BlockMason Announces Second Application Ahead of Token Sale

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Blockchain application developers BlockMason, who are launching a highly anticipated token sale, have just announced their second application built using their innovative Credit Protocol.

Called GiftChain, their new application will allow retailers and vendors of any size to easily issue gift cards and implement customer loyalty rewards programs secured by the Blockchain.

GiftChain will be accessible from any smartphone, making it possible for small businesses to easily track purchases and distribute rewards as would any large company.

The application will support all major fiat currencies, multiple cryptocurrencies, and even arbitrary currencies designed by the issuer (e.g. a single meal at a restaurant or a voucher for a one hour massage).

This offering comes in addition to BlockMason’s first fully-functional application built atop the Credit Protocol, Friend in Debt—or, as they refer to it, “like Venmo on the Blockchain, but better!”

BlockMason has already distinguished itself from many other Blockchain startups by offering a working product prior to their Token Sale.

While GiftChain may not be free for public testing until after the commencement of their token offering, the announcement, says the team,  further demonstrates BlockMason’s commitment to product development and customer support.

Additionally, the release of GiftChain proves the flexibility and viability of their Credit Protocol, which has been generating buzz for being the first securities-law compliant Token Sale open to the general American public after the SEC’s report on the Dao.

The Credit Protocol is a simple system for recording debts and credits on the Blockchain, which can be customized for a variety of organizational, business, or individual purposes through smart contracts programmed atop the protocol. In their Whitepaper, BlockMason has announced their intent to launch a bounty program for the development of template Credit Protocol smart contracts.

Suggested contracts include campus meal voucher systems, consumer loans, and microfinancing.

While Giftchain is still in development, BlockMason has reportedly discussed testing an upcoming beta version with several retailers. According to BlockMason co-founder Jared Bowie, a finished GiftChain smart contract will likely be available in the next month, with a functional front-end available for public use after the Token Sale.

For more information on the token sale, visit https://blockmason.io/projects/ico/. To read the Credit Protocol whitepaper, visit http://blockmason.io/cp-whitepaper/.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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