February 2021 Newsletter
🖥️ Global FinTech Paywiser now using ParallelChain® for e-KYC
👥 Digital Transaction lands new partnerships with tech heavyweights
🏆 Digital Transaction wins “FinTech Startup of the Year 2020"
🔵 Private sale of the XPLL utility token now ongoing
🎤 CMO Noëlle Gahan talks blockchain at London’s Blockchain Bytesize
Enterprise blockchain game-changer ParallelChain® inks KYC deal with global FinTech Paywiser
Digital Transaction’s ParallelChain® has been selected by Paywiser, a global FinTech company headquartered in Singapore, for its KYC and business operations. ParallelChain®, Digital Transaction’s core technology, is the only blockchain available today that complies with current enterprise governance protocols and is quickly becoming a compelling choice for enterprises looking for state-of-the-art blockchain solutions.
Paywiser will deploy ParallelChain® and eKYC-Chain to perform Know Your Customer (KYC) verification on their customers. eKYC-Chain, through 2D/ 3D anti-spoofing facial recognition, enables Paywiser’s KYC system to distinguish prints and fakes in real-time, strengthening the process of identity verification and reducing potential risks of fraudulent activities.
Louie Ho, Asia COO at Paywiser noted, “Blockchain is an integral part of FinTech and has demonstrated its capability to facilitate instant, secure and low-cost transactions and KYC processes. ParallelChain® and eKYC-Chain match our vision and commitment of reducing onboarding risks while leveraging blockchain products in delivering the most optimal, efficient and user-friendly financial solutions to our valued customers”. As part of this collaboration, Paywiser will also become a reseller partner for Digital Transaction’s products and services.
New partnerships with IBM, AWS and Digital China
Digital Transaction is the latest innovative blockchain company to become a certified business partner with IBM and an ISV Partner with AWS. Digital Transaction can now leverage both partnerships to expand its business globally and offer IBM and AWS customers around the world access to its ParallelChain™-based blockchain solutions.
Digital Transaction has also announced a partnership with Digital China, a leading provider of cloud services and digital solutions in Mainland China. This partnership sees the integration and deployment of Digital Transaction’s blockchain technology into Digital China’s robust IT solutions to accelerate China’s digital transformation framework.
Digital Transaction wins big at 2020 FinTech Awards
Digital Transaction bagged two awards at the 2020 FinTech Awards ceremony on 12 January 2021, winning the Grand Prize “FinTech of the Year 2020 in Start-up” and “Outstanding Real Time Monitoring Blockchain Application System Solution” for ParallelChain™.
The FinTech Awards is an annual award organised by ET Net, a subsidiary of the leading financial newspaper Hong Kong Economic Times. Read the article published on ET Net.
Digital Transaction launches native utility token XPLL
Digital Transaction has officially launched its native utility token called XPLL. The XPLL is an ERC-20 token that can be held in any ERC-20 compatible wallet or in the ParallelWallet, an unhackable digital wallet developed at Digital Transaction. Token holders are eligible to redeem licenses of Digital Transaction’s blockchain software, as well as earn XPLLs as rewards for running and operating the network nodes. For more info, you can download the XPLL Lightpaper.
The token is currently still in its private sale stage and is scheduled to be open for public purchase in Q3-Q4 2021.
- Digital Transaction has a total of 10 patents currently pending, including 6 with the US’ Patent and Trademark Office (USPTO) — Blockchain Enhancements: Scalability, Testability and Usability; Parallel Blockchain Processing; Methods of Proving Immutability of Digital Records; Blockchain-based Fail-safe Mechanism; System and Methods of Proving Immutability; The Right to be Forgotten (the latter two pending in the EU and China as well).
- Noëlle Gahan, Digital Transaction’s Chief Marketing Officer, has been invited to speak at Blockchain Bytesize Summit, a virtual blockchain-themed programme organised by UK event platform MoneyNext. She talked about how blockchain finally “crossed the chasm” from hype to mainstream and what essential features the latest generation of enterprise blockchain must offer.
- Digital Transaction has added 7 media partners to its growing partner network. These media organisations are Asia Token Fund (Singapore), Bitcourier (UK), Block Tides (Philippines), CoinPedia (USA), CryptoTicker (Germany), E-Crypto News (USA) and Jumpstart Media (Hong Kong).
- Dr. Geoffrey Yuen, Digital Transaction’s Chief Scientist, has been invited to speak at the HKIE CAD Online Symposium 2021, organised by the Hong Kong Institute of Engineers (HKIE), where he will be speaking about blockchain as the foundation for enterprise AI. The symposium will be held on 19th March 2021 (Fri).
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About Digital Transaction Limited
Founded in 2018, Digital Transaction Limited is a Hong Kong breakthrough enterprise blockchain technology company. Digital Transaction is the home of ParallelChain™, the fastest, most scalable and the only GDPR privacy compliant blockchain in the world. With 10 patents pending, as well as an award-winning technical team, strong business execution and deep market insight, Digital Transaction consistently rolls out technical innovation leading the Distributed Ledger Technology movement with unmatched products that unlock enterprises’ digital transformation initiatives.
Visit website: https://www.digital-transaction.com/