On Monday, Korean blockchain project BOScoin announced it has entered into a Memorandum of Understanding (MoU) with Korea Cashback, Inc. The duo has teamed up to create a global travel platform, tentatively named Woti.
BOScoin reported it is planning to introduce the distributed-network-based Human Identity Authentication for Woti, a platform that provides useful information for travelers using location-based service (LBS), so as not to violate personal information protection acts that are strengthening worldwide, more specifically the GDPR (General Data Protection Regulation), which is Europe’s personal information protection act.
BOScoin also noted that Woti, which will be serviced through a mobile app, provides travel and commercial information that may be helpful for Free Independent Travelers (FIT). It will also allow users to play in-app games or solve quizzes and let them earn rewards, which includes entrance tickets or discounts at hotels or restaurants anywhere around the world. Speaking about the partnership, BOScoin CEO, Yezune Choi, stated:
“We signed an MOU with Korea Cashback because we considered the company to be a suitable partner for us to expand the business into a global platform, with its outstanding know-how and achievements in the domestic travel industry. We are going to hold a BOScoin Partner Community Meetup soon to showcase the partnerships and the progress we have made to date.”
BOScoin then added that it is currently working on the development of “BOS-Net,” a blockchain-based MainNet for public financing, and is striving to discover and nurture corporations that will run financing projects on BOS-Net through its “Reverse ICO Partner Program.”