3.2. WHY GLU?

1) Enhancing Data Transparency

The GLU project can enhance data transparency within the platform through a decentralized distributed ledger. As all participating companies share and record the same information in real-time, it reduces data discrepancies and errors, and eliminates information asymmetry. The GLU platform will contribute to improving business transparency between companies.

2) Preventing Redundant Investments and Enhancing Resource Efficiency

The GLU project enables investment from users who participate in the platform and contribute to the GLU ecosystem, and the efficient distribution of resources to users and companies, through smart contracts. For instance, there is only one smart contract issued for the GLU project, which cannot be duplicated or deleted through the intervention of others. Similarly, by issuing and managing a unique contract for each business expansion, redundant resource investment does not occur, and resource efficiency is enhanced.

3) Automated Smart Contracts

The GLU project aims to develop and introduce smart business contracts. In such cases, if the transaction conditions between the two companies are met, the contract is automatically executed, and since the contract is logic agreed upon by the parties, the process from the start to the completion of the transaction contract is automatically generated and completed. The automation of the contract process minimizes human intervention and reduces errors that can occur unnecessarily, thereby improving business efficiency.

4) Simplification through Technological Integration

Utilizing blockchain smart contracts, a core of the GLU project, and applying GLU tokens to the platform allows for unrestricted system integration, contributing to business innovation. Moreover, since it is not subject to unnecessary documentation and complex regulations, it can improve business efficiency between companies and provide better quality services to consumers.

Utilizing blockchain technology for business is the goal the GLU project pursues, and in this process, the GLU token and the GLONET UNIVERSE platform will play a key role in maintaining corporate competitiveness and establishing a leading position in the market.

The GLU project contributes to improving existing issues and building an efficient GLU token economy through the following processes.