Latest News
iMining Technologies Launches Staking on the Avalanche Blockchain
CanETH Staking Services Inc. a wholly owned subsidiary of iMining Technologies Inc., enables Avalanche (“Avax”) token staking. The staking operation will secure the Avalanche Blockchain while generating additional cryptocurrency.
Vancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining“) announced today that its wholly-owned subsidiary, CanETH Staking Services Inc. (“CanETH”) has launched staking solutions for the native token of the Avalanche blockchain, AVAX.
Recently, Avalanche has outshined its peers, including Ethereum and Bitcoin, as it has been able to further develop its entire ecosystem. Similar to Ethereum, Avalanche also has smart contract capability; however, Avalanche is able to process transactions faster with lower fees. “Avalanche keeps its transaction fees at a low static level by maintaining a balance between inflationary and deflationary functions. It is deflationary because the transaction fees are taken out of the circulating supply (burned) and it is inflationary because the validators are rewarded in Avax for securing the network,” said Dwain Pereira, VP Staking Solutions.
Avalanche blockchain received further support when Ava Labs, a team developing on the Avalanche blockchain, highlighted that it has formed a partnership with Deloitte Consulting to improve security and accuracy of Federal Emergency Management Agency (FEMA) funding. Deloitte will implement Avalanche blockchain to build efficient disaster-relief platforms.
Avalanche is the fastest smart contract platform in the blockchain industry, as measured by time-to-finality. Ethereum developers can quickly and easily build on Avalanche to create powerful, reliable, and secure applications. iMining’s initiative with Avalanche includes the development of Avalanche staking platform capabilities for institutional customers. Avalanche is the 11th largest blockchain with a market cap of US$26.5 billion.
“We are excited to have our subsidiary building out a wide range of new Avalanche capabilities on our platform. We are creating more wealth-building tools for our customers, including the ability to stake Avax, Avalanche’s native token, to earn rewards,” said Khurram Shroff, CEO of iMining. “We’re also looking to increase DeFi and NFT functionalities on our platform through Avalanche’s high-performing technology, which instantly processes thousands of transactions within a second. We’re excited to offer this to our client base.”
About iMining Technologies Inc.
iMining develops technology for Proof of Stake (“POS”) infrastructure on Ethereum, Cardano and Solana Blockchains and invests in revenue-generating crypto and blockchain assets linked to Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial, an ATM Network and crypto exchange. The expansion also entails a cross-ecosystem development effort of the iMining and select Avalanche-based DeFi and NFT applications.
With diverse blockchain investment and infrastructure solutions, iMining is a leader in accelerating the growth of value creating DeFi opportunities for the enterprise market. The company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Along with its speed, Avalanche is low cost and eco-friendly. Avalanche is the 11th largest blockchain with a market cap of $26.5 Billion.
www.avax.network
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935
Evan Eadie, Corporate Development
Email: [email protected]
Telephone: (604) 602-4935 ext. 203
Toll Free: 1-866-602-4935
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105116
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Zilch, the pioneering ad-subsidised payments network, has expanded its partnership with Amazon Web Services (AWS) to accelerate the integration of Artificial Intelligence (AI) advancements across its platform.
This collaboration aims to bolster Zilch’s AI capabilities by leveraging AWS’s cutting-edge AI and Machine Learning (ML) services. The objective is to transform various aspects of Zilch’s operations, including customer service, merchant interactions, and fraud detection.
Renowned for its innovative ad-subsidised payments model, Zilch collaborates with Amazon Web Services (AWS) to elevate its AI capabilities, enhancing customer service, deepening engagement with merchants, and fortifying fraud detection measures.
The company will continue harnessing AWS AI and ML services to revolutionise customer interactions, merchant engagement, and fraud detection. This partnership endeavors to redefine the landscape of consumer lending and payment solutions.
