Epazz is working with Greenheart CBD Hemp to develop smart contracts for IEO (Initial Exchange Offering).
Epazz is a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions.
According to the statement, the company will enhance its smart contract software to enable other organizations interested in launching IEOs with an easy way to create and modify smart contracts without the need for programmers. is.
Blockchain a growing market
According to Carlos RW De Meijer, Senior Economist and Researcher at De Meijer Independent Financial Services Advisory (MIFSA), the global blockchain market will grow exponentially in 2021.
More companies in many industries are increasingly interested in using blockchain technology to drive business processes.
The COVID-19 pandemic quickly tracked digital transformation drives in many ways, including distributed ledgers and blockchain technology.
As a result, the global blockchain market will grow from US $ 3 billion in 2020 to US $ 39.7 billion by 2025, with a compound annual growth rate (CAGR) of 67.3%.
Many industries are looking for solutions that use blockchain technology as a useful tool for digitizing their business.
With the adoption of FinTech and blockchain technology, companies can upgrade and streamline their operations.
In addition, the acceptance of digital storage of assets on tokenization or blockchain will accelerate advances in DeFi or decentralized financial services, the company said.
DeFi illustrates the successful process of smart contracts for financial services. This is an alternative form of business finance that perfectly matches the parameters of financial technology in the economy.
DeFi services have grown tremendously this year, surpassing US $ 10 billion. It is expected to speed up after 2021.
Epazu and Greeheart CBD Hemp
Epazz blockchain technology provider used smart contracts to develop IEO securitized token software to help Greenheart CBD Hemp launch Greenheart Punt as a liquid token to be used in a range of current and future CBD products. ..
This collaboration between Epazz blockchain technology and Greenheart CBD Hemp is part of the growing “DeFi” movement, leveraging blockchain’s ability to establish a decentralized ecosystem uncontrolled by a single entity and tokens. Improves owner accessibility. State.
It addresses the challenge of lacking adequate banking support for the CBD industry around the world.
Epazu and Greenheart’s CBD hemp company will initially offer 200 million Greenheart punt tokens backed by 1,000 liters of Greenheart’s CBD oil. This is worth about US $ 4 million.
Greenheart Punt Token began trading on December 1, 2020 through the LAToken mobile app. Investors can exchange tokens for CBD oil if needed.
The token will allow holders to skip the high payments and processing fees charged by traditional financial payment providers, the company said.
In the sale of the IEO, the company has provided 40 million Greenheart Punt tokens to certified non-US investors.
With this premise, the company is preparing to enter the Asian Token Exchange to accommodate Asian investors, especially China.
From a regional perspective, China is leading the blockchain space as the Chinese government-sponsored blockchain-based services (BBS) network aims to make blockchain technology an important part of its digital infrastructure. I will.
China is seeking to issue a cryptocurrency yuan as part of its goal of providing global public infrastructure through the BBS network.
Shaun Passley, CEO and Chairman of Epazz, said: “In 2021, we can further emphasize the value of cryptocurrencies by adapting to the new normal lifestyle, maintaining social distance and executing electronic payment transactions.
“But with high liquidity in the crypto space, anything can happen, so our blockchain technology allows users to make logical decisions by tracking and monitoring small changes in crypto behavior. will do so.”
Epazz teams up with Greenheart CBD Hemp to develop smart contracts worldwide Source link Epazz teams up with Greenheart CBD Hemp to develop smart contracts worldwide