Dear PAL Network community,
1. Thank you for your support over the past few years.
2. PAL Network had completed its sale of PAL tokens in early Q1 2018. Post token sale, the PAL Network team developed and launched over a 24 month period all of the products described in the PAL Network whitepaper and had also issued a bluepaper.
3. PAL Network’s development journey over this period (“Development Period”) is as follows :
· Q2 2018 : Proof-of-concept was developed and launched on Ethereum Testnet; while the team secured partnerships with ERGO, FWD, QTUM, NUM, Sentinel Protocol and traceto.io.
It has been nearly a year since we launched the PAL blockchain mainnet with seven microinsurance products that are available on the PAL Wallet. In the recent months, there has been some shift of focus in insurance industry. We had spent the last quarter intensively pursuing new opportunities around the region, and there are many changes afoot. These include AXA ceasing of operations of its blockchain experiment fizzy, parametric insurance solution for delayed flights, change in insurance regulatory framework in Malaysia, Indonesia’s announcement of new Cabinet which poses dynamic developments and pending initiatives that would be rolled out next year.
An enterprise-focused conference organised by LongHash, our CEO Val Ji-Hsuan Yap spoke at the panel ‘DLT in Insurance’ at DLT Compass just this week at The Westin Singapore.
Topics that were covered included the way DLT (Distributed Ledger Technology), an umbrella term that includes blockchain, can step in and provide more security since fear derived from a lack of security for information, and smart contracts, which itemises risks. Progression of technology is much faster overseas with direct support from the government, inviting insurers to test out policies utilising QR codes and blockchain.
Value can also be found in blockchain, preventing…
On a separate note, we will no longer be listed on CPDAX as CPDAX is unable to support the PAL Mainnet swap. We advise token holders to withdraw PAL from CPDAX and swap PAL tokens manually using this guide.
Please withdraw your ERC 20 PAL from CPDAX and swap your tokens before you deposit them in the other partner exchanges. Our partner exchanges only support native PAL now.
Korean community can…
Blockchain. The revolutionary game-changing and disruptive technology, with the potential to completely change how some industries work, like the banking and insurance sectors. But is it for everyone? Blockchain technology definitely has its benefits, but it also has its downsides when compared to current technologies like a database.
There are different types of blockchain available: permissionless blockchains, where anyone has access to the data on the blockchain and can validate transactions, and the opposite being permissioned blockchain, where only a small set of selected trusted parties will be responsible to hold copies and validate transactions.
When Satoshi Nakamoto released the…