KryptoGO Studio Addresses the Three Major Challenges of Web2 Businesses Upgrading to Web3
TAIPEI, Sept. 1, 2023 /PRNewswire/ — Today, KryptoGO announces the launch of its new AI-powered cloud solution for diverse Web3 enterprise scenarios – KryptoGO Studio (hereinafter referred to as KG Studio). The solution offers a one-stop, secure, and compliant peer-to-peer marketplace application. It addresses the three key challenges faced by global Web2 businesses entering the Web3 domain: identity interoperability, technical security, and user experience, by providing intelligent solutions.
KryptoGO is one of the few industry players that drive innovation with a core focus on regulatory technology. Having gained support from the National Development Fund and launched a cross-chain wallet last year, the company is now upgrading its brand services to accelerate enterprise enablement. With KG Studio, KryptoGO aims to provide the customer journey and user experience required for entry into the Web3 market. The enterprise-level application offers rapid, secure multi-chain wallets, compliance technology, encrypted financial management, innovative NFT marketing tools, user management, and intelligent analytics. All these features aim to empower businesses to succeed in the era of Web3+AI.
Founder and CEO Kordan Ou stated: “Utilizing AI can accelerate the resolution of the pain points Web2 businesses encounter when entering the Web3 realm, serving as a powerful tool. KG Studio is not just a technical solution but also a strategic partner. It helps businesses take the lead in entering the Web3 era, reducing costs and accelerating market entry. The platform offers a user-centric design, robust security and privacy measures, and flexible cryptocurrency fund management, ensuring businesses maintain a competitive edge in the rapidly evolving Web3 world.”
AI-Enabled Solutions for Overcoming the Challenges of Transitioning from Web2 to Web3
During the launch event, KryptoGO identified three significant challenges that have deterred Web2 businesses from entering the Web3 domain: First, the issue of identity and data interoperability between Web3 on-chain and Web2 off-chain, a problem KryptoGO has been addressing through its KYC/AML compliant technology. Second, the high technical barriers around cryptocurrency management for Web2 businesses interested in transitioning to Web3. Third, the necessity for a better user experience in Web3 compared to Web2, which sets higher challenges for brand owners facing user retention and acquisition. These challenges have held back some Web2 businesses from entering the Web3 metaverse.
Kordan Ou believes that AI and the applications based on large language models (AIGC) are accelerating the digital transformation of all enterprises. The fusion of AI and blockchain grants new generational capabilities to various applications, leveraging unprecedented productivity growth brought by AI while combining the security and transparency provided by blockchain. This synthesis can offer stronger efficiency, trust, and management across different industries, from traditional financial investment and cross-border payment CeFi and DeFi applications to various GameFi scenarios based on game ecosystems, IP, P2E, social, NFT, etc.
According to data from Emergen Research, the global Web 3.0 market reached $3.2 billion in 2021 and is expected to grow rapidly, possibly reaching $81.5 billion by 2030. The rapid growth is mainly due to advancements in AI and blockchain technologies, increased usage of cryptocurrencies, and a demand for more secure transaction methods across various industries. By 2030, the market combining blockchain and AI could reach $9.807 billion. Companies pioneering new business models using these two technologies have the opportunity for rapid growth.
Primarily in technological transformation, AI accelerates learning and adaptation to new blockchain technologies, aiding developers in quickly mastering the required knowledge. In the security domain, AI can identify abnormal transaction patterns and potential security risks, enhancing the security of blockchain systems. In compliance, AI can automatically verify identities and data, reducing human errors and non-compliance, particularly important under blockchain industry regulations. Additionally, AI can analyze large volumes of data, provide insights, and assist operators in adjusting business models to align better with market demands.
KG Studio’s Five Key Features Addressing Three Major Challenges in Enterprise Transformation and Upgradation
KryptoGO is taking the lead in launching this one-stop service against such trends. KG Studio has formulated five major modules for front-end, middle-end, and back-end enterprise scenarios. The application of AI runs through each service, resolving the longstanding three major challenges and pain points. These modules and features include:
- User 360: Focused on user understanding and analysis, offering customizable analytics charts for enterprises to conduct deep data analysis and insights. Advanced analytics features help enterprises better comprehend user behavior and market trends, enabling precise market and user demand positioning.
- AssetPro: Tackling the complexity of asset management and operations, AssetPro simplifies on-chain fee (e.g., Gas Fee) management and provides financial scheduling for NFT and token airdrops. This enables businesses to operate assets in the Web3 world more flexibly and conveniently.
- Compliance: Resolves concerns around compliance and security by integrating KYC verification and providing identity and personal data management, especially for KYC requirements in On-ramp and Off-ramp financial flows. This ensures transactional compliance and security.
- NFT Boost: By offering NFT collection management and multi-chain support, businesses can easily create, manage, and sell their own NFT projects, breaking down barriers in establishing and promoting the NFT market.
- Wallet: Addresses the complexity and inconvenience of multi-chain wallets by offering a one-stop multi-chain wallet solution. Features include community marketplaces for NFT trading, enriched user experiences through social chat interaction, and enterprise-level wallet management mechanisms.
