Govearn’s mission is to provide governments, individuals, and corporations with a platform to cooperate as they conduct fundraising, investment, and fulfilling public benefit projects. The platform aims to provide the public sector, private citizen, and any entity with an opportunity to collaborate by utilizing the blockchain technology. Govearn will enable governments to increase resources and in exchange provide the private sector with stable investment opportunities and reliable returns.

The collaboration aims to realize the goals of job creation, fund government budgets for public benefit projects, and generate reliable investment opportunities and returns. This will be possible through municipal, local, or state government entities.

Problem Identified

Govearn has identified the following problems, which it seeks to solve:

  • Shortage of government resources dedicated to the implementation of public benefit projects. This calls for the need for the private sector’s collaboration and funds.
  • Cryptocurrency price volatility challenges since it lacks a backing economic activity.
  • Growing government budget shortage while cryptocurrency market cap is approaching USD $1 Trillion and expansion is heading to excess of USD $10 Trillion in eight years.

Govearn Solution

To solve the mentioned problems, Govearn seeks to implement the following solutions:

  • To establish a Private-Public Partnership platform that allows community members, corporations, and platforms to collaborate in public benefit projects with governments through smart contracts.
  • To create a medium value of exchange that operates on blockchain smart contracts for platform members to utilize in their public-private partnership acquisitions. This will instill governance and transparency.
  • To utilize the generated economic activity to back up the smart contract and cryptocurrency evaluation, so its holders can have a stable exchangeable value that can facilitate investment exit strategies, same as hard currencies market value mechanisms.

Looking Ahead

Govearn is committed to delivering the finest quality of operations to lead the economic development activities of participating governments. The platform is working hard to launch several initiatives and pilot projects. This could include utilizing the latest building technologies and infrastructure development models to create jobs, provide medical facilities, schools, retail outlets, and income-generating opportunities.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today