We are excited to share another update on new developments and plans for the launch ceremony of the Hive mechanized borehole in Nanton Kpawumo, Ghana. We have successfully executed the first and second phase of the project and tomorrow is when we will bring the project phases to a closure.
Tomorrow we launch the new mechanised borehole. The launch is always the aspect which forms the phase 3 of Hive Empowers Communities project. This last phase aims at demonstrating how decentralized blockchain technology and community engagement can be leveraged for positive social impact. It's about publicising the social impacts of Hive; how it's been instrumental in transforming lives through the provision of essential resources and opportunities.
Throughout the project our focus has always been on underserved areas. Through the project, we have showcased the power of Hive through community-driven efforts and the potential of blockchain technology to create sustainable, positive change. Work on the 15th borehole has progressed well, and the first two phases are now complete.
The last phase always serves as an excellent opportunity to gather community members and leaders to celebrate and officially hand over the project to them. It is an important event because it provides education and information that contributes to community empowerment.
This occasion allows us to share more about Hive and its empowerment projects in Ghana, positively impacting many lives. Also, it serves as a platform to present the possibilities with technology and how people can leverage it for good use. The program starts at 10 am, and we anticipate a number of residents from the Nanton Kpawumo to be there. We have invited different local media stations to cover the event and with their platforms we hope to share news about Hive's impact in Ghana.
This is another great achievement and we're happy to see it happening tomorrow. This would be the first Borehole for this year that would add up to the already existing projects to make 15,a great milestone achieved. Throughout this journey, we have shown how Hive is changing lives in real life.
We are glad to see how far we've come and it's all been possible because of the massive support we have received from the Hive community. We appreciate the community support towards the making these life-changing projects. This is something everyone should be proud of. It's really going to be exciting tomorrow and we look forward to having a successful launch. Updates will be shared following the event. Thank you for your attention.