Blockchain
Intellabridge Technology Corporation Announces Kash Points Token System
Menlo Park, California; Vancouver, British Columbia; and Boulder, Colorado–(Newsfile Corp. – July 12, 2021) – Intellabridge Technology Corporation (CSE: INTL) (“Intellabridge”) today announced plans to release a blockchain-based loyalty token point system for its customers and corporate partners.
This next-generation loyalty token point system is expected to provide multiple benefits to customers of the Kash blockchain neo-bank and to Intellabridge partners, including free debit cards, cash back on transactions, discounted subscriptions, lower fees, increased interest rates on savings accounts, and other rewards within the partner network. The loyalty token points will initially be available to the first 100,000 Kash beta users in the coming months.
The Kash product provides customers with an easy way to transfer money into the decentralized financial ecosystem using banking transfer services from customers’ existing banks or through global cryptocurrency exchanges. Intellabridge uses the multi-billion dollar Terra blockchain, developed by TerraForm Labs, which was founded by a Stanford engineer, with investment from Coinbase, Robinhood CEO Vladimir Tenev, Delphi Digital, and Galaxy Digital Holdings Inc. Intellabridge has built upon Terraform’s existing technologies with multiple layers of cybersecurity mechanisms for consumer protection and concierge customer service. The combination of cybersecurity, customer service, and traditional banking integration capabilities enables mass audiences to earn a stable 10% per annum on deposits by directly accessing decentralized financial markets.
“Our vision for the Kash loyalty point system is to create a rewards system that is similar in many ways to the way that airlines, hotels, retail and financial services reward loyal customers, but, by leveraging blockchain technology, we can make the rewards exchangeable between members of the Intellabridge partner network and benefit end customers in a very powerful way,” said John Eagleton, Intellabridge CEO. “6.7 trillion points are issued each year to 3.3 billion members representing $51 billion USD, but these loyalty reward systems need an upgrade, with unredeemed points representing more than $15 billion dollars in balance-sheet liabilities for US based companies. We intend to help customer loyalty programs realize their full potential by tracking reward points on the blockchain and providing transparency into the entire ecosystem. Blockchain provides a ledger of transactions shared across a network of participants, and we plan to facilitate the exchange and use of loyalty points among individuals and companies without requiring pre-determined corporate alliances. We are proud to be a pioneer in helping to make loyalty points on the blockchain a global standard in the future.”
Intellabridge will release a whitepaper detailing both the finalized mechanics of the blockchain-enabled Intellabridge Kash points token system along with a product roadmap that extends the long-term vision of the system to corporate partners. The aim is to release the whitepaper, along with the blockchain-based point system, in Q3 2021.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
“Maria Eagleton”
Maria Eagleton, COO
To contact Intellabridge:
Website: intellabridge.com
Phone: +1-303-800-5333
Email: [email protected]
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90052
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
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Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.
Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.
Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.
Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.
Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.
Source: 365retail.co.uk
The post Tech Trends Shaping Retail: From AI to Blockchain appeared first on HIPTHER Alerts.
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