Daehong Communications, a subsidiary of South Korea’s Lotte Group, has introduced plans to construct a blockchain-powered “Cash Motion” ecosystem utilizing Aptos, a high-performance Layer 1 blockchain. The mission follows a partnership shaped final 12 months between Daehong Communications and Aptos Basis.
The “Cash Motion” system is designed to trace and confirm digital belongings — reminiscent of cellular vouchers, loyalty factors, mileage, and stablecoins — as they’re created, transferred, and utilized in real-world transactions. All transaction knowledge might be recorded on the blockchain, making certain transparency in possession and administration.
As a part of the initiative, Daehong has built-in Aptos’ blockchain expertise with “Giftiel,” a cellular voucher service operated by its subsidiary, Spoon. In the course of the gentle launch part, Giftiel has already registered over 500,000 customers holding vouchers on Aptos, with greater than 1 million vouchers issued.
By shifting Giftiel’s voucher lifecycle — issuance, distribution, and redemption onto the blockchain, customers achieve full transparency and traceability of their vouchers. Companies, in the meantime, can entry dependable utilization knowledge for higher operational insights. The system may later develop into different areas, together with buyer rewards, commerce companies, and stablecoin functions.
Daehong Communications plans to deepen its technical and advertising collaboration with Aptos Labs to additional develop the Aptos ecosystem. Actual-time blockchain knowledge from Giftiel can already be considered via an explorer instrument offered by Web3 options firm Xangle, providing particulars on vouchers, transactions, and consumer statistics.
The mission represents a sensible utility of blockchain expertise in on a regular basis commerce, with potential for broader adoption in digital asset administration.
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