Token Network Monthly Update- July

The Token Network team has completed the testing process for its blockchain environment and now are working with local businesses to integrate our services into their business.

Due to the current pandemic and global crisis we have seen more opportunities emerge in the eCommerce space whereby merchants are looking for alternative ways to crowdfunding.

We have been working with our partner company Bpay Consulting to roll out the crowdfunding tools and services using a Token Network Blockchain system.

Technical Development

Our team has been working on building a cross-chain mechanism that will allow other blockchains such as ethereum to work with Token Networks as well. In our crowdfunding application- businesses will initially be able to issue tokens on the Ethereum Blockchain but will later be able to add custom made solutions through smart contracts. This can later be migrated to our Token Network Blockchain as well.

Token Network Web Wallet

• The team will have its Web Wallet ready on August 31st and will have this go through public testing from the 4th of September.
• We are continuing to improve the Web Wallet further and have redesigned the web wallet to fit the user experience and needs.

Mobile Application

The Token Network team is working on developing a mobile application for its Wallet and anticipate for this to have a beta launch in December 2020.

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