Philip Belamant, Co-Founder and CEO of Zilch, highlighted the competitive advantage gained from leveraging AWS’s AI and ML services. He stated, “Our customers use Zilch around 100 times a year, which gives us 15-18 times the data available to our closest peers. The combination of our large, high-quality data sets and AWS’s AI and ML services is going to give us a very tangible competitive advantage. Zilch will be using AI to invest in increasing the productivity of our people, accelerating unit economics and creating more value for our customers.”
Tricia Troth, Head of Startups, UK and Ireland, at AWS, expressed enthusiasm for Zilch’s decision to leverage AWS’s AI capabilities. Troth commented, “We’re delighted that Zilch has selected AWS to bring the transformative potential of AI and generative AI to consumer lending. With Amazon SageMaker and Amazon Bedrock, Zilch is able to deliver more accurate and faster lending decisions, and expand its offer to more consumers across the UK and into new geographies and markets.”
Sean Hederman, Chief Technology Officer at Zilch, emphasized the company’s longstanding relationship with AWS and its commitment to innovation. He said, “We first called AWS back in 2018 when we merely sketched out the first tech architecture, so Zilch was literally born in the cloud. Today we’re proud to run the majority of our infrastructure on AWS. This has allowed us to seamlessly handle the massive scale we’ve achieved. We’re now shifting gears up to fully unleash our upgraded AI strategy and hiring top AI talent. This will see us rapidly move beyond our current industry-leading cloud operations and into a new hyperscale data and AI-driven cloud environment.”
Source: fintech.global
The post Zilch Partners with Amazon Web Services to Drive AI Innovation appeared first on HIPTHER Alerts.
CHENGDU, China, April 29, 2024 /PRNewswire/ — The International Horticultural Exhibition 2024 Chengdu kicked off on Friday, attracting hundreds of exhibitors from more than 30 countries.
Ahead of the event, the Chengdu Opening-up and International Cooperation Center organized several seminars between local enterprises and delegations from overseas cities that have friendly ties with Chengdu. On Thursday, a group from Ljubljana, capital of Slovenia and a twin city of Chengdu, met with local enterprises specializing in ecological and environmental protection.
“We are very grateful to the center for inviting us to the meeting,” said Zeng Xi, director of the investment and development department from Chengdu Environment and Investment Urban Management Service, a wholly-owned subsidiary of Chengdu Environment Group.
“We have found some fields of common interest between our group and Ljubljana, such as renewable resources, ecological conservation and new energy photovoltaics,” Zeng said, adding he hopes to establish an effective communication channel between the two sides for future cooperation.
Dejan Crnek, vice-mayor of Ljubljana, said: “We intend to collaborate with Chengdu in the sector of sustainable transportation. We all know the city has advanced hydrogen-powered vehicle and battery industries, and we hope to introduce those technologies to our city to increase urban operational efficiency. Upon my return, I will recommend Chengdu enterprises to relevant departments, and I believe there will be opportunities for cooperation.”
Representatives from Fergana, Uzbekistan, also visited the center on Thursday and met with local enterprises in the fields of trade, economy, industry, and cultural tourism. Among the participating Chengdu companies was Gioneco, a developer of urban digital platforms, which has launched projects in Uzbekistan.
“We have prepared for our projects in Uzbekistan since 2022, and have branched out into Fergana,” said Liu Yong, director of Gioneco’s marketing development department. “It is expected we will be able to access more international resources in the near future with the support of the center. Meanwhile, we plan to bring our business friends from Uzbekistan to Chengdu, helping local enterprises tap the international market and promoting bilateral trade.”
Expressing his admiration for Chengdu’s business environment, Azimjon Yuldashev, head of the Department of the Chamber of Commerce and Industry of Uzbekistan in Fergana Region, said he hopes to see a cooperation platform established by the center to help more Chinese companies grow in Uzbekistan and to assist Uzbek firms in coming to China.
