A2B Direct platform launches Token Sale

A2B Direct platform launches Token Sale (July 12 - August 12, 2017)
13 July 2017   958

A2B direct, logistics project representing a full cycle platform for bulky cargo delivery, has launched Token Sale which will continue till August 12.  

The company has been on stage since 2016 the company and quickly received the "Uber Freight" nickname. The platform allows for a direct interaction between a freight forwarder and cargo owner across all stages of cargo delivery.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

A2B Direct already has a running product, the transfer of which to the blockchain system will significantly improve the existing business model, reduce costs and facilitate the process management for both carriers and customers.

A2B Direct launches Token Sale A2B Direct launches Token Sale

A total of 30 million tokens valued at $ 0.1 each will be issued, amounting to 30% of the company's value. Investments are accepted in Bitcoins, Ether and Dash. The token holder will be entitled to annual dividends from the company's revenues in the amount of 6 to 10 percent.

A2B direct is planning to raise from € 500,000 to € 3,000,000. Depending on the results of Token Sale, the company intends to open several representative offices in Europe and the US, as well as to implement blockchain applications for their platform.

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   108

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.