SINGAPORE--(BUSINESS WIRE)--The Bezant Foundation (Representative Director Steve Tay), which provides a Blockchain-based decentralized payment platform, held a meet-up for global investors and developers successfully at the Conrad Hotel Tokyo on April 16.
In the session, Foundation Director Steve Tay, Chief Cryptocurrency Officer Daesik Kim, who is founder and former CEO of Bithumb and Chief Technology Officer Colin Lee, who is the former project lead of Kakao Co.’s payment platform development, presented the current business conditions, technology and roadmap of the Bezant Foundation.
The Bezant platform is based on a Blockchain developed with the Hyperledger Fabric technology to overcome the limitations of existing public Blockchains in such key payment elements as speed and commission fees. The Bezant Foundation plans to utilize the platform in creating a wide array of new services directly as well as through its partners.
“We will create services that can be widely commercialized for individual consumers to benefit from our Blockchain technology. As a way of doing so, we will offer wallet services as a module to corporate customers so that consumers can use Bezant Token (BZNT) for digital contents and e-commerce. Under our plans, consumers will be able to trade BZNT with other users through wallets, and also exchange BZNT with other cryptocurrencies after the token is listed on the cryptocurrency exchanges,” CCO Daesik Kim said.
“In addition to wallet services based on Blockchain platform, we are working on content platform services which will take the form of B2B solution in order to activate paid content markets themselves. Through Blockchain technology, content providers, distributors and consumers can ensure transaction transparency, privacy protection and minimal commission fees even without central control by mediators,” CTO Colin Lee said.
“It is a really big project to develop all of Bezant Blockchain, platforms based on it, and content and payment platforms working therein, including wallet. To make the project a reality, we have secured 20 experienced engineers with superior technical skills,” CTO Colin Lee added.
A presentation on payment back-end solutions which will actualize Bezant Blockchain platform took up a large part of the session. A payment module which can support various local payment methods and also be a gateway for them through an API connection got a lot of attention.
Foundation Director Steve Tay said, “The Bezant Blockchain Project is renovating the ecosystem of digital payment markets. Through Blockchain technology which does not need mediators, we will eliminate inefficiency all the way from content distribution to content payment. We will also try to expand the digital payment markets of emerging countries especially in Southeast Asia by providing partners with B2B payment solutions that will support not only international credit cards but also local payment methods which differ from country to country.”
An official of the Bezant Foundation said, “Through the meet-up, we could be assured again of much interest in and strong support for the Bezant Blockchain Project. To answer high expectations for us, we will announce the schedule of our next global meet-up as soon as possible so that global investors and developers can communicate directly with us.”
Meanwhile, the Bezant Foundation, a venture startup founded in Singapore in 2018, was joined by Daesik Kim, the founder and former CEO of Bithumb, one of the world’s largest cryptocurrency exchanges, as a direct investor and chief cryptocurrency officer who will oversee Bezant’s businesses as well. Bezant has attracted attention in the related industry by recruiting outstanding developers of popular Kakao Pay and Kakao Commerce platforms and competent figures who worked at NHN Entertainment and eBay, etc.
The Bezant Foundation has begun its ICO for BZNT. Pre-sale will begin at 9 a.m. on May 3 and end at 9 a.m. on May 31 in Singapore time.