Wepublic presents a platform that upholds principles of fairness, transparency, and open engagement. WEMIX Medium:.

26 Jun 2023, 03:30

Wepublic presents a platform that upholds principles of fairness, transparency, and open engagement! WEMIX Medium: Greetings from the Wepublic Team. The Wepublic platform, which utilizes the blockchain technology, is a platform that allows users to create and transparently operate their own decentralized autonomous organizations (DAOs). With Wepublic, organizations that aim to build a better world and leave a positive impact on the society and our everyday lives, such as NGOs (Non-Governmental Organizations), political parties, religious facilities, and fundraising activities, can achieve even greater transparency. Also, a meeting of representatives of apartment residents and reconstruction associations can be operated efficiently and transparently with the Wepublic platform. Now we welcome you to the Wepublic, a first step into a more transparent and fair society! [What is Wepublic?] • Wepublic is a transparent social platform that supports the creation and operation of blockchain-based DAOs (decentralized autonomous organization). • Wepublic was designed to allow users to easily create and transparently operate DAOs by using four decentralized protocols: proof of ID, qualifications, results, and balance. [What makes Wepublic so special?] Wepublic transparently shares the status of funds through an equal voting process of the community based on the four decentralized protocols of the blockchain technology. • Proof of ID: Via Wepublic Wallet App, which utilizes the DID (Decentralized Identifier) technology, users can safely prove one’s identification through a simple confirmation process. Also, the identification of users is guaranteed without revealing one’s personal information in DAO. • Proof of qualification: By using SBT(Soul Bound Token), an NFT identification that can't be forged, each can prove its affiliation of a specific organization on as well as off-chain. Also ratings and roles are delegated to members of the organizations to support the operation and management of the organization. • Proof of results: All procedures from agenda setting, voting, to final results are transparently recorded on the blockchain, which allows easy access by anyone. Since the record cannot be forged, it strengthens the trust among the community members and facilitates member participation. • Proof of balance: Transparency in fund management is achieved by recording the current status or flow of funds such as deposit and withdrawal status of the organization with all records disclosed to everyone. [Notes] • Open schedule: June 26th 10:00, 2023 (KST) • Official website: • Teaser video: • In July, the Wepublic Wallet App with the proof of ID protocol and proof of qualification protocol will be released along with DAO’s balance checking feature that uses the proof of balance protocol. • The Wepublic platform is a domestic service. In order to access it and join the DAO service, you must prove your identification as a resident of Korea through the Wepublic Wallet App. The Wepublic team aims to contribute to an improved social transparency including supporting the successful operation of an organization with a common goal and resolving issues of various interested parties. As a transparent social platform, the Wepublic is poised to provide its utmost support to every member with firm determination, clear vision and a sense of responsibility. We have no doubt that we will keep on improving our service so that it will become increasingly ubiquitous in our daily lives. Now, we invite everyone from all walks of society to take part in this very special service that we are presenting today! Thank you. Official WEMIX site announcement: *You can check the original announcement at the official WEMIX site(wemix.com).