Been asked to look at real, novel, unique applications of Blockchain technology. Will be posting them here ongoing. Comments are welcome. Do also pass along any I have not seen.
Singapore's Biggest Online Mall Fights Alibaba With Blockchain
Bloomberg
By Yoolim Lee
Entrepreneur Ku Young Bae, who founded Singapore's biggest e-commerce company, has launched a plan to bring blockchain efficiency to e-commerce. His Qoo10 online mall in January established a separate marketplace called QuuBe using the distributed ledger technology, which allows Ku to eliminate the fees he currently charges merchants to sell products on the site. Ku also is developing a blockchain-based payment system to draw new shoppers, in which buyers and sellers use tokens called Q*coins, which are stored in a digital wallet in the QuuBe app. The Q*coins are pegged to the U.S. dollar and are fully convertible with no extra fees, and Ku expects their value will appreciate as their circulation spreads. Said Ku, “This is my attempt to shift the paradigm and level the playing field. There hasn’t been any radical innovation in the e-commerce industry—with services largely resembling one another.” .... "
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