Japanese Online Giant GMO Releases Code for Regional Token
- The open source blockchain solution utilizes Ethereum and the Z.com cloud for creating community tokens.
Japanese giant GMO Internet has announced the release of ‘Region Token’ - an open source Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term solution for local communities to issue their own crypto coins or points. The developers say that this will help municipalities, local companies and shopping districts to revitalize commerce.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
GMO explains that for enterprises to operate their own point services, it is usually necessary to build highly dedicated servers that can withstand the complicated processing needed for the construction and operation of the systems, distribution management, and maintenance. Also, contractor services are usually required. However, if commissioned to such contractor services, in addition to the costs of servers and databases, various additional operational costs are incurred, including labor costs, management costs, etc.
By using this new program, municipalities and enterprises can easily issue and operate tokens that act as points that can be used within a merchant's affiliated stores. Since the process is automated according to prescribed logic, it is possible to construct an autonomous and permanent point system that incurs only the recording processing cost on the blockchain.
The Region Token runs on the Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term environment and it conforms to the token standard specification ERC20 advocated by Ethereum.
Since the service provider (such as municipality and shopping district) can prepay the cost of recording in the blockchain collectively in fiat, the users, the merchant and the municipality may use the system without having to hold or pay in cryptocurrency.
Recently GMO-Z.com Coin, the cryptocurrency trading and wallet arm of the GMO Internet, went through a major re-branding.
Japanese giant GMO Internet has announced the release of ‘Region Token’ - an open source Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term solution for local communities to issue their own crypto coins or points. The developers say that this will help municipalities, local companies and shopping districts to revitalize commerce.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
GMO explains that for enterprises to operate their own point services, it is usually necessary to build highly dedicated servers that can withstand the complicated processing needed for the construction and operation of the systems, distribution management, and maintenance. Also, contractor services are usually required. However, if commissioned to such contractor services, in addition to the costs of servers and databases, various additional operational costs are incurred, including labor costs, management costs, etc.
By using this new program, municipalities and enterprises can easily issue and operate tokens that act as points that can be used within a merchant's affiliated stores. Since the process is automated according to prescribed logic, it is possible to construct an autonomous and permanent point system that incurs only the recording processing cost on the blockchain.
The Region Token runs on the Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term environment and it conforms to the token standard specification ERC20 advocated by Ethereum.
Since the service provider (such as municipality and shopping district) can prepay the cost of recording in the blockchain collectively in fiat, the users, the merchant and the municipality may use the system without having to hold or pay in cryptocurrency.
Recently GMO-Z.com Coin, the cryptocurrency trading and wallet arm of the GMO Internet, went through a major re-branding.