Signed a strategic partnership agreement with OMENE Holdings LLC and ONCOMED for applying the Block-Chain platform on Eco City in Uganda and Health care city project in Rwanda.
-Signed a strategic alliance agreement with OMENE Holdings for their ‘Eco City in Uganda’ and new city construction projects using Locus Chain’s block-chain platform as a settlement currency for various industries’ base technologies..
-Signed a strategic alliance agreement with Oncomed Solutions for the ‘Rwanda Health Care City Project’, which combines the Block-Chain platform of ‘Locus Chain’ with a medical service to provide better healthcare services.
The next-generation block-chain platform “Locus Chain” is expected to provide complete security and stable services based on block-chain technology as a settlement currency for new urban development projects in Africa and healthcare services in Rwanda.
Locus Chain Foundation announced that it has entered into a strategic alliance agreement with OMENE holdings LLC, an energy company in Africa, operated by Nigeria’s Franklin E. Omene, and ONCOMED solutions, a medical services company based in Dubai, respectively.
Through these efforts, the two companies will collaborate with the Lake Victoria Eco City construction project in Uganda with the goal of completing the new city development project as a smart city that highly digitalizes businesses and the public sector. The project is Africa’s largest new town development project, which is built on an area of 900 acres in the Entebbe area of Africa. It is one of the world’s leading residential and auxiliary facilities such as state-of-the-art residential and tourism facilities, And more than 7,000 jobs are expected to be created.
The strategic alliance agreement between Locus Chain Foundation and Oncomed is designed to provide in-vivo diagnostic capabilities close to international standards within 10 years of Rwanda’s poor health care services. Rwanda Health Care City project based on the block chain platform ‘Locus Chain’ and Oncomed will provide a new innovation solution in the medical service sector. Oncomed headquartered in Dubai and branches in Pakistan, Egypt and the Netherlands.
When block chains are applied to healthcare services, medical data that was difficult to standardize due to reliability and cost can be standardized at low cost. In addition, since all medical records of patients can be checked at all hospitals, reliability of various imaging and test data is increased, and medical records and charts are transparently managed. Comprehensive health management of patients will be much easier.
Lee Sang-yoon, president of Locus Chain Foundation, said, “The next-generation block-chain platform, the Locus Chain, guarantees the highest level of security and fastest transaction speed for everyone’s convenience, based on a distributed ledger management structure using DAG (Directed Acyclic Graph). In addition to finance in Latin America, Africa, and Southeast Asia, which is a market that is safer and faster to trade than traditional financial networks and that cannot access financial services transparently and efficiently. We will continue to work hard together to complete a more advanced society in which the block chain is implemented together with the two partners who have signed this strategic alliance agreement. “