Mongolia Explores The Integration Of Blockchain Technology Backed By Polygon

July 26, 2023 - Around 3 mins mins to read

Key Points:

Polygon Labs and the Government of Mongolia create a sovereign blockchain with Polygon Supernets for government services and cultural NFTs.
The National University of Mongolia launches “Meta University” with Soulbound Tokens for graduates.
Initiatives represent major advancements in Mongolia’s adoption of blockchain and metaverse technologies.

Polygon Labs has recently revealed a groundbreaking collaboration with the Government of Mongolia, aiming to leverage blockchain technology supported by Polygon Supernets.

Mongolia Explores The Integration Of Blockchain Technology Backed By Polygon

The joint venture seeks to create a sovereign blockchain platform dedicated to delivering various government services in a more efficient and collaborative manner.

Real world use case #onPolygon

????The Government of Mongolia has explored the integration of blockchain technology, enabled by Polygon Supernets. This included building a sovereign blockchain to provide government services.
— Polygon (Labs) (@0xPolygonLabs) July 26, 2023

Under this initiative, the Mongolian government plans to implement an array of metaverse services, including meta embassies, cultural non-fungible tokens (NFTs), and national IDs. The integration of these advanced digital services is aimed at streamlining administrative processes and fostering enhanced collaboration between government institutions and citizens.

Implementing a sovereign blockchain is expected to revolutionize how government services are delivered, providing increased transparency, security, and accessibility to Mongolian citizens. By leveraging the capabilities of Polygon Supernets, the network will be powered by Polygon Edge, utilizing the Polygon Edge framework for custom-built nodes to cater to the specific requirements of various applications.

In parallel development, the National University of Mongolia (NUM) has taken a significant step towards embracing the metaverse revolution. Collaborating with Octagon Marketplace and Guyuk Metaverse, NUM has launched the innovative concept of a “Meta University” as part of its 80th-anniversary celebrations.

One of the most remarkable aspects of this partnership is the issuance of “Soulbound Tokens” in place of traditional diplomas to NUM’s graduating students. These Soulbound Tokens will be available in six distinct types of NUM NFTs, marking a historic moment for the university’s graduates, teachers, and staff.

The integration of blockchain technology into NUM’s academic framework showcases the university’s commitment to adopting cutting-edge technologies that can bring significant benefits to its stakeholders. The collaboration with Octagon Marketplace and Guyuk Metaverse is set to further enhance the learning experience for students and foster a dynamic educational environment.

The collaboration between Polygon Labs, the Mongolian government, and various academic institutions signifies a remarkable leap forward in the adoption of blockchain and metaverse technologies in Mongolia. By combining the strengths of Ethereum, Polygon, and the Polygon Edge framework, these initiatives promise to pave the way for greater innovation, efficiency, and collaboration across the nation’s public and educational sectors.

As these transformative projects unfold, the world watches closely, anticipating the far-reaching impact of blockchain and metaverse integration on governance, education, and the future of technology in Mongolia.

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