Lotte Group’s Daehong Communications to Develop Blockchain-Based ‘Money Movement’ Ecosystem with Aptos

Daehong Communications, a subsidiary of the Lotte Group in South Korea, has introduced plans to construct a blockchain-driven “cash motion ecosystem with the assistance of APTOS, a strong layer of 1 blockchain. The mission follows a partnership that was shaped between Daehong Communications and Aptos.

The “cash motion” system is designed to observe and confirm digital assets-such as cell vouchers, loyalty factors, kilometers and stablecoins-as they’re made, transferred and utilized in actual transactions. All transaction knowledge is recorded on the blockchain, which ensures transparency possession and administration.

As a part of the initiative, Daehong De Blockchain know-how of Aptos has built-in with “Giftiel”, a cell voucher service managed by his subsidiary, Spoon. Throughout the mushy launch section, Giftiel has already registered greater than 500,000 customers with vouchers on Atos, with greater than 1 million vouchers issued.

By shifting Giftiel’s Voucher – Residing Cycle – concern, distribution and redemption to the blockchain, customers get full transparency and traceability of their vouchers. Within the meantime, firms have entry to dependable utilization knowledge for higher operational insights. The system may later increase to different areas, together with buyer rewards, buying and selling companies and Stablecoin functions.

Daehong Communications plans to deepen his technical and advertising cooperation with APTOS Labs to additional develop the Aptos ecosystem. Actual-time blockchain knowledge from Giftiel can already be seen through an Explorer instrument supplied by Web3 Options Firm Xangle, which supply particulars about vouchers, transactions and person statistics.

The mission represents a sensible utility of blockchain know-how in day by day commerce, with potential for broader acceptance in digital asset administration.

Picture: Freepik