EOS Builder Block.one Joins Enterprise Blockchain Alliance in Latin America

The LACChain EOSIO network is due to be released for enterprise use within the next few weeks.

AccessTimeIconFeb 25, 2021 at 9:08 p.m. UTC
Updated May 9, 2023 at 3:16 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Block.one, the company that raised a record-breaking $4 billion to fund the development of the underlying software of the EOS blockchain, is cementing ties with LACChain, an Inter-American Development Bank–backed initiative to spread blockchain technology across Latin America and the Caribbean.

Announced Thursday, Block.one has signed a memorandum of understanding (MoU) to join the LACChain Global Alliance, which has 40 partners in 12 countries in Latin America and the Caribbean.

  • 80% of Meme Coin Performance Occurs During Asia Trading Hours: 10x Research Founder
    00:55
    80% of Meme Coin Performance Occurs During Asia Trading Hours: 10x Research Founder
  • Standard Chartered Bullish on Bitcoin; SOL Crosses $200 Amid Meme Coin Frenzy
    02:16
    Standard Chartered Bullish on Bitcoin; SOL Crosses $200 Amid Meme Coin Frenzy
  • What's Driving the Rally in Reddit Community Token MOON?
    01:06
    What's Driving the Rally in Reddit Community Token MOON?
  • Tokenization and Stablecoins Continue to Be TradFi's Top Interest in Crypto: Expert
    00:53
    Tokenization and Stablecoins Continue to Be TradFi's Top Interest in Crypto: Expert
  • “We are very glad to incorporate Block.one as one of the LACChain allies or partners, because Block.one is the largest entity in the EOS world,” said LACChain Technical Lead Marcos Allende in an interview. “During the past months, we have attracted and incorporated the EOS community, and within the next few weeks we will release the LACChain EOSIO network.” 

    Allende stressed the MoU constituted a collaboration, and any funding help was up to the members. 

    “New partners can contribute in kind or in cash or both. Over the collaboration there might be both types of contribution. We try to make sure that every new entity joining the LACChain Alliance has something different to contribute,” Allende said.

    Previously, a number of LatAm-based developers, dubbed LatamLink, who work on the open-source EOSIO code, had been successful in pitching LACChain on enterprise and government-level use cases in the region.

    LACChain is giving Latin America and the Caribbean a fresh approach when it comes to enterprise blockchain, the private and permissioned use of the underlying ledger technology popular with banks and blue-chips back in 2016, but rarely seen progressing beyond the proof-of-concept stage. (Previously, EOS Costa Rica, part of LatamLink, won an audacious bid to provide Grant Thornton with a blockchain for intercompany transactions.)

    "Our goal at Block.one is to change how the world works so that it is more transparent, trustworthy and efficient, which is why we're excited to join the LACChain alliance," Block.one VP of Blockchain Engineering Bart Wyatt said in a statement, adding:

    "In this technical advisory role, we look forward to helping LACChain drive adoption and awareness of the EOSIO platform through educational programs, deeper technical collaboration and community engagement initiatives."

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.