BiiLabs Combines Crowdfunding and Token Economy for Smart Mobility with Blockchain Technology
Release date: 6 October, 2020. Taipei, Taiwan.
BiiLabs, a Blockchain-as-a-Service startup company, recently announced the collaboration with Yi Yuan Charge to integrate the Distributed Ledger Technology (DLT) into its existing payment systems, optimizing its business model to enable the instant feedback from customers for service providers.
Yi Yuan Charge focuses on services for charging up electric scooters. There are more than 300 million electric scooters in China and with 30 percent growth annually. Even though Yi Yuan Charge provides services to their customers. The lack of accessibility of the metadata created by the third-party payment service prevents Yi Yuan Charge from providing more digital value. With Blockchain technology, metadata is shared with the clients, which allows them to create more digital value.
The Internet of Things is on the rise; therefore, traditional credit cards or third-party payments are hard to maintain all these different customer’s information on a single server. BiiLabs integrates Distributed Ledger Technology (DLT) into Yi Yuan Charge to reduce IT infrastructure costs and handle the fees through Alchemist, a self-developed software technology that mixes private and tokenized assets to enhance management and transaction efficiency. Since then, Yi Yuan Charge has obtained customer’s information and provided more digital services.
“BiiLabs uses Alchemist and BlaPay services to support Yi Yuan Charge,” said Lman Chu, the Co-Founder and the CEO at BiiLabs. “We can overcome the challenge of large amounts of data easily for Yi Yuan Charge.”
“Yi Yuan Charge integrates the flows of electric current, human resource, data and cash. With policy support, we will become the most potential and promising company,” said Mr. Sin-Jhong Jiao, the CEO of Yi Yuan Charge.
BiiLabs has been focusing on developing the blockchain technology, communicating and cooperating with partners to discover essential needs, assisting the market on dividends and achieving digital transformation to create new digital value in order to face the future of Internet of Things.
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About BiiLabs
BiiLabs is dedicated in developing distributed ledger technologies to overcome the challenges in the Internet of Everything era, including smart mobility and energy management, and more. Its core technologies assist the digital transformation of various industries, and to solve critical issues such as trust, security, growth and efficiency for our clients. BiiLabs aims to be a leading technology provider in the Internet of Everything world.
