Blocnation is a company that aims to deliver a full-suite of cashless payment solutions for emerging markets with the help of three core technologies: the blockchain, the Komodo Platform, and a relationship with PouchNATION, South-East Asia’s biggest digital payments solutions company and the industry leader of the region.
Although PouchNATION is only serving one region, for now, its partnership with Blocnation will allow the company’s solution to be supported across regions and eventually serving the world as the platform grows.
Blocnation is also the world’s first decentralized ICO (dICO), a revolutionary ICO model available only on Komodo.
A dICO provides total privacy to investors as anonymity is maintained and it also offers instantaneous transactions thanks to the platform’s atomic swap technology, a bonus that is always welcome in financial-based transactions.
The platform will gradually roll out its functionalities in a user-friendly mobile app that will allow users to gain access to the features of Blocnation.
Blocnation’s team is led by Graeme Perkins, the company’s CEO and a serial entrepreneur responsible for building several successful businesses in previous years before starting Blocnation.
Perkins, along with the company’s COO, Gino Jacinto, will take the helm at Blocnation for the team to deliver on their goals and produce satisfying outcomes for investors and the platform’s users.
The key to Blocnation’s features is the platform’s mobile app. The app will allow users to access all of Blocnation’s products and services such as trading coins, storing coins in wallets, as well as making transactions with BNTN tokens, the platform’s official cryptocurrency.
Blocnation will not only be served solely to end-consumers; businesses also benefit from the platform as there are services provided specifically for companies to improve their businesses processes (e.g cash flow management) with Blocnation’s technology.
At the same time, Blocnation will also be integrated with PouchNATION’s services. This means that users can use BNTN tokens to purchase event tickets, book venues, or perform any transactions available on the PouchNATION platform without any problems.
As the platform is built based on Komodo, Blocnation enjoys the benefit of increased security as Komodo reduces the chances of the platform being hacked to virtually zero.
As mentioned earlier, the platform will roll out its features in several stages or phases starting with:
Phase 1 – Holding and exchange
Blocnation will first offer a marketplace to cater to both traders and cryptocurrency holders. Users will be able to store multiple cryptocurrencies in their wallets but what makes the marketplace interesting is the 0% transaction fees applied to all transactions made on the marketplace.
Users will be able to trade or swap cryptocurrencies seamlessly thanks to the platform’s atomic and etomic swap technologies which also allows transactions to be processed extremely quick.
With this feature, users will be able to overcome obstacles present in today’s cryptocurrency exchanges in Blocnation’s easy-to-use marketplace and with zero transactions fees, users don’t lose any value at all in converting or trading coins.
Phase 2 – Events
Blocnation will also allow BNTN tokens to be used as a means to purchase tickets for events such as music festivals or sports events across South-East Asia. As mentioned earlier, this will be done in collaboration with PouchNATION’s services which will be integrated with the features available in Blocnation.
By using BNTN, users enjoy benefits such as lower ticket prices as there are little to no transaction fees applied to event tickets—all without causing any disadvantages to both users and clients.
To make the process hassle-free, there will be no extra registration or sign-up processes needed to use the ticketing feature.