TomoChain partners with apM Coin — driving blockchain commercial use to mass adoption

TomoChain is pleased to announce our partnership with apM Coin, the blockchain-powered customer rewards management platform for on-/off-line business transactions.

TomoChain signed a Memorandum of Understanding (MoU) with apM Coin on November 5th, 2020. With extensive experience in developing several blockchain applications across various industries, TomoChain promises to assist apM Coin in developing its platform’s technology features and synergies to implement more services on a larger scale. More specifically, TomoChain will support the scalability of apM Coin adopted in its customer reward platform, which will be deployed in the most popular B2B fashion shopping malls apM, apM PLACE, and apM Luxe in Korea.

This collaboration is expected to generate significant benefits for both wholesale fashion giants and customers in not only the Southeast Asian region but also on an international scale. With apM Coin’s strong industry base of 1,300 wholesale brands and 1.5 million annual cumulative visitors that include more than 80% of global buyers, TomoChain and apM Coin plans to push blockchain commercial use towards mass adoption.

“Most buyers of apM shopping malls are global business persons, and many buyers are particularly traveling from Southern China regions and Vietnam. apM, apM PLACE, and apM Luxe are some of the largest wholesale fashion malls in Korea, and these malls are where apM Coin’s service is to be adopted. TomoChain is famous for its solid technology and strong foundation in Southeast Asia. In accordance with apM malls’ on-/off-line global expansion plans, joining hands with TomoChain will allow us to enforce our scalability of technology and business across the ASEAN region.” — apM Coin representative expressed his excitement about the partnership with TomoChain.

“Korea’s apM wholesale malls for fashion have teamed up with apM Coin. The cooperation with apM Coin is part of the wholesale fashion giant’s plans to expand their business into Southeast Asia, including Vietnam, so it’s an exciting time to partner together with apM Coin and apM Group. apM Coin is an early example of how blockchain could potentially be used commercially, and at scale, to power a cross-border customer reward system for millions of their own customers. I look forward to participating in apM Coin’s growth and in exploring greater synergies for collaboration between our teams.” — said Kyn Chaturvedi, TomoChain’s CBDO.

About TomoChain

TomoChain is a scalable blockchain-powered via the advanced Proof-of-Stake Voting consensus and used commercially by companies globally. Our mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of blockchain, all while retaining its underlying benefits. With the acquisition of German enterprise blockchain Lition, we empower our sidechain technology for commercial use-cases. TomoChain’s major partners include globally-renowned IT companies such as SAP, Microsoft and famous blockchain companies/projects such as NEO, Chainlink, Band Protocol, SERUM, Contentos, Terra and many others.

TomoChain’s technology and DeFi-focused flagship products include:

· Fast & Near-Zero Fees: 2000 TPS, 2-second block time, ~$0 gas fees, and EVM compatible

· An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform.

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About apM Coin

apM Coin (Token Symbol: APM) is a customer rewards management platform for on-/off-line business transactions. Since 1999, apM Group, the dedicated project partner of apM Coin, has grown as the leading wholesale shopping malls with trendy collections and premium quality apparel products. Three shopping malls under the group-apM, apM Luxe and apM PLACE-currently have more than 1,300 brands, averaging 10,000 visitors per day and accumulating 1.5 million visitors per year; more than 80% of the visitors are traveling from outside of Korea. Based on the apM Group’s strong consumer base, apM Coin will present the customer reward system featuring optimised solutions for wholesale clothing market, which will lead to the sustainable ecosystem with buyers and customers and global growth apM Chain platform featuring secure real-time digital transactions, credible customer reward management and efficient CRM solutions tailored for the wholesale fashion market.

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