Amaten ally with aelf to barrage the world’s aboriginal blockchain allowance agenda marketplace
TOKYO and SINGAPORE, Aug. 20, 2019 /PRNewswire/ — Amaten, the better allowance agenda barter belvedere in Japan with $110 MM anniversary acquirement has clearly appear its affairs to aggrandize the accepted operation appliance blockchain. Amaten has abutting easily with aelf in a cardinal affiliation and will be architecture its blockchain framework on top of aelf. Amaten’s beforehand into blockchain will acquiesce Amaten to calibration its operations not abandoned aural Japan, but additionally overseas, with antecedent affairs to aggrandize to Korean and Chinese markets.
With the acceptance of blockchain, Amaten is attractive to accommodate the way allowance cards are issued, purchased and exchanged. The accepted forms of allowance cards – concrete cards or agenda codes via email – are alarming to both affair and redeem. While the concrete cards are adamantine to manufacture, administer and track, the agenda codes abridgement analysis and aegis adjoin awful attacks. By onboarding blockchain technology and converting the acceptable forms of allowance cards into agenda assets managed and exchanged on blockchain, Amaten is introducing accuracy and traceability to the aboriginal issuer and any exchanges that action amid the end users.
Tom Kanazawa, the administrator of Amaten said: “The accepted arrangement and technology acclimated for allowance agenda is absolutely anachronistic and dates all the way aback to the mid 90s. It has never acquired to bout today’s agenda world. It still suffers from basal axiological shortcomings and is actual inconvenient. I accept that the allowance agenda industry can be a absolute use case for blockchain. The two are a absolutely accustomed fit. We accept called to accomplice with the best blockchain technology providers in the space, aelf, because they action the scalability, committed sidechains and acute arrangement modules that we actual abundant charge to body our account rapidly and best amount effectively. We are aboveboard aflame for the approaching of absolutely digitized allowance agenda industry.”
Gift agenda is a fast growing industry with $340 Billion bazaar admeasurement globally (close to that of the cosmetics industry), of which $21 Billion is from Japan. In Japan alone, $1.2 Billion account of allowance cards went bare in 2018, ethics that could accept been contrarily traded for another allowance cards or cash. Since birth in 2012, Amaten has developed to become the arch barter for allowance cards, extensive the absolute transaction acquirement of $110M in 2018. Authoritative up for 40% of the accessory allowance agenda barter aggregate in Japan, Amaten currently offers peer-to-peer exchanges of 26 types of allowance cards including from Google, iTunes, Amazon, Rakuten, Netflix, Playstation & Nintendo to its 240,000 users.
Aelf has been alive carefully with Amaten to advice absorb the blockchain technology with Amaten’s accepted infrastructures. aelf’s Co-Founder and COO, Zhuling Chen, said: “aelf is razor focused on accouterment artistic and advocate solutions that can abandoned be accomplished through blockchain. Through the affiliation with Amaten, we are acquisitive to avant-garde the acceptance of blockchain solutions aural the acceptable industries.”
Amaten Joins the growing account of companies from the acceptable markets attractive to synergize their agenda assets with blockchain based solutions.
For added advice appointment aelf.io and amaten.io (For Japanese allowance agenda exchange, amaten.com).
About aelf:aelf is a multi-chain arrangement and acute arrangement belvedere beat blockchain in business. aelf’s blockchain will accredit businesses to accomplish their applications on the accessible alternation domain, or their own clandestine chains, after the altercation of architecture their own. Aural the aelf ecosystem, anniversary appliance will accept its own assets to defended aerial performance. aelf’s badge (ELF) was afresh called by Huobi’s HB10 armamentarium as one of the top 10 best reliable investments based on its well-founded platform. aelf afresh appear the after-effects of its antecedent testnet, which accomplished 15,000 affairs per additional (TPS). For added information, appointment aelf.io
About Amaten:Amaten was founded in 2012 as the aboriginal allowance agenda barter in Tokyo Japan. Amaten’s eyes came about on accouterment clamminess to a actual illiquid allowance agenda industry. Since, Amaten has been actual committed to advance heavily in authoritative its account and barter as absolutely technologically chip as possible. Today, Amaten lists 26 top allowance cards including Amazon and iTunes and is the better such bazaar places in Japan. Last year it candy about 1 actor affairs with 132 000 alive users. For added information, appointment Amaten.com
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