FLETA recently signed a contract with Argentina’s blockchain project, Colmena. Both projects agreed to cooperate with each other, not only in the technical field but also in broadening their networks to Aisa and South America regions. Since they both try to seek positive use cases of blockchain and believe the technology can be useful in solving environmental issues, they thought they share a similar goal, which became a catalyst for the contract.

Colmena is a blockchain project based in Argentina. It aims to solve the waste problem, a global issue that many people are aware of. With the Colmena application, users can follow tracks of wastes they threw out. In the Colmena ecosystem, anyone can be a participant who disposes of, collects, or recycles garbage and get rewards.

Cooperated with the government of Argentina, the Colmena project is a pilot project that has proceeded for half a year from last November in Misiones Argentina. After its first execution, it aims to expand its business to the entire Argentina and to solve the global waste issue eventually.

Colmena decided to broaden its ecosystem to the Aisa region and chose FLETA as its base. Its prior goal is expanding its network to Korea.

FLETA is a project with a fast speed of 14,000 TPS, low transaction fees, and unlimited scalability. FLETA chain is used in many blockchain businesses, including blockchainizing existing services, developing use cases, and providing blockchain technology to other projects.

Especially, FLETA developed a blockchain-based eCRF system, which is a data management system of clinical trial data. When data is put on a blockchain, it cannot be intentionally erased or modified. If someone tries to do so, its transaction will be recorded on the chain. Therefore, FLETA’s eCRF system is an excellent solution of improving the credibility of data. It was also supported by the S. Korean government last year, and the project will be further developed for actual service in 2020.

FLETA will keep striving for broadening its ecosystem and mass adoption of blockchain technology.

Thank you.

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