TokenBacon Helps Companies Find Their Way in Building Blockchain
Many companies express a desire in building Blockchain technology but deterred by the vast amount of data that is required. TokenBacon proposes a feasible solution to solve this problem by offering the World’s first cross-chain blockchain cloud service that connects together both private and public blockchains. This will give social community professionals, enterprises and startups a free method to create their own blockchain ecosystems and issue their own cryptocurrency.
TokenBacom utilizes public Sidechains and API clouds to allow social media professionals, startups and enterprises to connect to every digital currency currently in known existence through the use of cross-chain blockchain technology.
TokenBacon founder Chih-Hsing Lai explains: “We see the role of TokenBacon similar to the role of VISA as card issuing network in the traditional credit card payment system. Using this analogy, businesses or exchanges should be viewed as akin to a bank or business that issues cards to individuals.”
TokenBacon is the world’s first cross-chain blockchain cloud service and offers a costless way to bring internet services and blockchain together. This enables every business to create their own blockchain ecosystem, establish a private transaction trading chain, track assets in the physical world and issue their own cryptocurrency.
TokenBacon offers a free solution for every business to create their own blockchain ecosystem
A lot of businesses express desires to build their own blockchain but find the vast amounts of data required to be prohibitive. TokenBacon offers a feasible solution to this problem.
“If a company would like to release its own blockchain token, it finds that not only is it hindered by a lack of necessary developing skills, but also the cost related to ‘mining’ or ‘fuel’ has the potential to push the project way over budget,” said Lai. “This is similar to the troubles faced by the general consumers who have to deal with long time periods to transfer money and to memorize an account number that contains so many numbers that it is nearly impossible for the human brain to remember. TokenBacon offers a solution by bringing together the jumbled mess of public and private blockchains, so that users are able to use their email addresses to enter their accounts, meaning that transactions can be completed instantly and increasing the possibility of more future applications.”
TokenBacon’s cryptocurrency allows companies to foster better customer relations through the use of digital coupons and membership points. They can also utilize TokenBacon to set up a reward system that fosters deeper relationships with members of their community. For example, everytime a user presses ‘like’, leaves a comment or shares content, they can be rewarded with tokens which act as badges of honor. Through the use of the TokenBacon API cloud in unison with TokenBacon public sidechain, it’s possible that these badges, points, and vouchers, which are created from cryptocurrency tokens, to be exchanged for various different physical products or other cryptocurrencies. In this way, it gives the consumer a more convenient and flexible experience.
Realize your startup dreams by utilizing blockchain in unison with your community, for free!
TokenBacon offers young startup companies a platform to fundraise during their early stages, through what is known as ‘from Candy to Token’. Chih-Hsing Lai gives an example “imagine if you want to start a tech news service business, you can take advantage of cryptocurrencies to bring in talents and financial resources from the online world. The startup can plan to release ‘News Coins’ on public blockchains, and announce their project outline on social networks to connect with global talents”. In the meantime, the startup creates so-called “Candy” on Bacon Chain as rewards.
For example, a new startup could reward white paper writers with 300,000 candies, app developers with 100,000 candies and web designers 50,000 candies. The Candy should be viewed as a beneficiary certificate issued by the startup. As long as the project is convincing and trustworthy, the Candy can entice outstanding talents to join the startup at early stages. When the community is established and business model set in place, the startup can proceed to run an initial coin offering(ICO) to collect funds to finally establish the company. Chih-Hsing Lai says, “this is not a prediction into the future, this is what is happening now”
Take on the world by creating a global blockchain hub
From the very beginning, TokenBacon has set its sights on the global market. It has formed alliances with WITSA(World Information Technology and Services Alliance), CISA(Information Service Industry Association of R.O.C.), OPAY and ECPay. TokenBacon has also publicly announced its products and services at the 2018 World Blockchain Conference in Singapore. “At present, nearly every major nation is looking to take the lead in blockchain development, which means that we need continuous development and creativity to comply with the ever-changing number of local laws and restrictions,” says Chih-Hsing Lai. “If we can learn from the results of what other countries have nurtured over the last decade, then there is an excellent opportunity for Taiwan to become a global blockchain hub.”