View original content:https://www.prnewswire.co.uk/news-releases/chengdu-exhibition-paves-way-for-international-business-302129479.html
Latest News
Loyalty Management Market worth $25.4 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, April 26, 2024 /PRNewswire/ — Blockchain technology, sustainability-focused initiatives, subscription-based business models, and digital transformation will all have a significant impact on the Loyalty Management Market in the future. Data analytics will also drive personalised experiences in this market. In order to increase consumer engagement and loyalty, ecosystem collaborations, gamification, and voice-activated loyalty programmes will all be crucial. For firms to adjust to changing market trends and consumer tastes, regulatory compliance and ongoing innovation are crucial.
The Loyalty Management Market is expected to reach USD 25.4 billion by 2029 from USD 11.4 billion in 2024, at a CAGR of 17.3 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Loyalty Management Market”
326 – Tables
47 – Figures
275 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172873907
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2018-2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD) Million/Billion |
|
Segments Covered |
By Offering, Solution, Services, Operator, Vertical and Region |
|
Region covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
|
Companies covered |
The major players in the Loyalty Management Market are Epsilon (US), Oracle (US), Comarch (Poland), ICF Next (US), Bond Brand Loyalty (Canada), Merkle (US), Capillary (Singapore), Jakala (Italy), Kobie (US), Giift Management (Singapore), Maritz Motivation (US), Cheetah Digital (US), Collinson (UK), Loyalty One (Canada), Punchh (US), Ebbo (US), Preferred Patron (US), Loopy Loyalty (China), Paystone (UK), LoyLogic (Switzerland), Ascenda (Singapore), Loyalty Juggernaut (US), Gratifii (Australia), SAP SE (Germany), Annex Cloud (US), Apex Loyalty (US), Sumup (UK), Kangaroo (Canada), Smile.io (Canada), SessionM (US), LoyaltyLion (UK), Yotpo (US), SailPlay (US), and Zinrelo (US). |
Loyalty management has evolved into a crucial component of business strategy worldwide. Businesses across various industries are increasingly adopting sophisticated loyalty management solutions to enhance customer engagement, drive repeat purchases, and foster brand loyalty. With the proliferation of digital channels and the rise of personalized customer experiences, loyalty programs have become more targeted and data-driven, leveraging advanced analytics and artificial intelligence to deliver tailored rewards and incentives.
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The professional services segment contributed the largest market share in the Loyalty Management Market during the forecast period.
Professional service providers manage a part or the entire loyalty management lifecycle for enterprises, thereby comprehending business constraints and providing major insights that help these companies optimally utilize all available resources and make the most of their technological investments. The growth in the professional services segment is governed by the complexity of operations and the deployment of loyalty management solutions. It also provides support services throughout the business tenure and creates a relationship with the organization. These services help the marketing and operations teams enhance customer experience and raise ROIs as they are customized, easily applicable, and assure availability and performance to the maximum extent.
The BFSI vertical segment is estimated to hold the largest market size during the forecast.
The BFSI vertical requires loyalty management solutions to analyze data based on touchpoints, enabling brands to offer a personalized experience. A study by Accenture found that 75% of consumers expect brands to personalize their experiences, highlighting the growing demand for tailored interactions. This is particularly true in the BFSI sector, where customers expect products, services, and communication to be relevant to their individual needs and financial goals. This sector has incorporated data analytics and AI to deliver loyalty programs and increase customer engagement. There has been a continuous technological revolution in the banking sector in the form of Automated Teller Machines (ATMs), core banking, eBanking, and mobile banking, which gave rise to various services, such as Real-Time Gross Settlement (RTGS), Centralized Funds Management System (CFMS), National Electronic Funds Transfer (NEFT), and the use of credit, debit, and smart cards. Hence, banking and financial institutions are expected to invest greater resources in the market to focus on providing better loyalty programs to their customers.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific, home to nearly 40% of the world’s population, is witnessing diverse implementations of loyalty management technologies. The Asia Pacific region is undergoing a notable surge in adopting loyalty management, driven by the flourishing economies of India, China, Japan, Australia, and New Zealand. The rising prevalence of internet access and the escalating per-user engagement online have prompted organizations to bolster their presence in the loyalty management sector by leveraging digital channels, including social media, websites, emails, virtual assistants, and call centers. Loyalty management solutions are adopted by many companies across industry verticals, whose primary focus is on client retention and further building sustainable customer relationships through these programs. Increasing customer retention also boosts profit margins and brings a stable source of income. Deploying a loyalty program entails an investment; however, strategies aimed at customer retention are more cost-effective than efforts directed at acquiring new customers. The surge in social media usage, the proliferation of internet access, and the expansion of the eCommerce sector constitute significant catalysts propelling the adoption of loyalty programs across Southeast Asia. Vietnam and Thailand emerged as the primary drivers within the region, with Malaysia, the Philippines, Singapore, and Indonesia following suit.
