Blockchain
Hong Kong fintech startup Mojodomo launches new brand “On-us” to build a seamless, customized and scalable incentives ecosystem
Mojodomo Holdings Limited (“Mojodomo” or the “Company”), Asia’s first performance-based voucher solution provider, today announced the launch of “On-us”, a new brand aiming to provide customers with a trusted, seamless, personal and social brand experience through incentives solutions that integrate financial, payment and marketing technologies.
Since its inception in 2018, Mojodomo has captured significant market share in the incentives industry and established business partnerships with around 50 major enterprises. On top of that, the Company has collaborated with organizations such as Hong Kong Cyberport and the Hong Kong Institute of Human Resource Management, supporting various exhibitions and conferences as their digital voucher solution partner to deliver value for participants and drive deeper engagement. Leveraging the launch of On-us, Mojodomo plans to extend its solution beyond banks and insurers to small and medium sized enterprises (SMEs), providing them with a robust voucher solution via its SAAS (Software As A Service) platform.
Through its own zero-waste incentives ecosystem, the Company has also integrated ESG (Environmental, Social and Governance) values into its business and marketing solutions. As Mojodomo continues to deepen its implementation of ESG principles, it will further embed these elements into its development strategy to push forward the sustainable development of its business and the industry. To this end, the Company has established partnerships with ESG merchants such as Green Common, Eco-Grey, Redress and the HKFYG Organic Farm, and will introduce more ESG-focused local and overseas merchants in the future.
The new brand “On-us” is derived from the English idiom “it’s on us”, indicating when someone else will pay on an individual’s behalf, reinforcing that this brand experience is intended to make consumers feel rewarded with a special treat. It highlights Mojodomo’s aspiration to help companies improve marketing efficiency and more effectively use valuable marketing spend while offering their clients the rewards they truly need and appreciate, thereby creating meaningful social value. This vision reflects Mojodomo’s overarching commitment to becoming a consumer-minded B2B brand.
As a fintech startup, Mojodomo enables virtual card payments for instant voucher redemption and settlement between businesses and merchants through its omni-tech platform, which can also monitor the redemption of vouchers and collect consumer behavior data in real time. This performance-based and pay-as-you-go voucher solution not only reduces the administrative costs and resource waste of traditional incentive reward programs, but also boosts return on investment (ROI). Additionally, it enables marketers and merchants to better understand customer habits and enhance brand experiences and interactions. Going forward, Mojodomo will operate this platform under the name “On-us”, supporting its own brand at the group level and using it as a base on which to build a trusted, seamless, personal and social incentives ecosystem that creates lifetime value for partner brands, merchants and consumers.
Dennis Shi, Co-Founder and CEO of Mojodomo Holdings Limited said, “The new ‘On-us’ brand will help showcase Mojodomo’s core values and enrich our corporate identity. In line with our mission to create greater value for brands, merchants, and consumers, On-us and the company as a whole share a vision of generating and delivering impact while driving industry innovation through cross-disciplinary marketing solutions.”
To date, the Hong Kong-based company has opened offices in Taiwan and Singapore, where Keith Lim was appointed as its SEA General Manager in June 2022. Lim is responsible for building and leading Mojodomo’s Singapore team to accelerate the expansion of its local business. As a seasoned and successful startup entrepreneur with deep expertise in the fintech industry, Lim has previously created mobile payment, artificial intelligence and blockchain platforms for major insurers and banks. To build up its business in the region, especially in the SEA market, Mojodomo is also targeting to raise another round of funding next year. This follows the completion of its Series A funding in 2021, with the proceeds used to support product development.
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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