Blockchain 3.0 era: Why is GTA gene chain so popular among investors?

Henry Blake, Chairman of the GTA Foundation, introduced in the CoinVoice live class that during the epidemic, blockchain has been widely used in finance, public utilities, supply chain, public welfare and charity, and "Internet +" has become another disruptive technology to promote the progress of human civilization in the future. GTA Gene Chain is ahead of development and decision-making. The GTA Foundation was established in June 2019, and GTA entered China in September of the same year. GTA has always led a massive genetic technology revolution worldwide with its advanced blockchain technology, innovative business model, and unique incentive mechanism. This will be the first large-scale group collaboration in human history to drive the development of genetic technology with genetic data storage and application.

GTA pioneered the "blockchain + gene technology" and became the pioneer of the blockchain 3.0 era. Its creative business model involves three hot industries that are the focus of the world: blockchain, life health, and artificial intelligence (AI). In general, GTA takes blockchain application technology as its core; building the world's most valuable gene database as its main purpose; promoting the widespread application of gene big data in the field of life and health as its goal; using scientific and technological innovation results to benefit human life and health as its long-term development strategy; and creating a business model that drives the development of gene technology with blockchain technology.

Please stay tuned for more exciting content on the live broadcast.

Guest Introduction

Henry Palaszczuk Hon Heinrich, Chairman of GTA Foundation, Former Governor of Queensland, Australia, Former Minister of Health of Queensland, Australia, Former Minister of Commerce of Queensland, Australia, Responsible for overall management and major decision-making at GTA Foundation

Interview transcript

CoinVoice: The GTA Gene Chain testnet was launched on March 31, and the GTA Gene Chain mainnet was officially launched at 11:15 on May 15, 2020, which made many people look forward to it. Please introduce the progress of the GTA Gene Chain mainnet.

Henry: After the mainnet was launched, the functions of daily dividends and currency withdrawals for users who stored data have been realized. At this stage, we are preparing for the development of the built-in mall and the development of our own main chain.

Technical advantages: User data is fully encrypted and stored. Only users have sovereignty. Only after user authorization can commercial users analyze data. The entire data analysis is achieved in a trusted computing environment. Commercial users can only obtain the results of analysis and statistics, and the user's stored data will not be leaked. The development of the self-owned main chain combines the advantages of existing blockchains with the technical characteristics of distributed cloud storage and encryption technology. It is a blockchain that can realize the combination of big data encrypted storage and application.

CoinVoice: The concept of genetic testing has been very popular in recent years, but for most people, it still feels far away from their lives. Could you please introduce the current situation of this concept in practice, and tell us what role the GTA gene chain will play in genetic testing to change people's lives?

Henry: 2020 is a disastrous year for the whole world. In the months since the outbreak of the novel coronavirus, the world's overall economy has been severely affected. However, through the epidemic, people are no strangers to the term genetic testing. In the past few years, genetic testing was far away from us, mainly because of its high price. However, in recent years, with the continuous upgrading of technology, the price of genetic testing has become lower and lower.

GTA Gene Chain, based on the incentive system of blockchain technology, quickly aggregates individual users, gene sequencing companies, medical, pharmaceutical, health services and other data application institutions on the same platform, forming a complete business closed loop of mutual benefit and win-win. Here, gene sequencing companies will provide sequencing services at a price much cheaper than that on the market, and at the same time, the GTA platform will give certain token rewards to everyone who participates in sequencing. This is a gold mine of gene data storage and application with wide application value. After the GTA main network was officially launched on May 15, not long ago, its value has been presented to the public.

Genetic technology was once predicted by many economists to be one of the most promising industries in the world, and has been supported by governments around the world. Genetic technology has lived up to expectations and has gradually become a pillar industry of the life economy. As we all know, there are many sub-industries around genetic technology, among which the gene sequencing industry has developed the fastest. It is understood that its market size has grown from US$3.5 billion in 2012 to US$13.2 billion in 2018, with a compound growth rate of 20%. In the next five years, the overall industry will increase annually at a rate of about 18%. The rapid development of the gene sequencing industry will promote the rise of the gene data storage and application industry, and will help promote the advancement of genomics, and then promote the overall outbreak of the entire genetic technology industry.

