LIFE is digital cash, which functions as a reward system for large businesses, charities, communities and innovation projects. It can be bought, sold and traded like shares or can be used to purchase items from a growing number of retailers.
According to the March 5 LIFE update from Luke Chittock, the recently appointed MD, LIFE anticipates a six month window to allow them to redefine the goals, with a new road map to be presented by the end of April 2018.
The previous road map has lapsed, as has certain areas of development as new adopter opportunities have altered the product road map deliverables. The new road map and development schedule once finalised will not be subject to any deviations because we are taking the time to fully scope the requirements and ensure we can fully deliver on the objectives we set as a business.
Previously, we have reported that LIFEwallet and the first LIFEcards are also released to the public in April 2018. In May 2018 LIFE will hold a conference in London, and the Stage 2 of LIFE adopters will be announced in June, 2018.