Bundled Solutions for GameFi and DeFi
KryptoGO introduces bundled solutions for both GameFi and DeFi industries. The KG Studio Lite offers a lightweight, modular design for rapid deployment, aiding businesses in quickly setting up branded wallets, NFT activities, customer management, and providing visual data reporting. KG Studio Pro offers a comprehensive one-stop solution from customer journey to internal operations, including custom solutions based on diverse client needs.
Brand Upgrade and Comprehensive Empowerment
KryptoGO’s Founder and CEO stated: “KryptoGO has gained deep insights into the challenges faced in entering the Web3 space from long-term mutual growth with Taiwan and global users. Supported by national development and venture funds, we actively collaborate with industry partners, associations, governments, and regulatory bodies to drive innovation in compliance technology and AI research. Through KG Studio, we have achieved on-chain and off-chain integration, aligning with our vision for a decentralized omnichannel. In 2023, our collaboration with YGG Japan led to the launch of a GameFi asset management system, not only enhancing user control and asset security but also facilitating the rapid entry of new users into Web3.”
After its brand upgrade, KryptoGO focuses on three core businesses: First, continuing to offer KYC/AML compliant tech services for the financial and banking sectors to improve efficiency and ensure compliance; second, providing a one-stop solution for businesses transitioning from Web2 to Web3, helping them overcome market entry and technical barriers while offering the best Web3 experience to their brand users; and lastly, offering wallet services to end Web3 users to solve issues related to security and interconnectivity. KryptoGO has also comprehensively integrated AI technology into its workflow and products to efficiently assist clients in resolving issues encountered during their growth stages.
KryptoGO is a leading brand advocating for the construction of a secure, transparent, and trustworthy Web3 world. Founded in 2019, KryptoGO utilizes blockchain technology, artificial intelligence, and regulatory technology to create a secure, reliable, and fully transparent decentralized virtual asset management platform for Web3 individuals and businesses. It serves as a robust bridge connecting on-chain assets with offline applications. The core engineering team has an average of over 10 years of development experience and hails from globally renowned internet companies and champions of Olympiad-level programming contests. They bring rich experience in open-source project development (with Github projects totaling over 25,000 stars), over 6 years of blockchain development experience, and hold more than 10 patents in artificial intelligence and blockchain. KryptoGO has not only achieved ISO 27001 and 27701 international certifications but also has attracted significant investment from capital sources like the National Development Fund, pushing its valuation over a hundred million. Current clients include banks, venture capital firms, and numerous virtual asset service providers. Its strategic partners are located both domestically and internationally, including the largest Web3 gaming guild YGG’s Japanese gaming guild, YGGJ.
Official Website: https://kryptogo.com
67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
New research from Vita Mojo and KAM reveals the shortcomings of modern restaurant tech, with over half of operators reporting inefficiencies are stopping them achieving business goals.
LONDON, Sept. 22, 2023 /PRNewswire/ — Vita Mojo, the hospitality tech specialist, has launched a new research report into the impact of technology on the hospitality industry, shining a light on how operators feel about their current tech stack.
Commissioned by Vita Mojo and conducted by specialist hospitality market research agency KAM, the survey asked 81 executives from the leading quick-service restaurant (QSR) and coffee chain brands about their experiences with restaurant technology.
The resulting report – Hospitality Tech 2024: Bridging the efficiency and profitability gap – indicates that certain technologies are holding the industry back.
The survey results show that the hospitality sector is facing a number of challenges:
- A disconnect between efficiency and growth
56% of operators say that not having enough time is a significant barrier to achieving their business goals, but only 28% report fixing inefficiencies is a focus area for the business.
- Frustrations with the complexity of technology
44% of operators don’t think they have the in-house skills to make the most out of their tech solutions, and 31% believe that too much training is needed to use digital solutions properly.
- Missing out on data-driven decision-making
Two in three businesses are frustrated that they are not making the most of the data they collect through their tech solutions. Nearly 40% find it hard to use data because it’s split across siloed platforms.
- Technical support is failing to deliver
Just one in four are very satisfied with the support or advice they receive from their providers.
“When tech works well, your restaurant works well,” says Vita Mojo’s co-founder and CEO, Nick Popovici. “But when it goes wrong – which is often – running a restaurant becomes an uphill struggle. By combining multiple point solutions from a range of different suppliers, the modern Point of Sale (POS) restaurant tech stack used by so many restaurants and chains has become a serious barrier to growth and success.”
“The results of this survey prove that the POS-centric model isn’t working for restaurants. From wasting time updating menus across multiple systems to spending countless hours updating pricing and site information, there are just too many ways in which restaurant tech isn’t making the grade.”
Along with insights from the survey results, Vita Mojo’s report includes real-life examples of exactly how restaurant brands are managing to overcome these tech challenges and fix inefficiencies, which has allowed them to operate and grow with new confidence.
About Vita Mojo
Vita Mojo transforms chaos into confidence for hospitality operators worldwide. Founded in 2016, Vita Mojo started life as the UK’s first cashless, digital-only restaurant, but it soon became clear the entire hospitality industry could benefit from its end-to-end, flexible Order Management System.