We have seen that during the epidemic, blockchain has been widely used in finance, public utilities, supply chain, public welfare and charity, and "Internet +" has become another disruptive technology to promote the progress of human civilization in the future. GTA Gene Chain is ahead of development and decision-making. The GTA Foundation was established in June 2019, and GTA entered China in September of the same year. GTA has always led a massive genetic technology revolution worldwide with its advanced blockchain technology, innovative business model, and unique incentive mechanism. This will be the first large-scale group collaboration in human history to drive the development of genetic technology with genetic data storage and application.

GTA pioneered the "blockchain + gene technology" and became the pioneer of the blockchain 3.0 era. Its creative business model involves three hot industries that are the focus of the world: blockchain, life health, and artificial intelligence (AI). In general, GTA takes blockchain application technology as its core; building the world's most valuable gene database as its main purpose; promoting the widespread application of gene big data in the field of life and health as its goal; using scientific and technological innovation results to benefit human life and health as its long-term development strategy; and creating a business model that drives the development of gene technology with blockchain technology.

The emergence of GTA enables every individual to understand themselves more thoroughly through whole genome sequencing data and have the power to dominate their life and health; enables the cryptographic data related to life to be stored in the safest way; enables genetic data to generate higher commercial value and return the value to the data owner; and promotes the development of global genetic technology for the benefit of all mankind...

In the future, GTA will always stay true to its original aspiration and continue to work hard to quickly realize the great vision of building the world's largest human genome database.

CoinVoice: GTA uses blockchain to create a closed business loop that brings together individual users, gene sequencing companies, medical, pharmaceutical, health services, and other data application organizations. How is the commercial value reflected, especially how do individual users, as owners of genetic data, profit?

Henry: The development of genetic technology has brought about profound changes in the life science and healthcare industries. GTA Gene Chain can be said to be a brand-new initiative. It is the most timely project to promote the development of genetic technology in the world and to address the problem of the lack of human genetic data samples. Before this, there was no similar model on the market. We can only continue to explore in practice, find problems and then improve them to create a business model that truly allows participants of every identity to obtain what they need, including physical health, increased wealth, genetic data required for the development of new products, and so on.

At present, the number of GTA community fans is about to exceed 1.5 million, and it is deeply favored by people who pay attention to health and blockchain enthusiasts. All this is inseparable from the closed loop of the business ecology built by GTA based on blockchain technology and the token economy model, with genetic data storage and application as the core business. GTA brings together five major ecological roles, namely super nodes, storage users, data centers, commercial users, and alliance members, on the same network platform, and forms a business ecosystem with mutual needs. On the GTA platform, each ecological role will make valuable contributions and enjoy their own rights and interests.

1. Storage users: They are the only providers of whole genome phenotypic data on the GTA platform, and they are also the owners of genetic data, and they are the source of the core value of the GTA platform. Storage users store whole genome phenotypic data in the national data center designated by GTA, and they can obtain storage and application dividend rewards. When the stored data is used to generate revenue for commercial applications, they can enjoy application dividends. At the same time, storage users have the right to pass on storage dividend rights and application dividend rights to the next generation. As the slogan of GTA says: One sequencing, permanent storage, lifelong dividends, and inheritance from generation to generation.

2. Super nodes: They are the system operators of the GTA platform and the core force of market promotion. The super nodes of the Chinese community are spread across major cities in China. Their main task is to promote storage users, and they also undertake the task of promoting alliance members, commercial users and community construction. All storage users of GTA enter through the community of the super node. The super node obtains the right to operate the system by mortgaging tokens. In addition to obtaining storage and application dividends, it can also obtain GTA token rewards for promoting the market.

