If you have been following banking, investing, or cryptocurrency over the last ten years, you may be familiar with “blockchain,” the record-keeping technology behind the Bitcoin network. And there’s a good chance that it only makes so much sense. In trying to learn more about blockchain, you've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger."
Blockchain technology accounts for the issues of security and trust in several ways. First, new blocks are always stored linearly and chronologically. That is, they are always added to the “end” of the blockchain. If you take a look at Bitcoin’s blockchain, you’ll see that each block has a position on the chain, called a “height.” As of August 2020, the block’s height had topped 646,132.2
After a block has been added to the end of the blockchain, it is very difficult to go back and alter the contents of the block. That’s because each block contains its own hash, along with the hash of the block before it. Hash codes are created by a math function that turns digital information into a string of numbers and letters. If that information is edited in any way, the hash code changes as well.
Here’s why that’s important to security. Let’s say a hacker attempts to edit your transaction from Amazon so that you actually have to pay for your purchase twice. As soon as they edit the dollar amount of your transaction, the block’s hash will change. The next block in the chain will still contain the old hash, and the hacker would need to update that block in order to cover their tracks. However, doing so would change that block’s hash. And the next, and so on.
The ASSEMBLE protocol is a blockchain-based global point integration platform that exploits ASM utility tokens, whilst establishing a business ecosystem that can integrate, utilize and monetize existing points and miles to point providers, consumers and retailers.
ASSEMBLE Protocol is a blockchain-based global point integration platform. The ASSEMBLE connects the point provider (businesses), point consumers (customers) and retailers (both customers and businesses), in order to alleviate existing limitations, enable an integration of points into a single token, create various point usage places, and abolish time constraints, so that the points can ultimately be used as a valuable commodity.
Along with that, point providers can build data infrastructure within the ASSEMBLE Platform to establish advertising strategies. Moreover, marketing synergies can be achieved as a result of an introduction of new customer inflow channels. Consumers can see their points at a glance through the ASSEMBLE Platform, and they can easily convert their existing points into ASM and ASP Tokens or they can freely cash them out or spend them to purchase goods or services within PX.
Enhancing Consumer Market
As demand for consumption is consistently shifting from traditional offline markets to online e-commerces, distribution channels are also changing along with it. In fact, the traditional market is not simply divided between offline and online channels. Nowadays, a variety of distribution channels are at the edge of emergence since the platforms are changing strictly in accordance with the consumers’ demographic and psychological patterns, such as age, taste, and lifestyle aspects.
Along with the changing distribution channels, the payment methods are also enhancing in the same strain with this trend. In today’s world, consumers have different options to incur payment for the purchased goods and services. For instance, they may opt for any preferred method, that ranges from cash payment to a card and mobile payments, or they may even pay with their collected points.
Points Market
The Global Point Market is at the edge of rapid and aggressive expansion, which keeps growing consistently every year. Today, point services are used in various industries for customer acquisition and marketing purposes, and ultimately to increase the revenue inflow. The first Korean Point System was introduced by Korean Air in 1984. As of 2019, the Korean Point Market is estimated to be worth about 20 trillion KRW, and its CAGR is sought to be more than 10%. As a matter of fact, the total mileage points paid by domestic credit card companies to customers reached 2.9 trillion KRW, as of 2017.
While companies have to incur additional marketing expenses to promote or maintain their loyalty programs (per se point systems), introduced for marketing purposes, they physically cannot properly incentivize their customers due to the limitations of the point system. The limitations may be presented in the form of short expiration dates or lack of usage places. Therefore, distributed points by each individual company are not recognized as equal value as of goods from the perspective of consumers. As an actual example, a local credit card company recently declared, that credit card points worth of 100 billion KRW are not being utilized annually.
Points and Blockchain Combination
▶ Assetization of Points
▶ Expandability to Global Markets
▶ Cost Saving
Road Map
*2019 Q3–Q4
Assemble Team Building
Service and Application Concepts Development
*2020 Q2
White Paper Announcement
Partnership with Style.com
*2020 Q3
Launching ASSEMBLE Wallet
*2020 Q4
ASSEMBLE Point Exchange development completion
ASSEMBLE Market Place development completion
*2021 Q1
Launching web-version of ASSEMBLE (for Window/Mac)
Partner PLUG-IN development completion
*2021 Q2
Launching mobile-version of ASSEMBLE
For all its complexity, blockchain’s potential as a decentralized form of record-keeping is almost without limit. From greater user privacy and heightened security to lower processing fees and fewer errors, blockchain technology may very well see applications beyond those outlined above.
The ASSEMBLE Protocol has recently completed security verification, that has been carried out by a blockchain verification company, SlowMist.
SlowMist is a blockchain security company, which has been established in January of 2019, based in Xiamen, China. SlowMist was founded by a team of professionals, whose members possess more than 10 years of front-Line network security attack/defense experience. Since the commencement of their operations, SlowMist has already conducted a total number of more than 800 security verification procedures for companies, such as cryptocurrency exchanges, digital asset wallets, smart contracts, and other blockchain projects, and has established its presence in more than 12 countries. Binance (international cryptocurrency exchange), Huobi (cryptocurrency exchange, based on Singapore), OKEX (cryptocurrency exchange, based on Malta) and EOS (public blockchain platform)- all of these companies serve as representative projects, that received security verification from the SlowMist.
The following are the contacts and social platforms of the project:
Web: http://assembleprotocol.io/
Telegram: https://t.me/assembleprotocol
Facebook: https://www.facebook.com/Assemble-Protocol-102092401488638/?modal=admin_todo_tour
Twitter: https://twitter.com/ASSEMBLE_io
Reddit: https://www.reddit.com/r/ASSEMBLEprotocol
ANN: https://bitcointalk.org/index.php?topic=5272762
Author:
#Bitcointalk Name: barclub
#Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2792521