OpenCrowd and The BuildCoin Foundation have begun joint efforts to develop the features and functions of the BuildCoin Foundation's new blockchain ecosystem for public infrastructure projects.
The move comes after both parties announced an investment and technology partnership.
The BuildCoin Foundation is a nonprofit organization that will govern the public blockchain ecosystem while OpenCrowd is a design and technology services firm focused on the development of blockchain solutions.
BuildCoin Foundation says its mission is to bring transparency and efficiency to the 3-trillion dollar global infrastructure market. The BuildCoin Foundation believes that every human being deserves access to affordable and reliable infrastructure to reach their highest potential.
According to John Cronin, President, The BuildCoin Foundation:
“We're honored to have OpenCrowd's CEO Sushil Prabhu join our Advisory Board to further help guide our technology decisions and are thrilled to partner with OpenCrowd to bring to market innovative and groundbreaking blockchain-enabled solutions. There is a lot of hype in the industry and OpenCrowd is one of the select few with a proven track record of delivering real-world distributed ledger/blockchain solutions. We are proud to be a part of their select portfolio and are confident that this partnership will allow us to reinvent how public infrastructure projects are delivered to citizens.”
What The OpenCrowd And The BuildCoin Foundation Entails
OpenCrowd and The BuildCoin Foundation will work together to deliver a blockchain-enabled solution that will create transparency in both project performance and payments to combat corruption.
The solution will also crowdsource project concepts from citizens and global experts to select and design transformative and impactful projects and crowdfund projects to open up infrastructure investment to new investors, including citizens.
OpenCrowd CEO, Sushil Prabhu said:
“This partnership will allow us to expand our vertical footprint into the infrastructure and construction space while continuing our practice of advising, investing and developing platforms for the premier companies in the blockchain space. We look forward to helping The BuildCoin Foundation grow their ecosystem and will work closely with them to bring the highest quality blockchain-enabled solutions to market at record speed.”
Who Will Benefit From The Infrastructure
The partnership will continue OpenCrowd's track record of advising, investing, and building platforms solely for premier companies within the distributed ledger/blockchain space.
Sushil Prabhu will join The BuildCoin Foundation Advisory Board.