On its press release, TRON excitedly announced its latest partnership with the Commonwealth of Dominica to usher in a new era of Web 3.0. TRON will be developing the first Caribbean digital identity initiative, that includes the establishment of the Dominica Metaverse, along with the institutionalization of the Dominica Digital Identity (DDID) and Dominica Coin (DMC) programs, as reported in cryptobriefing.com.
No less than Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, proclaimed that – “This digital identification project is a significant milestone for us as it marks the first Web 3 initiative since the passage of our Crypto Ordinance last year. We are excited about the prospect of blockchain innovation and look forward to continued collaboration with Tron to advance the digital economy for Dominica.”
Being first of its kind in Metaverse development with national government engagement, this partnership recognizes the potential for Dominica to lead the way in this groundbreaking technology that will transform everyday life and revolutionize businesses in the coming years. With digital identity being a key component of Web 3.0, TRON will oversee the implementation, execute, and facilitate the issuance of DDID and DMC.
TRON is a community-governed decentralized autonomous organization (DAO) dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
As investopedia.com defines it, decentralized autonomous organization (DAO) is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottom-up management approach.
