Olife goals to Utilise Blockchain 4.0 Technology to Revolutionise the Digital Commerce Trade

Singapore, 07 Aug 2018 – Olife, a Singapore-based unified digital commerce platform is ready to disrupt the digital commerce panorama by enhancing its companies via blockchain know-how. Olife will likely be launching its personal digital forex, the Olife (ticker: OLIFE) Token, for use inside the Olife ecosystem and traded on the cryptocurrency market.

Olife is a multi-purpose digital commerce, messaging, social media and cellular fee software powered by blockchain. Olife seeks to deal with two main issues customers have on-line: transparency and belief. It serves as a B2B2C digital commerce resolution constructed on blockchain and good contract know-how that enables the internet hosting of grasp nodes and wallets staking.

The appliance incentivizes customers to carry out priceless actions by awarding OLIFE tokens. These tokens will maintain actual world worth each out and in of the applying. Furthermore, Olife may even permit any verified companies to take part and purchase into an ecosystem of buyer engagement and shopper market.

Addressing the Subject of App Fatigue

These days, customers are bombarded with an overabundance of on-line apps. As of early 2018, there are roughly 5.eight million apps spanning throughout Google and Apple’s app shops. In all the things that we do in our day by day lives, there'll most likely be an app for it. In actual fact, the common smartphone proprietor makes use of roughly 30 apps month-to-month. Satirically, the development in the direction of extra selections has led to the very actual and widespread situation of “app fatigue”.

Enter Olife, a blockchain-based unified digital commerce app that seeks to be all-in-one platform for customers to go to for many of their on-line wants. With Olife, customers will solely need to utilise one app platform to interact a number of capabilities, similar to managing companies, settling funds, chatting with buddies, and even cellular gaming.

As a substitute of the standard monetisation fashions that present apps undertake, Olife goals to provide customers a better say within the monetisation course of via decentralised networks. It will make sure that all gamers are proportionally rewarded for his or her efforts via the distribution of shared financial worth and governing energy. Olife’s multi-faceted capabilities will embrace:

Olife Pay – Olife will create wallets for every person account – generally known as Olife Pay, which contains of a spending pockets and a staking pockets. Throughout the Olife Wallet, a person could make OLIFE transfers to different customers or make fee for a various providing of services and products.Private and Skilled Accounts Administration – Inside Olife, customers can create each a private account and an expert account to permit higher separation of the 2 worlds.Company Accounts – Enterprise customers could register for company accounts with Olife to speak with different retailers or freelancers inside the ecosystem to carry out varied enterprise capabilities.Chat Features – Olife gives a spectrum of communication companies, starting from textual content messaging, voice messaging, video calls, conferencing, and video games to sharing of images and site.Cellular Gaming – The Olife gaming platform introduces a number of interactive video games for continued engagement of the neighborhood. Customers will likely be rewarded with OLIFE for accomplishments inside the video games in addition to attaining excessive scores locally. OLIFE can be spent on digital in-app gadgets.O-Zone (Geo-location Perform) – The geo-location operate inside Olife is called O-zoning. O-zoning gives a method for digital advertising actions primarily based on the bodily location of the person. This permits entrepreneurs to straight attain customers at places the place they're almost definitely to convert- e.g eating places promotions, retail reductions and so on.

The OLIFE token will likely be constructed primarily based on the Ethereum platform till Olife’s proprietary community and blockchain has been constructed. That is in order to leverage on its environment friendly stability of pace and token liquidity to make sure customers have a clean expertise from begin to finish.

The Olife Ecosystem is constructed upon six key pillars: Ads and Rewards, Proof of Financial Exercise, Fee and Commerce, Proof of Stake, Private and Skilled Account Integration, Cross-Chain Interoperability. Collectively, these 6 core ideas function the muse for the Olife ecosystem and assist to ascertain synergy between digital communication and commerce functionalities inside the platform.

Driver of Blockchain Adoption

Olife’s blockchain will facilitate co-innovation and open collaboration for companies throughout borders. Olife’s most important web permits cross-chain communication and consensus software with Olife’s most important community’s consensus mannequin as the idea. Companies can type their facet chains and be a part of the cross-chain consensus by loading information which might be operable throughout each chains, in order that cross-chain protocols are operable.

Olife has additionally constructed a stellar management workforce, with one key member of the advisory board being Mr. Anthony Koh (advisory in fee options), Co-Founder and CEO of MC Fee. Anthony has constructed MC Fee up as a number one monetary know-how and enterprise platform companies supplier which specialises in supporting non-cash funds throughout Asia Pacific.

“We envision Olife to be a self-sustaining ecosystem, the place customers are in a position to weave seamlessly between their private {and professional} lives securely, due to the advantages of decentralisation. Olife would be the all-in-one app for individuals to navigate their lives,” mentioned Mr Joseph Lim, Co-founder of Olife.

As a part of its efforts to drive wider adoption of the platform, Olife will likely be internet hosting its introductory occasion, “Olife Join” at Golden Village theatres in Vivocity, Singapore on 8thAugust 2018. The occasion will share extra on the Olife app and how one can be a part of the ecosystem as an early adopter. Furthermore, the occasion will function a visitor panel involving a number of notable audio system from the cryptocurrency and blockchain trade. These audio system embrace Jeremy Khoo, CEO of iFashion; Alfred Chia, Associate at Squire Patton Boggs and Olife authorized advisor; Anthony Koh, Co-founder and CEO of MC Fee; and Latif Sim, Chief Info Officer and Founding Workforce Member at International Crypto Providing Change.

About Olife

Olife is a decentralised B2B2C digital commerce app with the imaginative and prescient of redefining the best way companies and shoppers join. With its personal open-source cryptographic token, OLIFE, it permits customers to amass and entry varied services and products within the blockchain 4.Zero period. Extra info on the IEO might be discovered at olife.io.

Telegram: https://t.me/OlifeChat

Medium: http://medium.com/@OlifeOfficial

Fb: https://www.fb.com/Olife.io/

Twitter: https://twitter.com/OlifeApp

Linkedin: https://www.linkedin.com/firm/olife-chat/

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