What is WOLOT Foundation?

WOLOT Foundation Ltd. Is a non-profit organization registered in Singapore. WOLOT was created to promote and support the development of a digital online ecosystem called “TOOL Global” for all SMEs (small and medium enterprises) worldwide.

What does WOLOT Foundation do?

WOLOT Foundation will organise meetings, seminars, social network activities to educate SMEs and users on the benefit of building and joining the ecosystem. To help gather feedback to better improve the ecosystem. To sponsor activities that help to achieve the purpose of WOLOT foundation.

WOLOT Foundation will also support technical developers who wish to build applications, tools and projects within the ecosystem. WOLOT Foundation will form a technical committee to oversee the technology direction and development roadmap of TOOL blockchain.

What is TOOL Global?

The TOOL Global is a digital online ecosystem with the purpose of pooling together and sharing users so as to address the need of SMEs to acquire users affordably and efficiently.

TOOL Global ecosystem is built on the TOOL blockchain technology owned by Singapore IBD Technology.

Users can participate in the ecosystem by engaging the merchants and SMEs in the ecosystem with their online behaviour like purchasing products and services. In return users are rewarded with BT, a global unified loyalty reward token that represents the data from their online behaviour. BT can be redeemed in the ecosystem in exchange for perks, rewards, discount, gifts or product and services that the SMEs offer to BT holders.

The TOOL Global ecosystem will eventually be managed and self-governed by participants of the ecosystem itself, in an autonomous and decentralized fashion. WOLOT will support this management team that the ecosystem selects.

How it works?


Businesses can puchase BTs and hand them out as incentives to customers on the ecosystem to gather specific data that they need, or as rewards when customers engage with their advertisements. Already have a fully functioning app or e-commerce? We can do an integration with a simple API call.


All transactions on the ecosystem will be converted to appropriate behavioral value tags (e.g. BT). These BTs are recorded on the blockchain and can be accumulated to be exchanged for products, services, or OLO tokens, which can be used to make payments in the ecosystem and/or stored for appreciation.

WOLOT Foundation Management Committee

CEO and Founder

Ben graduated with computer science degree from the National University of Singapore (NUS). He was an early pioneer of Java and Linux technology in Singapore when working for the National Computer Board and Elixir Technology. He led major groundbreaking technical development projects for organizations like MAS, Citibank, GIC, MOE. During the dot com era, he led a startup team to create AsiaPaperMarkets.com, a mega B2B platform for the paper industry. He also served in HP as the business development manager for South East Asia. He has very deep experience working in Asia, especially the China market. In 2016, Ben started his research into blockchain technology. In 2017 he established IBD Technology in Singapore. His goal is to build a global data sharing and application platform, to allow users to really own their data.


Ian Chan was a tech solution leader who design, create, strategize and produce many products, applications, software and business solutions. As a consultant, he has worked with many thought leaders to bring their ideas and platforms to life. His solution extends to many sectors and topics including: Financial, Manufacturing, Logistics, Commerce, Retail, Hospitality, Telecom, Banking, Public Sector, Identity & Security, Data Warehouse and Analytics.

With 28 years' experience in getting Technology and Operation to work harmoniously, he has an extensive career in providing technology solution. He last served as the Business Development Director for a Myanmar tech distribution giant.

Today, Ian is a Blockchain and CryptoMining enthusiast; and a keen advocator on this technology. He has shared many knowledge and idea on Blockchain and CryptoMining in meetings, seminars and forums. He was also interviewed by Channel News Asia & BBC Radio on the same topics.

Ian had studied at the Victoria University in Australia and earned a Master degree in Professional Accounting.

User Experience Officer

Sady takes care of the overall user experience of the TOOL customers, as well as the platform's operations. He is a vision-driven entrepreneur with long record of business growth and innovation. From the joy and fulfilment of creating epicurean spectacles in New York to business management and operations consulting for establishments helmed by Michelin-starred celebrity chef in Singapore, Sady has a keen eye for picking out the winners among the crowd.

Chief Advisor

Dr. James Pang is currently an Associate Professor at the NUS Business School at National University of Singapore. He is also the Co-Director of NUS Business Analytics Center. His research focuses on Big Data Analytics, BlockChain, Business Analytics (BA) architecture, modelling methodology and algorithm development. He has rich multi-industry experience in Healthcare, Manufacturing, Supply Chain/Logistics, Retail, and Government sectors, and has been working in analytics and optimization areas in the last 15 years. Prior to the current role, he was the Client Technical Advisor (Chief Architect) in Analytics and Optimization at IBM, and led the IBM technical solution design in ASEAN Public Sector. Previously, he was also a Senior Manager and Lead Architect at IBM R&D Labs in charge of analytics and optimization product development. Before joining IBM, Dr. Pang was a Research Scientist at Motorola Labs and focused on development and implementation of Operations Research models and methods to solve problems in supply chains and manufacturing systems. Dr. Pang is the recipient of a number of prestigious industry and academic awards, including IBM Outstanding Technical Achievement Award (OTAA), IBM Invention Plateau Award, finalist of the Andrew Fraser Prize 2007 (best PhD Thesis) of IMechE (Institute of Mechanical Engineers), etc. Dr. Pang is also sitting on several industry advisory board, including IBM BAO (business analytics and optimization) architecture board, IBM SDE (software defined environment) architecture board, IBM AP Invention Disclosure Review Board, China 12th five-year development advisory board (IT chapter), Singapore BlockChain Foundation, etc.

Dr. Pang filed and published a number of patents and papers in analytics, optimization, supply chain management, healthcare analytics and cloud computing areas. Dr. Pang holds a Ph.D. from National University of Singapore (NUS) jointly with Massachusetts Institute of Technology (MIT), and Master and Bachelor from Zhejiang University (ZJU), China.

Investment Advisor

George graduated from Manchester School of Business with an MBA. After years of successes in corporate management roles and creating startups, he came to Singapore to kick start Fundnice P2P micro-loan company. He now heads the non-profit blockchain technology foundation BCF, which aims to be your “closest crypto-blockchain circle”.