IBD Technology, a Singapore-based
company, had announced the launch of a tripartite business alliance that'll
bring full transparency to its business model.
- Company created an ecosystem project called "TOOL Global".
Users will be rewarded with global virtual points that can be used to mine the
company's own digital token, which will be listed in exchanges by October '18
- To allow transparent self-governance of its ecosystem
project, a non-profit organization was launched as a strategic partner, to
oversee operations and funding, alongside an alliance program to promote
- Business model is well-positioned for good growth
opportunities with the rapid rise of blockchain big data and consumers' need
for ownership of their own data.
SINGAPORE - Media OutReach - 27 August 2018 - In an effort to revolutionize
big data with blockchain, IBD Technology, a Singaporean blockchain tech
startup, has launched a new project: TOOL Global, alongside 2 other strategic
partners: AC495 and The WOLOT Foundation, at the Blockchain Commerce
Application Summit last weekend.
TOOL Global project will see an ecosystem launched in tandem with the company's
own digital token (called the "OLO" coin) this September. This ecosystem
returns consumers ownership over their data and its value, while giving
businesses a more streamlined option to obtaining user data analysis for market
research. This is in addition to lowering the cost of user acquisition via
merchant onboarding and user sharing. Valid online activities will be converted
and recorded into different behavioral value tags (BU) which serve as
reward/voucher points, and can be accumulated for OLO tokens for payments
within the ecosystem, or stored for appreciation. It's corresponding digital
wallet dapp by the same name (OLO), is already on its beta release.
doesn't stop there, a new non-profit organization called the WOLOT Foundation
was launched to oversee all operations of TOOL Global's open community and its
arrangement will allow TOOL Global's ecosystem to be self-governed by its
participating business entities and community.
facilitate widespread integration and adoption of the ecosystem, WOLOT
Foundation had striked a partnership with AC495, a self-governed global community led by blockchain experts
and Key Opinion Leaders (KOLs). These international leaders will lead
the marketing and promotional effort and serve as builders to TOOL Global's
Technology CEO, Ben Chan, believes this arrangement to be perfectly aligned
with the company's mission to bring transparency and ownership to mass users.
"We've built a marketing system that's user-centered, now it's going to be
promoted by community leaders, whose earnings and business profits will be
overseen by the community itself" stated Ben.
Singaporean tech startup has already attracted big partners in the APAC region
such as China's Jinvovo Technology, and Singapore Finergy Advisory. Norman, CEO
of Finergy Advisory believes
that the TOOL Global business model is well-positioned for good growth
opportunities with rapid rise of blockchain big data and consumers' need for
ownership of their data. The project has also gained recognition in the
Singaporean space and is currently in talks with authorities and associations
for future collaborations.
information on TOOL Global, visit www.IBDT.io
ABOUT TOOL Global (by
IBD Technology is a blockchain establishment
headquartered in Singapore, Asia's financial metropolis. We are committed to
developing big data technology services platforms that provide open and
international applications and commercial blockchain solutions.