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   783

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".

Messari to Raise $4M

According to the CEO of the startup more than 60 cryptocurrency projects use company's services
14 November 2019   104

A crypto-industry-specific startup, Messari, has completed a funding round led by Uncork Capital, which also included Blockchain Capital, CoinFund, Danhua Capital, Fenbushi Capital, Coinbase Ventures and former Coinbase technical director Balaji Srinivasan.

Former Managing Director of CoinDesk and CEO of Messari, Ryan Selkis, noted that now more than 60 cryptocurrency projects, as well as “the world's largest exchanges, funds and information service providers” use his company’s services. According to him, the funds raised will be used to automate the processes of receiving and processing data, as well as to expand the product line.

Founded a year ago, the company previously raised $ 1 million in seed investment from Danhua Capital, Blockchain Capital, Anthemis Group and other venture capital firms.

In the third quarter, Messari introduced a regulatory compliance asset monitoring service that also measures the market supply of coins. In addition, the company launched a beta version of the Messari Pro platform, which includes a set of professional tools for market analysis.