3. Data Center: GTA uses the distributed storage technology of the territorial country. In the future, GTA will establish its own communities in other countries around the world and store the genetic data of local storage users in local big data centers. The main task of the data center is to provide data storage services for storage users and data computing and analysis services for commercial users, so as to obtain operating fund subsidies and dividends from local storage user data storage and dividends generated when it is used.

4. Commercial users: Institutions that have a demand for whole genome phenotypic data applications on the GTA platform, including genetic technology, biopharmaceuticals, medical institutions, scientific research institutions, and real industries in the field of life and health. They can be both data application demanders (commercial users) and product and service suppliers (alliance members). In the near future, the GTA DAPP will have a mall function, and health-related products can be sold in the mall. This is also one of the benefits for individual users, because the GTA in your hands can be used as a settlement tool in the mall to purchase the required health products at the most favorable price.

5. Alliance members: They are providers of GTA platform products and services, including gene sequencing companies, physical examination centers, health foods, medical devices, wearable devices, medical institutions, health care institutions, health management and other corporate institutions. This is also an important part of the combination of GTA and the real economy. Their main task is to provide customers with whole genome sequencing, medical examinations, and technological health products and services. They will also have the right to sell products in the mall in the future.

Individual users in the closed business loop, that is, the owners of genetic data, are the core of GTA's commercial value. Whole genome phenotypic data has a wide range of application value for both personal health and commercial applications. This value can not only be enjoyed by oneself, but also passed on to the next generation, bringing continuous value benefits to future generations. In the future, the resource more valuable than gold and oil is human genetic big data. The genetic data storage gold mine built by GTA will surely drive the global genetic technology and completely change the future of mankind.

CoinVoice: You define the combination of the genetic technology revolution and blockchain as the beginning of a new era in the genetic age. However, any revolutionary undertaking that opens a new era will encounter many difficulties. How far do you think we are from the next new era in our current environment? What difficulties does GTA have to overcome?

Henry: Human beings have developed from the Stone Age, Bronze Age, Iron Age to the Steam Engine Age, Electric Age, and now to the Intelligent Age. Each era change is caused by the change of the tools used. The development of history has proved that the history of world economic and social development is actually derived from the changes in the market environment and the demand for new technologies. We are in an era of rapid change led by scientific and technological progress and innovation. No matter how science and technology develop and break through, they must be combined with "tools" to truly cause social change. The development of genetic technology needs to be combined with the tool of blockchain technology to keep up with the pace of the times, achieve faster and more efficient development, and occupy a dominant position in the fierce competition.

Every change in history will experience the same dilemma. It takes a long process from the initial disapproval to understanding and recognition, but the ending is surprisingly similar. In the end, the world's wealth will inevitably be redistributed and increased in value after the success of the new era. In other words, the world's wealth will be transferred from those with outdated ideas to a group of people who can adapt to the development of the new era. All successful entrepreneurs and wealthy people are believed to have correctly grasped the trend at a certain important time in the past. GTA has opened a new era of the genetic era and put a project that combines the three major trends in front of everyone. Grasping future trends will definitely make you a winner in life!

Of course, any investment involves risk.

1. GTA has pioneered the use of blockchain technology to drive the development of genetic technology, and there is no successful case to follow;

Second, it is extremely challenging in terms of the overall quality of the operation team. Some difficulties need to be overcome technically, and in terms of business, they need to continuously learn professional knowledge of genetic technology and have strong market operation and management capabilities.

The market is unpredictable, and any unfavorable factors may cause the value of GTA tokens to fail to reach expectations, including the market promotion progress failing to reach the planned goals; the improvement of the technical system requires a long process; major changes in the digital asset trading market; natural disasters and wars causing force majeure and other factors.

Human genetic data is a strategic resource for every country and will be strictly supervised by governments in various countries in terms of business development, including the storage of genetic data in the country of origin, the sovereignty of genetic data, the protection of personal information privacy, the security of data storage, and the legal compliance of data use. To this end, GTA has made appropriate solutions both in terms of technical implementation and business management, eliminating obstacles for the smooth development of the GTA project.

