Intro to One Belt One Road Initiative (OBOR)
Have you ever heard the term OBOR (One Belt One Road)? This is a program initiated by China's head of state, President Xi Jinping in 2013. However, this term was revised to BRI (belt and road initiative). As the name implies, this program aims to create the economic silk route and silk maritime route in the 21st century.
As a developed and economically rich country, China wants to minimize economic inequality in poor and developing countries. There are 130 other countries that want to join this program. These countries are located in the Asia Pacific, Central Europe, and Eastern Europe.
So, what is the program in developing countries that are interested in participating? China's built submarine railway lines to connect various countries. That way, these countries can build global markets, utilize international and local markets, and carry out cultural exchanges and integration. The cool term is that they can share capital, talent, and technology. Yes, China does aim to provide a win-win solution.
OBOR and Timor Leste
Timor Leste is a country that fights for independence from Indonesia. As a result of the struggle, these two countries fought and caused damage material in Timor Leste. Yes, many buildings, public facilities, facilities, and infrastructures are damaged and cannot be used anymore. This is the cause of East Timor being the poorest country in Asia.
With all its cool initiatives, Invech is a media link between China and Timor Leste. So, Invech is negotiated with the Chinese market to provide building materials to Timor Leste. That way, East Timor can use it for the development of his country. After the Chinese market in East Timor, Invech hopes that the East Timorese government and the Chinese government can sign the OBOR initiative in the near future.
iGlobe
Invech will place this initiative to run on the Invech Global Blockchain Entity (iGloBE). With iGlobe, Invech bridges the Timor Leste government and the Chinese government in the initiative of one belt one road (OBOR). Like the picture below, OBOR / BRI is a medium of cultural exchange, talent pool, trust, capital fellows, unified large market, and innovation.
This is in line with iGlobe. This platform is a procurement platform for goods /services/commodities and blockchain-based ordering management. This procurement system that reaches local to international markets has good things, such as user-friendliness, fast, transparent, fair and accountable. This platform can be used by all circles, both government, private companies and the public.
Because it is blockchain-based, iGlobe will be the main system for the procurement of goods /services/commodities in Timor Leste. Not only that, this platform will make Timor Leste plunge into the world of the digital economy. In fact, the economy of East Timor can globalize after the signing of BRI.
Not only about the economy and physical development, but iGlobe also always cares for the unemployed in Timor Leste. With iGlobe, Invech creates detailed jobs with 5,000 jobs in 11 different industries and> 60 sub-industries.
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Author: Mairiri
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