Top Key Companies in Loyalty Management Market:
The report profiles key players such as Epsilon (US), Oracle (US), Comarch (Poland), ICF Next (US), Bond Brand Loyalty (Canada), Merkle (US), Capillary (Singapore), Jakala (Italy), Kobie (US), Giift Management (Singapore), Maritz Motivation (US), Cheetah Digital (US), Collinson (UK), Loyalty One (Canada), Punchh (US), Ebbo (US), Preferred Patron (US), Loopy Loyalty (China), Paystone (UK), LoyLogic (Switzerland), Ascenda (Singapore), Loyalty Juggernaut (US), Gratifii (Australia), SAP SE (Germany), Annex Cloud (US), Apex Loyalty (US), Sumup (UK), Kangaroo (Canada), Smile.io (Canada), SessionM (US), LoyaltyLion (UK), Yotpo (US), SailPlay (US), and Zinrelo (US).
Recent Developments:
- In March 2024, Epsilon launched the next generation of its retail media platform. Epsilon Retail Media applied AI and person-first identity in the ad server, unlocking opportunities to drive stronger outcomes with shoppers on retailers’ properties, across the open web or in tandem.
- In May 2023, Bond Brand Loyalty announced a strategic investment in its business from Colorado-based private equity firm, Mountaingate Capital. The announcement followed a substantial period of growth for Bond and reflected the potential for further expansion in both reach and offerings to serve clients better.
- In April 2023, Capillary Technologies acquired Brierley to expand its portfolio.
- In January 2023, Giift acquired a strategic majority interest in InTouch, a loyalty solutions provider based in Indonesia.
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Loyalty Management Market Advantages:
- By rewarding consumers for their recurring business, fostering brand loyalty, and lowering attrition rates, loyalty management solutions assist companies in keeping customers.
- By providing customers with individualised offers, incentives, and prizes based on their preferences and behaviour, loyalty programmes encourage greater customer engagement and increase repeat business and brand advocacy.
- With the help of loyalty management tools, businesses can make well-informed decisions and effectively target their marketing efforts by gaining vital insights about consumer behaviour, preferences, and spending habits.
- By providing individualised prizes, exclusive benefits, and VIP treatment, loyalty programmes raise customer satisfaction and foster enduring connections with clients.
- By encouraging consumers to spend more, upsell and cross-sell goods, and recommend the brand to others, loyalty management solutions generate more sales and income and boost profitability and business expansion.
- By providing distinctive benefits, experiences, and value-added services that customers find appealing, loyalty programmes assist companies in standing out from the competition and enhancing customer loyalty and market placement.
Report Objectives
- To determine and forecast the global Loyalty Management Market by offering, solution, services, operator, vertical, and region from 2024 to 2029, and analyze the various macroeconomic and microeconomic factors affecting market growth.
- To forecast the size of the market segments concerning five central regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Loyalty Management Market.
- Analyze each submarket concerning individual growth trends, prospects, and contributions to the overall Loyalty Management Market.
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Loyalty Management Market.
- To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
- Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.
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