Ofo announced the establishment of the Blockchain Research Institute, which will use blockchain technology to enable big data, Internet of Things, connected companies, governments, users and other parties to solve the operational pain points of sharing, scheduling, parking, maintenance, etc. , Assist in solving the problem of urban governance for sharing bicycles.
Recently, it was reported that ofo cooperated with GSELab to ride a mining function in Singapore. After the user successfully completes the ride, they will obtain the GSE token through the Singapore App. These tokens can be used to exchange the OFO pass and encrypt in the future. Redeem other tokens on the currency market.
According to golden financial reports, ofo confirmed the matter to it, saying that the event is indeed a market activity for ofo and GSELab in Singapore, but currently only for the Singapore market. The main purpose of the activity is to encourage users to adopt this mode of riding. At the same time, ofo emphasized that it did not prepare any ICO, and any activity on blockchain technology in the country will strictly abide by the laws and regulations of the competent authorities.
It is reported that ofo is not the first shared bicycle company that cooperates with blockchain companies to launch tokens. At the end of 2017, Singapore’s shared bicycle brand oBike cooperated with TRON Corporation to launch oCoins cryptocurrency, which is mainly used as a point reward, model, and event of this time. Similarities and differences.