TOOL Global Hackathon 2021 Is Coming

The TOOL Global Hackathon 2021 organised by the WOLOT Foundation will feature prominent speakers from global blockchain associations and companies throughout its two-day run. From the 29th to 30th June, Tuesday and Wednesday UTC 2:00am to 12:00pm, industry professionals and panelists will be discussing several hot topics in the community, including Blockchain advantages for SMEs, Decentralised Finance (DeFi), investor tips, and rising trends in the region. With 17 event partners and an exciting lineup of 11 renowned speakers participating in this hackathon, attendees are also given the opportunity to connect with influential movers and shakers in the industry from the Government Blockchain Association (GBA), the Swiss Cordata Association, Singapore BTC Club and other investors. 

Despite only being in their 4th year of operations, TOOL Global has accomplished impressive milestones, establishing its strong reputation in China and SouthEast Asia. The TOOL Global Ecosystem is backed by WOLOT Foundation and serves heavily on the B2C and B2B level. From the creation of their own native blockchain to a public ready blockchain that offers Decentralised Finance services, TOOL Global and it’s OLO coins with over 260,000 funded addresses have come a long way. This year’s TOOL Global Hackathon 2021 will celebrate the launch of Version 4 of their services, proudly collaborating with the Swiss technology service organisation Cordata Association on the BDE (Bridge Digital Economy) blockchain cross-chain solution project. 

The conference is also part of TOOL Global’s ongoing efforts to nurture the region’s blockchain space, aiming to build a blockchain-based global business ecosystem for MSMEs where interconnected resource sharing is made possible by bridging blockchain’s fragmented ecological islands and upgrading business collaboration models. Through these efforts, new exciting possibilities of investment pitches and regional hackathons are expected to follow in the coming years. 

“We have realised an urgency for greater adoption of blockchain technologies by the mainstream business community, and TOOL Global aims to make that process easier and more efficient, particularly the majority of MSMEs that are usually left behind in technology adoption. We intend to begin groundwork in Singapore and build outwards worldwide in the near future.” said Ben Chan, Chairman of WOLOT Foundation. 

TOOL Ecosystem 

The cryptocurrency industry has piqued the interest in a sharp rise of new users in recent years, and the TOOL ecosystem positions themselves as a bridge to that gap. It is an impressive alliance chain system dedicated to solving the development of the big data industry, particularly

problems faced in MSMEs, helping them tap into their greatest assets. The TOOL Ecosystem structure follows a unique Bonded Proof-of-Stake (BPoS) consensus mechanism, a Smart Contract layer, a Full-Node Wallet and multiple blockchain patents. 

For more details, please visit the event website.

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