Fujitsu to Release Reward Points Tokenization System

The Fujitsu blockchain system tokenizes digital points and coupons, processing it and storing data on customer transactions in a decentralized database
06 June 2018   618

Japanese IT giant Fujitsu launched a blockchain system which gives retailers the ability to tokenize traditional promotional tools, such as coupons and reward points. This is reported by Coindesk.

The system launched in Japan can be used by shops in malls and tourist areas for promotional activities related to coupons and points. For example, when consumers receive points and coupons in one shop and can then spend them at another store.

The Fujitsu blockchain system tokenizes digital points and coupons, processing it and storing data on customer transactions in a decentralized database. According to the company, this reduces the load on traditional data centers and allows to analyze data better.

The ultimate goal of the project, according to Fujitsu, is the revitalization of regional economies - in other words, this project can be expanded to regional communities where tokenized points can circulate in facilities related to shops, restaurants, schools, transportation and tourism.

Before releasing the final version of the product, Fujitsu tested the system with various organizations, including railway and telecommunications companies, as well as convenience stores. In particular, in March the company tested its new technology in one of the branches of the Taiwanese trading network FamilyMart - the project used a distributed ledger platform for the transfer and storage of digital "stamps".

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.