Daehong Communications, a subsidiary of South Korea’s Lotte Group, has introduced plans to make use of Aptos, a high-performance layer one blockchain, to create a blockchain-powered “Cash Motion” ecosystem. The mission follows a partnership fashioned final yr between Daehong Communications and the Aptos Basis.
The “Cash Motion” system is designed to trace and confirm digital belongings equivalent to cellular vouchers, loyalty factors, mileage, and Stablecoins. All transactional knowledge is recorded on the blockchain to make sure transparency in possession and administration.
As a part of the initiative, Daehong has built-in Aptos blockchain know-how with Giftiel, a cellular voucher service run by its subsidiary Spoon. Through the comfortable launch section, Giftiel has already registered customers with over 500,000 customers on Aptos, with over 1 million vouchers issued.
Giftiel’s Voucher Lifecycle – By shifting issuance, distribution and reimbursement to the blockchain, customers achieve full transparency and traceability of their vouchers. In the meantime, companies have entry to dependable utilization knowledge for higher operational insights. The system may develop to different areas later, equivalent to buyer compensation, business providers, and Stablecoin purposes.
Daehong Communications plans to deepen technical and advertising collaborations with APTOS Labs and develop additional the APTOS ecosystem. Giftiel’s real-time blockchain knowledge can already be considered utilizing the Explorer instrument offered by web3 Options Firm Xangle to supply particulars about vouchers, transactions, and consumer statistics.
This mission represents a sensible software of blockchain know-how in on a regular basis commerce with wider adoption potential in digital asset administration.
Picture: Freepik
