2019.10.27

Blockchain-based Point of Issuance and Exchange System Using CROSS's Autonomous Decentralized Technology will be Released in Japan and overseas in Q1 next year. Promoting Mutual Value Exchange Between Economies of Domestic and Foreign Points

Based in Hong Kong, a blockchain financial system development company, * BRAINCHILD HK LTD plans to release a blockchain-based point issuing system and exchange platform (Pointech: pseudonym) in Q1 next year for Japan and overseas.

Pointech is able to issue blockchain-based points (gold vouchers, gift vouchers, prepaid points) online, instantly and safely at almost zero cost.

Furthermore,
Pointech's exchange function allows users to quickly charge and exchange various points, cash vouchers, gift certificates, etc. between domestic and foreign companies, which was difficult until now.


Pointech fundamentally solves the problems of the point issuance system by issuing points on the blockchain.

  • ❖ High issuance costs
  • ❖ Long time until issuance
  • ❖ Difficulty of exchange between other values ​​(different point systems, products, legal currency, etc.)
  • ❖ Poor management

To improve these weaknesses,
by introducing Pointech,
the following benefits are provided to point issuers and users:

  • 1. Points, gift certificates, electronic money, and prepaid cards can be issued immediately at almost zero cost
  • 2. Settlement corresponding to QR code payment by vouchers
  • 3. Can issue points that can be automatically executed by smart contracts
  • 4. The management and use of multiple points and cash vouchers can all be conducted from the wallet on a user’s smartphone, so there is no need for extra expenses for issuing point cards.
  • 5. Instant exchange of values ​​with other companies' points, cash vouchers, gift certificates, etc.
  • 6. Liquidity is created in the so-called point economy, and capitalization of points and vouchers can occur

As a security measure, data such as point issuance and sales are recorded in an original private block chain (XCR stable chain: pseudonym) optimized for this point issuance system, data falsification, and data duplication. Risks such as data theft are minimized, and security is managed at a level completely different from the current point issuing system.

CROSS's autonomous distributed security technology is diverted and utilized for these security technologies.

Some of the transactions that occur in the XCR stable chain are connected to the XCR market distribution issued by CROSS, used for purchases and burns, contributing to increasing the market value of XCR.


BRAINCHILD HK LTD is making final adjustments to alliance negotiations with point issuing companies in the domestic prepaid settlement method in order to promote the use of Pointech, and will issue blockchain-based points as soon as the contract is concluded.


Pointech Contact: BRAINCHILD HK LTD
https://crossgate.world/


*BRAINCHILD HK LTD is a participant in CROSS, a blockchain project based in Azerbaijan, aiming to build a decentralized value exchange platform.