Blocery Progress Report October 2024
Dear Blocery Community Members,
We are excited to update you on the latest developments in our ESG product suite. Following the launch of the ESG Pass testnet, we received valuable feedback, which has helped us refine the product. In response to market demand, we have also shifted our focus toward B2B applications. Below is an overview of our recent progress:
ESG Pass Mainnet Launch on Base Network
After a successful period of testing on the Base testnet, and following several key improvements, we are pleased to announce that the ESG Pass has officially launched on the Base mainnet. Our users have already started minting ESG passes, with a total of 79 passes minted at the time of this report.
BLY token bridges to Base Network
Base on the product integration, BLY token has been bridged to Base Network too.
Bridge: Superbridge
Base BLY Contract address: 0xfB6919cb8468Eb39747C1cb216D51B03b835B35B
Why We Chose Base Network
Base Network, developed by Coinbase, is a public Layer 2 blockchain that offers scalability and cost-efficiency for decentralized applications (dApps). Built on the Optimism OP Stack, Base provides fast, low-cost transactions while ensuring the security and decentralization of Ethereum. This makes Base a perfect fit for bridging Web3 technology to a wider audience.
The Base ecosystem benefits from Coinbase’s extensive user base, offering seamless integration between Web3 applications and the exchange’s services. Additionally, its developer-friendly environment ensures strong interoperability with Ethereum-based tools and infrastructure, such as wallets and DeFi protocols.
By launching on Base Network, Blocery gains access to low transaction fees, high throughput, and the trust associated with Coinbase’s global ecosystem. This provides Blocery with an opportunity to scale rapidly while maintaining security and liquidity, positioning us for growth within the blockchain-based ESG sector.
Also the layer two block chain can be built on the base or Ethereum and to build the blocery owned layer two network to support the future ESG dashboard development.
Blocery’s Growth on Base Network
As an ESG-focused project, Blocery stands to benefit significantly from Base Network’s technical advantages. The combination of scalable infrastructure and affordable transaction costs allows us to accelerate development and bring sustainability-driven solutions to market efficiently. With Base’s robust ecosystem’s liquidity, Blocery is well-positioned to grow its user base and enhance adoption across the agriculture supply chain.
Upcoming Launch of the ESG Dashboard
In parallel, development of the ESG Dashboard is nearing completion. The platform, similar to the ESG Pass, will initially be tested on the Base testnet. The ESG Dashboard will provide users with a comprehensive platform to submit ESG data from relevant companies and organizations, making it accessible to all users for transparency and reference. A live test will be announced shortly.