Today, Vita Mojo empowers over 130 brands across five countries (including LEON, YO!, tossed and GAIL’s Bakery) to streamline order management, improve guest relationships, seamlessly expand across channels, and grow their business.
For more information visit www.vitamojo.com
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Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
President Nana Akufo-Addo unveils country’s roadmap for green growth and decarbonizing key economic sectors developed by Government of Ghana and SEforALL
NEW YORK, Sept. 22, 2023 /PRNewswire/ — His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York.
The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem. It details a credible pathway for how Ghana can achieve net-zero energy-related carbon emissions by 2060 through the deployment of low-carbon solutions across key sectors of its economy, including oil and gas, industry, transport, cooking, and power.
Ghana’s government intends to use the plan as its main tool to engage the international community and investors for support with its energy transition. All measures suggested in the plan represent a USD 550 billion opportunity for the international community to invest in sustainable development in Ghana. If the plan is achieved in full, it would generate 400,000 net jobs within Ghana’s economy.
The country’s existing Energy Transition Framework previously set a target of net zero by 2070, but this new plan shows Ghana has increased its ambition and is targeting net zero by 2060.
Various sectoral changes and technologies are proposed in the plan. Four main decarbonization technologies – renewables, low-carbon hydrogen, battery electric vehicles and clean cookstoves – would cover over 90 percent of the targeted abatement by 2060.
Without pursuing the plan, under a business-as-usual scenario, Ghana’s emissions are expected to rise from 28 Mt CO2e in 2021 to over 140 Mt in 2050, with the bulk of emissions growth coming from transport, driven by population growth, GDP per capita growth, and vehicle ownership.
By implementing this plan, Ghana and its partners can instead bring the country’s energy-sector-related carbon emissions to net zero, while demonstrating that action against climate change does not need to come at the expense of economic development.
The Energy Transition and Investment Plan was developed by the Government of Ghana with technical support from Sustainable Energy for All (SEforALL).
“This pioneering Energy Transition and Investment Plan maps out Ghana’s journey to achieve net-zero emissions by 2060 based on the latest data and evidence, ensuring that as our economy thrives, it does so in harmony with the environment. This plan is a testament to our dedication to fostering green industries, nurturing the evolution of cutting-edge low-carbon technologies, and propelling our nation towards a sustainable industrial revolution while giving equal growth opportunities to men and women.”
-His Excellency Nana Akufo-Addo, President of the Republic of Ghana
“Ghana’s commitment to a just and equitable energy transition has translated to an ambitious plan that builds a case for low-carbon and energy-efficient solutions across Ghana’s entire energy system. These solutions present a tremendous opportunity for partners and investors from around the world to contribute to climate action and sustainable development in Ghana.”
–Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy
View original content:https://www.prnewswire.co.uk/news-releases/ghana-launches-usd-550-billion-energy-transition-and-investment-plan-for-achieving-net-zero-emissions-creating-400-000-jobs-by-2060–301936200.html
World Investment Forum to incentivize global investment in sustainable development
ABU DHABI, UAE, Sept. 22, 2023 /PRNewswire/ — Recognizing sustainability as the defining challenge of our time, the upcoming UNCTAD World Investment Forum (WIF), to be held from 16 to 20 October 2023 in the UAE’s capital Abu Dhabi, will serve as the perfect opportunity to facilitate the transition to a more sustainable economy, particularly for developing countries.
The 8th edition of the Forum, to be anchored on the overall theme of “Investing in Sustainable Development,” will bring together heads of state and ministers, CEOs of largest global companies, and other investment stakeholders from various countries to formulate policies and strategies that will address key and emerging investment-development challenges through a series of local and international forums and conferences.
Over 7,000 investment stakeholders from 160 countries will be participating in the 8th edition of WIF at the Abu Dhabi National Exhibition Centre (ADNEC).
The UAE hosting WIF this year coincides with the country’s declaration of the year 2023 as the “Year of Sustainability,” which will encourage nationwide commitment to sustainable practices and innovative solutions to help address environmental issues on a global scale.
His Excellency Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, reaffirmed the country’s dedication to sustainability, saying that “the UAE is committed to playing a leading role in the global transition to a more sustainable future. We believe that WIF 2023 will provide a unique platform for international leaders to come together to mobilize the necessary investments to make this transition a reality.”
His Excellency Rashed Abdulkarim Al Blooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED) said: “Hosting WIF 2023 reflects Abu Dhabi’s approach and commitment to sustainable socio-economic development, which is based on strong beliefs and a long history of the wise use of resources. We will be working closely with all partners to ensure that the Forum’s conversations generate innovative ideas and solutions to create a more sustainable future for all.”
Some of the sustainability sessions include “Delivering Public Sector Investment for Sustainable Development” in partnership with ACCA; “Alignment of Investment in Sustainable Infrastructure with the Paris Agreement” with Middlesex University Dubai; and “Accelerating Green Investments in Tourism for Sustainable Development” with the United Nations World Tourism Organization (UNWTO).
- 67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
- Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
- World Investment Forum to incentivize global investment in sustainable development
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