iWave Advanced Research Group and AFAB’s OZ Flagship Ecozone wins Global Blockchain Technologies Award
The oldest and fastest growing Philippine Ecozone – the Freeport Area of Bataan (FAB) – is the first ecozone to provide Oz Living by being part of the Oz network. This partnership sets the stage for all ecozones to follow where registered citizens of Oz may enjoy the full benefits of Oz Living.
FAB is a 170 square kilometer Special Economic Zone located at the center of Asia within the Philippines, directly across Metro Manila. It is the only freeport in the Manila Bay area, the Philippines’ center of trade. The FAB is an ideal trans-shipment hub, strategically located at a prime transit point for domestic, regional and global shipping. It is also located within the vicinity of three international airports in Manila, Clark and Subic.
This AIBC award is presented for projects that have managed to effectively and efficiently combine tokenization and cryptography. Through the development of blockchain technology, tokenization is incredibly effective as a means of internal and online protection. Asset tokenization offers a way to protect sensitive data and reduce the risk of its loss.
TOTOZ is the world’s first residency-enabled token with real world utility. With this, Oz founder and GTX co-founder Jin Gonzalez states that, “We will continue to work on providing users and project owners with easy to use, simple and effective blockchain technology solutions built upon our proprietary Oz blockchain protocol. With our open collaboration philosophy, we are inviting all manner of projects that wish to implement blockchain technology to execute within the environments of an ecozone to work with Oz.”
Oz’s vision is to host a network of thriving Oz ecozones around the world providing a safe haven for assets while fully harnessing the power and convenience of digital technology and assets to enable residency, trade, and finance. Oz hopes to enable asset and residency portability; future proof partner ecozones’ economic growth and prosperity thereby create sustainable, thriving Oz ecozones around the world, connecting real world living through digital assets.
iWave, Inc. (iWave) President and CEO Ramon C. Garcia, Jr. thanked the iWAR team saying, “Few people understand our vision and capabilities in the Philippines. However, this global award is a recognition of our globally competitive technical knowledge and a testament to the boundless possibilities for locally developed digital and blockchain enabled products.”
iWave Advanced Research Group, Inc. (iWAR) is a leading blockchain and fintech company that was awarded an exclusive license by the Authority of the Freeport Area of Bataan (AFAB), a government-owned and controlled corporation to operate the Global Trade Exchange (GTX), a platform that enables the cross-border trade and exchange of digital assets between international investors, excluding Filipinos.
AFAB commissioned the development and launch of Oz, a proprietary blockchain protocol intended to provide liquidity and operators under GTX, effectively providing operators access to credit and capital to seed and upscale their business and operations.
In a statement, AFAB Chairman Atty. Pablo M. Gancayco says that, “I would like to extend my heartfelt congratulations to iWAR, GTX and Oz team for winning the AIBC Tokenization Project of the Year. This recognition clearly shows Oz as a financial instrument that can change the way global citizens, companies and governments interact. Hence, we are fully committed to continue enabling the development of financial and digital asset exchange ecosystems intended to accelerate the migration of digital asset value therefore contributing to the development of FAB and its operators.”
AIBC is a globally respected network for emerging technologies with the best and brightest in the world of blockchain, artificial intelligence and quantum computing. The AIBC Awards was held on June 7 in Toronto, Canada. The event brought together luminaries in the industry for an evening of recognition and celebration of achievement. Shining a spotlight on some of the most intriguing and creative tech projects to challenge the conventional role of technology are the tech players changing the face of the industry as we know it.
AIBC also organized a number of satellite events in hotspot locations such as Manila, Stockholm, Tel Aviv, and New York already highlighting the year’s Emerging Tech calendar. With the AIBC Americas Expo set to be a hub for the leading global experts in regulation, policy making, technological development and cutting-edge research, the event is a safe harbor for many investors and entrepreneur seeking to ride the wave of the fourth industrial revolution.