GTA hopes that every participant will participate rationally after fully understanding and analyzing the GTA project. Of course, no matter what difficulties and obstacles we encounter, we will establish a strong belief that any great practice is carried forward in setbacks, and the development prospects of GTA are infinitely bright. As long as all participants reach a consensus that GTA must win and give GTA more trust and support, all difficulties will not be able to block the future of GTA.

CoinVoice: Genetic data is a market worth more than one trillion dollars. In the future, the resource that will be more valuable than oil and gold should be the human genome database. Will GTA encounter strong competitors? Compared with the current competitors in this industry, where are GTA's advantages? How does the GTA gene chain lead the transformation of the global genetic big data industry?

Henry: GTA gene chain is a brand-new initiative. There is no successful case as a reference before. In the process of market promotion, a lot of training and education work is needed to quickly expand the scale of storage users and establish a huge consensus. The successful implementation of GTA will inevitably face many imitators and competitors. GTA has made full preparations and response strategies for this. In terms of market promotion, a three-dimensional media publicity strategy has been adopted to shape the brand image. Related reports on the GTA project can be seen in major mainstream media and vertical media at home and abroad, including the Associated Press, Global Online, Yahoo Finance, Yahoo News, etc. It also includes: newspapers, television, self-media and other platforms. At present, many on-site briefings have been held in China, and various forms of on-site briefings will be held around the world in the future. Leading a blockchain + genetic technology revolution worldwide, this initiative requires the consensus of more participants.

GTA's leading position is inseparable from the following core competitiveness:

First, the core team

GTA has an absolute advantage in team building. Its members include respected spiritual leaders, world Nobel Prize scientists, cryptography scientists, genetic technology experts, medical industry experts, blockchain industry experts, market operation experts, etc. They are all leaders and elite talents from various industries. The GTA operation team is also composed of top talents in technology research and development, marketing, education and training, etc. Under the leadership of such a great core team, GTA will surely overcome all difficulties and create extraordinary achievements.

Second, core technology

It has the world's most advanced personal whole genome sequencing technology and gene decoding technology. In terms of storage technology, it uses territorial country distributed storage technology to ensure that the stored data is safe and will never be lost.

Third, business model

GTA takes blockchain technology as its core, bringing together alliance members, super nodes, storage customers, data centers, and commercial users on a single platform, while forming demand attributes with each other, thus forming its own perfect business closed loop in business model design.

Fourth, the incentive mechanism

The GTA token, with its unique incentives, will allow all participants to reach a consensus on value. It can be concluded that GTA will gain the support and joint efforts of people around the world who pursue health and longevity and blockchain technology enthusiasts.

The development of the GTA gene chain will go through the following stages: data accumulation stage, big data value explosion stage and quantitative change to qualitative change stage.

GTA fully utilizes the advantages of blockchain technology and genetic technology to provide users with lower-cost and more accurate genetic testing services. At the same time, it completes data collection and accumulation through the Token incentive mechanism. It comprehensively expands ecological partners and detonates the value of genetic big data. After the aggregation of massive big data, it will lead the breakthrough of genetic technology. GTA will become the equity certificate of the world's most cutting-edge genetic technology achievements.

In short, GTA will bring together individual users, gene sequencing companies, medical, pharmaceutical, health services and other data application institutions on the same platform on the premise of achieving data rights confirmation, data security, privacy protection, low cost and high efficiency. Based on the principles of collaboration, openness, trust, security and rights confirmation, it will link life and wealth, launch a large-scale group collaboration led by genetic technology, promote the vigorous development of genetic technology, and lead a massive genetic technology revolution.

CoinVoice: Blockchain is a combination of innovations that integrates distributed systems, point-to-point transmission, consensus mechanisms, encryption algorithms, smart contracts and other technologies. How does the TOKEN incentive mechanism play a role in the GTA gene chain?

Henry: In the world of blockchain, tokens are a new type of economic organization, characterized by replacing traditional equity with token rights and promoting the healthy development of the ecosystem by adapting incentive schemes through blockchain technology.

