An initiative of utilizing blockchain know-how to cut back disposable merchandise

Pundi X, a number one developer of blockchain-based know-how options, introduced their participation within the Jeju Digital Social Innovation (Jeju DSI) undertaking as a accomplice of Crypto Jeju. Crypto Jeju has been chosen as a Jeju DSI undertaking, promoted by Jeju Particular Self-Governing Province and Jeju Techno Park, to supply options utilizing digital know-how to unravel native points.

On the Blockchain In Jeju 2019 convention hosted by Jeju Particular Self-Governing Province on Tuesday 10 December 2019, Crypto Jeju introduced the Blockchain Tumbler undertaking, an answer to cut back disposable merchandise by blockchain know-how whereas encouraging the area people to make use of their tumblers as a substitute of disposable merchandise within the retailers. Pundi X’s blockchain cost gadget known as XPOS can be used to report and reward tumbler customers.

Crypto Jeju can be offering tumblers with QR codes, referred to as “Jeju Love Act — Utilizing Blockchain Tumblers.” Customers of those Blockchain Tumblers can be rewarded with cash or supplied low cost which can be utilized to offset purchases at totally different shops. The tumblers can be consultant of the impression they’ll have on environmental safety.

By the XPOS gadget, QR codes might be acknowledged and recorded. The tokens might be allotted to calculate the variety of tumblers used and supply an estimate of the discount in disposable merchandise used. Crypto Jeju will present certification to retailers who take part on this initiative. A complete of 20 cafes in Jeju will take part on this pilot program from February to March 2020 after a check interval subsequent month.

The Jeju Governor, Gained Hee Ryong, delivered a congratulatory speech on the occasion and visited the Crypto Jeju and Pundi X sales space to expertise the usage of cost units XPOS and NFC-enabled multi-digital foreign money card XPASS.

Karl Hyun, Blockchain Developer of Crypto Jeju, mentioned “Along with these tasks, we’ll develop an structure for sustainability and scalability through the use of blockchain know-how. Furthermore, we can even push our initiatives ahead with Decentralized ID and Inter-Chain Answer.” He added, “we’ll speed up the creation of the Blockchain ecosystem with Pundi X, and make blockchain know-how work for the precise wants, corresponding to creating true worth to our society.”

About Crypto Jeju

Crypto Jeju, an organization specializing in blockchain know-how, locates within the W360, an innovation startup innovation heart specializing in Blockchain and Huge Information which opened in September. The corporate additionally signed within the “Digital Social Innovation Mission,” a regional problem-solving platform utilizing digital know-how being pushed by Jeju Island and Jeju Techno Park. Based mostly on these tasks, Crypto Jeju will put together an structure for sustainability and scalability, and implement the undertaking with a concentrate on Decentralized ID and Inter chain Answer. For extra data, please go to

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