BiiLabs blockchain application landed, optimized traditional industry business model, constructed digital value

Statecraft Tech
Statecraft Tech
Published in
3 min readNov 2, 2020
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Published by: Zombit | Editor: BiiLabs | Translator: Statecraft

“Blockchain as a service” startup BiiLabs announced that it will cooperate with “一元電力” (english spelling: YiYuanDianLi, a major charging service manufacturer in China) to introduce Distributed Ledger Technology (DLT) into the existing payment mechanism, optimize the original business model, and obtain user information feedback in a timely manner.

YiYuanDianLi currently provides charging services for battery cars in China. There are more than 300 million electric cars of this type in China, with an annual growth rate of 10%. However, it provides services and bears maintenance costs. Third-party payment platforms also share customers The value of the data brought, the possibility of thinking about how to generate more value, and the face of digital challenges have become urgent issues.

BiiLabs announced that it will cooperate with YiYuanDianLi. / Spurce: BiiLabs

With the development of the Internet of Things, credit cards, traditional third-party payment systems, etc., are not enough to perfectly meet the current market needs;

BiiLabs helps YiYuanDianLi replace to a decentralized ledger through the self-developed Alchemist engine underlying technology, reducing the potential for the factory to continue to rise IT costs, exemption of central agency and cash flow processing fees, combined with exclusive and tokenized asset layer to ensure transaction efficiency and maintain its anonymity, and retain a centralized back-end for management, and Even attract other platform users to become users of own platformbegan to build more digital services.

Lman Chu, co-founder and CEO of BiiLabs said:

“Through the Alchemist engine and the BlaPay service built, It allows YiYuanDianLi to support its users easily regardless of the size of the users they are facing. “

Jiao Xin-Zhong, CEO of YiYuanDianLi, said:

“YiYuanDianLi will connect electricity, stream of people, data stream and money flow in series! After integration, with policy support, YiYuanDianLi will be the most developmental and forward-looking enterprise in the market.”

In the future, BiiLabs will continue to deepen the blockchain field, actively invest in cooperation with partners from all walks of life to identify key needs, assist the industry to flatten the digital gap, realize the application of scenes and accelerate digital transformation, construct new digital value, and demonstrate BiiLabs’ expertise Technology, ushering in the Internet of Everything.

Source: Zombit

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Statecraft Tech
Statecraft Tech

京侖科技|Professional blockchain technical team