The voice of our community matters a great deal to us. After the $31m Tether hack we decided to let the community audit the GLOBCOIN code before we deploy it. An extra check couldn’t hurt. We want the best for our project and for the interests of our community.

GLOBCOIN is doing most of the developing work internally, with the developer geniuses Felix and Gaspard leading the way. Currently, we are also working with Blockchain Partner on some technical aspects of the GLOBCOIN token platform, such as smart contracts, audits (both internal and external) and the token sale website. They have been on board since September 2017.

What is a smart contract and why is it a big deal?

… you might ask. Well, we all have an idea of what a contract is: an agreement between two or more parties, defining the rules and guidelines of a specific situation. A “smart” contract is also a contract, but in the form of a computer protocol. They have been mainly used in association with cryptocurrencies.

Once a smart contract has been “written” on the Blockchain, it becomes visible for everyone and it can’t be modified, that makes them a very immutable, decentralized and transparent tool. Because smart contracts are not “guarded” by a lawyer or company, but rather by thousands of computers, they eliminate bureaucracy and eliminate transaction costs. In a way, they’re rather revolutionary.

Why did we choose Blockchain Partner?

They are the most reputable team we know, having large institutions like Central Banks and Investment Banks as their main clients. They partnered with the first company in France that started working on Blockchain (BNP Paribas in 2014) and the first public institution (Banque de France from 2016).

Right now, their qualified developers provide us with training and advisory related to Blockchain and Cryptocurrencies; as well as technical services regarding our Smart Contracts, making sure that everything is set up for our ICO starting this February 12th. It’s looking good, and we couldn’t be more excited.

Written by: Eva — GLOBCOIN Community Manager