GTA Token is an economic organization with the storage and application of whole genome phenotype data as its core business ecology. It has developed a complete incentive plan using blockchain technology and token economic model. According to the value contribution of various participating entities in different stages, GTA tokens are allocated to each participating entity to encourage its ability to continuously create higher value. Large-scale individual users, super nodes, data centers, commercial users, alliance members and other ecological roles also actively participate in and collaborate with GTA due to its blockchain incentive mechanism. Its purpose is to quickly gather massive whole genome phenotype big data, promote its wide application in the field of life sciences, and realize the release of commercial value.

The GTA token body includes the production attribute market and the financial attribute market. The production attribute market is the place where the GTA token body creates value, and the financial attribute market is the place where value is reflected and realized. The two are connected through the coinage right, and use their endogenous tokens (digital tokens) as an incentive to open up the value chain of the ecosystem and promote the sustainable development of the token body through the consensus mechanism.

In the GTA token body, the production attribute market is mainly realized around the storage of whole genome phenotypic data and data commercial applications. There are various forms of transaction scenarios between ecological roles in the production attribute market.

The user's personal whole genome phenotype data is stored in the national data storage center designated by GTA and GTA is authorized to use its own data to provide computing and analysis services to commercial users while protecting information privacy. Alliance members provide scientific and technological health products and services to individual users through the GTA platform. Individual users can purchase scientific and technological health products and services provided by alliance members based on the results of whole genome sequencing and physical examination reports and their own health needs.

In the GTA token, as the GTA token is listed on digital exchanges and there are various forms of trading scenarios in the production attribute market, a financial attribute market is derived. In the financial attribute market, the GTA token can be circulated in the production attribute trading market to pay settlement fees, and can also be freely traded on third-party digital exchanges to achieve value investment and value realization.

The production attribute market is the value support of the financial attribute market. The greater the ability of the production attribute market to create value, the higher the value reflected in the financial attribute market. The healthy development of the financial attribute market will help promote the growth of the production attribute market and help create a huge value consensus within the token body.

Not only different specific incentive measures are adopted at each stage of development, but also more incentive measures with more incentive effects are designed to provide beneficial supplements to promote the sustainable development of the GTA token ecosystem.

After GTA went online on May 15, the value of the GTA token increased by more than 30 times. The future value prospects of the GTA gene chain are very promising.

CoinVoice: In the first and second phases of GTA, the "GTN (G Egg) 10 billion airdrop event", more and more like-minded participants have reached a consensus with us. The airdrop event alone has made the project explode in China. Since GTA officially landed in China, it has attracted widespread attention and active participation from all sectors of society. Please introduce to everyone the following activities of GTA in China.

Henry: The "GTN (G Egg) 10 billion airdrop event" started on January 24, 2020 has now entered the fourth stage, which is the continuous sign-in and answering airdrop stage. The foundation invested a lot of money and effort in the first three airdrop activities, and achieved good results in attracting fans of the GTA Chinese community. Soon after the third airdrop began, the number of community fans exceeded 1 million. After the continuous promotion of the third airdrop activity and the good news of the steady increase in the price of the mainnet, more people have known GTA. The current community size is about to exceed 1.5 million, which is very beneficial for the subsequent development of GTA in China.

The continued rise in the price of the currency after the launch of the GTA mainnet is not an overnight achievement, but the result of a long period of preparation, the creation of a business model, the formulation of a promotion plan and other preparatory work.

The GTA core team started working on the solution design in 2018. At that time, there were no successful application cases of blockchain technology to refer to. The beginning of innovation is always a difficult process, but once the overall solution design was mature, the work progressed very quickly.

