Overview of Bezant cryptocurrency
In May 2018 a new player appeared on the Asian crypto space — the Bezant blockchain. This is a crypto currency of a Korean origin with global ambitions, its first target markets — payment systems and digital content. Bezant provides its platform to partner companies as a service for deploying reliable distributed applications — dApps. This concept is described by the acronym BaaS, or Blockchain-as-a-service. The main industries in which Bezant offers its services are game development, electronic and mobile commerce, social networks and communications, media channels. With the help of blockchain technology, Bezant will be able to significantly reduce commissions paid by digital content creators to payment systems (Visa, MasterCard), app stores (App Store, Play Market and similar) and marketplaces such as Amazon, etc. BZNT token will serve as one of the payment methods and a crypto currency platform.
“Powered by Jehmi”
The Bezant block appeared as an organic continuation of the vision of Jehmi, a Korean-American start-up company headquartered in Irvine, California. The first applications on Bezant will be products Jehmi Wallet and Jehmi Content Platform. Jehmi Wallet is a wallet-service, present in more than 50 countries and integrating more than 250 payment channels, mainly in Southeast Asia, Eastern Europe and Latin America. Users of the wallet will be able to top up the balance and use it to pay for goods and services of Jehmi’s partners. Jehmi plans to connect to its payment system the majority of large companies — digital content providers in their countries.
At the moment (August 2018), both applications are under development.
Roadmap of Bezant
The Bezant blockchain will be developed using the Hyperledger Fabric technology from the Linux Foundation in a fairly short time — the third quarter of 2018. The main applications on Bezant — Jehmi Content Platform, Jehmi Billing & Payment Platform, Jehmi Pay, Jehmi Wallet — should be developed before the end of the first quarter of 2019.
Team
Bezant assembled an impressive team. More than 20 full-time project developers worked at the Korean Internet corporation Kakao (capitalization of about 2.9 billion US dollars), including Product Director Jehmi Mark Yu and Technical Director Colin Lee. Daesik Kim, the founder and former CEO of the largest Korean stock exchange Bithumb, is Jehmi’s Chief Cryptocurrency Officer. Former CTO Bithumb also joined the team. Chief Strategy and Marketing Officer of Jehmi Oh Toringstun is a “serial” entrepreneur from Silicon Valley with solid business connections in Thailand and Vietnam. Business Development Advisor Julian Migura is one of the stars of the Latin American gaming industry, he worked, developed partnerships and closed deals worldwide with such industry giants as Valve, EA, Ubisoft, Riot Games, Smilegate, Perfect World, LevelUp, Webzen and Netease.
One of Bezant’s advisors is Sung Young Park, founder of Dayli Financial Group, the parent company of ICON and ICONLOOP, a Korean blockchain company, and Coinone exchange.
This list goes on and on, one thing is certain: Bezant has one of the most powerful teams in the blockchain sphere, which includes the stars of traditional Internet businesses (payment systems, games, digital content), and crypto industry and exchanges.
Token and price
Bezant’s ticker is BZNT, at the moment — September 5, 2018 — the token is available on Bibox and IDEX exchanges. Currently the Bezant token is traded below the ICO price at around 2 cents per coin. With a total output of 500 million coins, the capitalization of Bezant is approximately $10 million.
Conclusion
The diversified business model and the star level of Bezant’s team guarantee that the currency will survive the bear market and is one of the few coins with high chances of being used by real businesses. In the segment of coins with a capitalization of up to $ 10 million, Bezant is a rare diamond with a huge potential.
