Korea Based Entrepreneur Using Blockchain to Assist Humanity

Korea Based Entrepreneur Using Blockchain to Assist Humanity

WIZBL is a real distribution platform that uses verification speeds and transaction processes to make certain that blocks can be handled at an average speed of one million transactions per second. The platform hopes to be able to bring the decentralization benefits associated with the blockchain technology to the whole human race.

The ecosystem is able to achieve this by eliminating information concentration on its main server as well as reducing the overall amount of energy that is consumed by its CPU when it is maximizing security. This is a process that was inspired by its CEO and founder Andy Ryu. Andy holds a belief that blockchain can be used together with nature in order to benefit the human race.

The ICO for the WIZBL coin was completed in early 2018. Its underlying technology is currently being used to enhance resource management in various developing countries. It hopes that it will be able to create a globally standardized blockchain for the whole world in a few years. This is a system that will be based on BRTE (the blockchain real-time ecosystem) currently in use by WIZBL.

RYU—The Rising Star

RYU graduated from college at the age of twenty-seven at a time when the South Korean economy was being ravaged by the financial crisis in Asia. With time, he was able to find work at a clothing store where he was in charge of marketing, sales, and managing the franchises. By his thirtieth birthday, he had worked in various roles including as a food franchisor, mergers and acquisitions, content company, and in real estate.

When he first heard of the blockchain technology in 2010, he did not pay much attention to it. But seven years later, he had become well-versed with all its transformative powers. According to him, blockchain helps to improve equality in the world. Information is shared through decentralization, and the wealth is in turn evenly distributed.

The Search For A More Effective Blockchain

It is at this time that he started to work with various developers in a bid to come up with a blockchain that was more efficient. Ryu and his development team were convinced that they could develop a blockchain that was capable of delivering rewards to humanity in a faster and more reliable manner.

The WIZBL BRTE design was completed in November 2017, paving the way for the establishment, and the final launch of the WIZBL Corporation in January this year. The ICO was held in February, and the team started developing new decentralized web applications in March. The team has successfully completed developing more than twenty dApps.

Enhancing Natural Resources

A BOT that is primarily based on WIZBL BRTE is currently being developed by one of the corporation’s partners. The partner is involved in protecting water resources like oceans and rivers and is also actively involved in assisting people whose livelihood depends on these natural resources. The BOT is expected to use the latest tech tools such as CCTV and drones to monitor industrial waste in Manila.

The views and opinions expressed in the article WIZBL Coin’s Blockchain Real-Time Ecosystem (BRTE) Looks to Assist Humanity do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.

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