In June 2019, the foundation was registered in Singapore;

In July 2019, we signed a $10 million investment agreement with Australia's TAKE ONE; completed the establishment of the executive team, technical team, and operation team; and completed the signing of a letter of intent for cooperation by the first batch of founding members of the alliance;

In August 2019, the first draft of the white paper was completed; marketing promotion was launched, including super festival recruitment and storage customer promotion;

In late September 2019, GTA quickly completed the development of storage technology, encryption technology, and DAPP and put them online; debuted in the Chinese blockchain industry for the first time; completed the addition of more than 30 super nodes;

The first phase of the GTN (G Egg) airdrop plan will be launched in January 2020;

On March 31, 2020, the GTA test network was launched; nearly 100 super nodes were successfully recruited;

On May 15, the GTA mainnet was officially launched, and the world's first genetic data storage blockchain project was officially launched, marking the official start of the blockchain 3.0 era pioneered by GTA.

After the mainnet is launched, GTA has a series of plans for future development.

First, after the epidemic is over, a large-scale offline conference will be held in China to fully support market promotion;

Secondly, according to the real feedback from the market at different stages, set up airdrop activities suitable for the progress of the project;

Again, the super node is the system operator of GTA and is responsible for the market promotion of GTA in China. The Chinese community encourages each community to organize various online and offline promotion activities locally, and will also use practical actions to help local communities advance comprehensively.

In 2020, we plan to complete the marketing of 200 super nodes and achieve more than 50,000 storage customers each year. We expect to complete a storage plan for the entire genome of 1 million people worldwide in 10 to 20 years.

At the same time, GTA's mall function will be realized quickly, and we will also recruit more health-related alliance members to provide the public with more preferentially priced health products and services.

China is only the first stop of GTA's global layout. In the next two years, multiple sub-centers will be set up in other developed countries and regions in the world, such as Singapore, Australia, Dubai, Japan, South Korea, the United Kingdom, etc., to complete the construction of sub-centers in countries with relatively advanced genetic technology development, so as to achieve global market operation and reach a consensus on genetic technology around the world.

CoinVoice: The latest news is that GTA's global debut rose 20 times at the opening. In this bear market, why is GTA so popular among investors? Can we expect a coin that can increase 100 times in a bear market?

Henry: At present, the global economic development has entered a period of deep adjustment. The digital economy, sharing economy and industrial collaboration are reshaping the traditional real economy. Blockchain has become a new frontier of global technological competition. Its technology applications extend to many fields of the real economy and have brought profound changes to the development of the real economy.

China is a big country in the Internet and data, which is a good fertile ground for the implementation and development of blockchain technology. The huge population base is the basis for the rapid aggregation of GTA genetic data. At the same time, improving the quality at the root, transforming data resources into valuable assets, generating credit from them and serving the real economy are the difficulties and challenges in the field of science and technology represented by blockchain technology. The era of blockchain+ has just begun, and the realization of the phased mission requires the joint efforts of all investors.

For any industry to achieve long-term development, it needs to promote social progress and meet people's production and living needs. In the long run, GTA starts from the fundamental needs of the public for health and wealth, and reaches cooperation with the real industry. The alliance units in the commercial closed loop use whole genome sequencing technology to bring health to sequencing users, while reaching cooperation with commercial users who need to apply genetic data for scientific research, providing high-efficiency and low-cost solutions for the long-term interests of the whole people, such as the progress of human society and the improvement of human health. The support of the real industry is the lasting driving force for the blockchain project to grow and mature.

There are many blockchain projects on the market, some of which are not practical, deceptive, and simply aim to circle the line and run away. In the absence of many policy regulations in the market, there is no bottom line and different postures. The more times you are cut, the more you will grow. Experience and lessons need to be summarized and learned. In this way, we have summarized a rule, that is, the only criterion for distinguishing whether a blockchain project has development prospects is whether the project can be implemented.

GTA achieved a growth of more than 20 times on the first day of its launch , ranking first on the Coineal Exchange's growth list. In the following days, it achieved a growth of more than 30 times. The price of GTA has been rising steadily in the trading market, and it is predicted that it will become a 100-fold coin. Of course, judging a project cannot only look at the present, but also look at the long-term value. The problem of lack of genetic data that has always existed has been completely solved by the emergence of GTA. In the near future, a large amount of genetic data will be quickly aggregated. Everyone's genetic data is a gold mine of wealth. The value generated by the successful creation of GTA's million-person genome database will be limitless.