The South Korean company Cube System’s CEO Kim Dong-Oh announced on the 4th of this month that they have signed a contract at the headquarters of ‘Cube System’ with ‘ENBER’ (CEO Lee Gwang-Yong), a company specializing in digital gift card issuance and gift card transaction services for applying their blockchain technology, Cube Chain, to ‘ENBER’s entire service business area.
As a result, by applying Cube Chain technology to equity investments in ‘ENBER’ company and their business areas, ‘ENBER’ will share the global rights and profits of the pipeline with ‘Cube System’ in the future.
The ‘Cube System’ company, a blockchain manufacturer that developed the Cube Chain, has strengthened its position as a Cube Chain in the e-commerce sector based on blockchain technology by investing a stake in the ‘ENBER’ company, which specializes in digital gift card issuance and gift card transaction service.
‘ENBER’ is known as a dark horse company in the e-commerce sector, which has a platform to build a customer’s shopping mall and provide intermediary solutions for transactions, and to issue and trade digital cards for corporate marketing.
‘ENBER’s ‘CUCUDAS’ app is a mobile gift card trade service app for individuals and businesses that can help secure transactions of mobile gift cards and gift vouchers among users and exchange or trade them with vouchers that they need. This app also supports fast transactions after payment and is only available for the account and authenticated users. In addition, there is a feature that it is possible to deal with gift cards easily and reliably by supporting ‘Cus Chat’ function which enables one on one conversation between mileage charge and dealers and buyers.
‘ENBER’ companies are planning to deal with digital goods such as domestic and overseas game makers’items and service providers’ online vouchers, based on the Cube Chain, and their progress is getting attention.
‘Cube Chain’ is called 4th generation blockchain technology. By creating blocks simultaneously in 24 transaction pools, TPS processing speed and block generation time are improved. In addition, they are evaluating that they have developed a next-generation blockchain technology as a unique algorithm for quickly searching for and accessing a block without affecting the processing speed even if the entire block size is increased by using a special block.
Lee Gwang-yong, CEO of ‘ENBER’ said, “Cube Chain is a technology that can prove the transaction with the user safely based on the rapid processing of large capacity data that could not be seen with the existing blockchain technology and the double encryption technology. Therefore, it will become a very important position for digital transactions such as digital gift cards in the future”.
Kim Dong-Oh, CEO of the ‘Cube System’ said, “In the field of e-commerce, the most important part is proof of the identity of the online traders and the truthfulness of the transaction products. The most important part is to support the mutual transactions more quickly and safely by applying the new blockchain technology, Cube Chain.”
Meanwhile, Cube Chain is currently undergoing crowdfunding, and details can be found on their official website.
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