Blockchain Social Media Company, Foresting, announced that they’d signed a strategic business agreement (MOU) with Viewo on July 9th. Viewo is an Israeli video sharing network that operates on a blockchain-based rewards system. The two companies will be heading together to Tel Aviv for “Foresting Hackathon 2018.”

Foresting HQ, headquartered in Singapore, provides a blockchain-based social media platform service. The company aims to improve the social media ecosystem for content creators by creating a platform which fairly shares revenue among its users.

The company held their ‘ Foresting Tech Summit 2018 ‘ on June 7 at the Shilla Hotel in Seoul.

Viewo, who signed a business agreement with Foresting HQ, is developing a blockchain-based social media platform for video content. The company is based in Tel Aviv, Israel. The Viewo platform is used by more than 150 popular content creators worldwide and shows promising growth. Especially considering that it gained over 15,000 telegram followers in around four months.

The Foresting and Viewo MOU

Speaking of the newest partnership, Foresting HQ CEO Daniel Eom said:

“Through this strategic business agreement with Viewo, we will share our knowledge of blockchain technology and grow together as global social media facilitators. By partnering with Israeli companies who are experts in their field, we can gain insight into more advanced technologies and accelerate the expansion of our local engineers and global business”

About Foresting Hackathon 2018

Through this MoU, Foresting HQ and Viewo will be holding ‘ Foresting Hackathon 2018. ‘ This is a hackathon competition under the theme of blockchain SNS technology.

Foresting Hackathon 2018 will take place from the 29th to the 30th of July. As well as being the first Hackathon between Israel and Korea, this event will also mark a new opportunity for the two countries’ blockchain industries to learn from one another. Because the event takes place from Sunday to Monday, attendees won’t need to burn their entire weekend to join the fun.

Foresting and Viewo hope that the Foresting Hackathon 2018 will bring together the best blockchain engineers, developers, and content creators in Israel. Foresting will also bring some of Korea’s top investors who want to learn more about Israel’s Blockchain ecosystem.

During the event, attendees will solve a series of problem-solving tasks together. And of course, try some traditional Israeli and Korean food, too. 24 hours later, each team will present their demos on stage to a panel of high profile Israeli and Korean judges. It’ll then be decided who’ll be crowned the winner of Foresting Hackathon 2018!