On August 23, 2024, Emotionwave announced the official launch of Good Seocho Coin, a new version of Seocho Coin, utilizing the Web3 architecture of its…
Realizing digital inclusion and sustainability simultaneously as a future-oriented local currency
On August 23, 2024, Emotionwave announced the official launch of Good Seocho Coin, a new version of Seocho Coin, utilizing the Web3 architecture of its Emotionwave AI Suite. This project builds upon the success of the original Seocho Coin by combining blockchain technology and ESG (Environmental, Social, Governance) values to open up new possibilities for local currencies.
Combination of Web3 Architecture and ESG
Good Seocho Coin was designed based on Emotionwave's MUTA blockchain backend and the AIMPLE digital human platform. The Web3-based distributed processing structure provides data security and scalability, maximizing transparency in user transactions. Through this, Good Seocho Coin has established a digital ecosystem that goes beyond a mere payment method to support ESG goals such as carbon neutrality practices, protection of the socially vulnerable, and talent donation.
The main ESG use cases for Good Seocho Coin are as follows:
Environment: Usable at Carbon Zero Shop, and coins are accumulated when participating in environmental protection activities such as collecting clear PET bottles.Society: Rewards for participation in protecting the socially vulnerable and talent donation activities.Governance: Supports transparent interaction between local residents and public institutions.
Innovative User Experience and Design
The Good Seocho Coin has been reborn as a user-friendly platform by introducing an innovative UI/UX compared to existing apps. Its intuitive and beautiful design is providing the benefits of digital technology more easily to various user groups, gaining high favor from users.
Recognition on the Global Stage
Seocho-gu gained attention for promoting the Good Seocho Coin to the world at the **2023 Smart City Expo World Congress (SCEWC)**. Through Mayor Jeon Seong-su's keynote speech, Seocho-gu emphasized the excellence of the Good Seocho Coin and conveyed the message of **'Seocho Coin for ALL'** to visitors from around the world. In particular, it received high praise as a case realizing ESG values such as carbon neutrality and digital inclusion.
Achievements and International Certification
The Good Seocho Coin project has already proven its excellence with various awards.
Three Grand Prizes at the 2023 Green Apple AwardsAdministrative Award for Local Governments in South KoreaSeoul's only smart city international standard certification (British Standards Institution Grade 4)
Combining Emotionwave's technology and Seocho-gu's policy vision, the Good Seocho Coin is establishing itself as a global model where local currency realizes ESG and digital inclusion.
Future Outlook
Emotionwave stated, "The Good Seocho Coin is an innovative case that expanded the potential of local currency through the combination of Web3 and ESG," adding, "We will continue to contribute to local communities and the global smart city ecosystem through technology."
Good Seocho Coin is expected to establish itself as a future-oriented local currency that goes beyond simple payments, spreading sustainability and social value, and expanding its influence in the global market.
TagsBlockchainEmotionwave AI SuiteESGFintechweb3SeochoCoinLocalCurrencyEEmotionwaveEditorial Team