Monthly Update August — September

The Token Network team has been working to develop its blockchain and integrating its ecosystem with e-commerce merchants. During the course of August and September the team has been aggressively making progress on the business development side of Token Network and aiming to make its main net live Q1 2021.

With increasingly growing numbers in the business development side, we have started to explore the decentralised finance model for e-commerce and will be where we will be starting our business both locally and internationally. The Token Network blockchain is building and enhancing its supply chain module in order to support this through the addition of decentralised financial mechanisms. Furthermore, our team has developed its own crowdfunding tools using the ethereum blockchain, which will be later migrated to our own blockchain network later down the line.

Technical Development

Token Network team has been continuing to develop its cross mechanisms using nuls chain factory modules and have been specifically working on the development of custom made applications for use with our supply chain modules within our test blockchain chain environment.

Our web wallets and mobile wallet have been completed on the test environment network and are doing our final testing and documentation before our planned public release.

The Token Network team has been anticipating launching its network by Q1 2021. In preparation for this, the Token Network team has also rebranded both the website and its logo.

Business Development

Our team has expanded and has started to work with more businesses who are looking to use a blockchain solution for both an efficiency and security standpoint.

The business development team has been currently working on expanding more into supply chain management solutions and decentralised finance options for current e-commerce owners.

Token Network Web Wallet

Token Network team has completed its web wallet in the closed test environment which will be pushed to the public later next month for closed testing.

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