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HomeNewsAfrica-based Startup Treon Determined to Bring the True Value of Blockchain in...

Africa-based Startup Treon Determined to Bring the True Value of Blockchain in the Developing World

Treon (TXO), provider of a “Utilities Token” that securely and seamlessly enables consumers around the world, including the unbanked, to easily manage and pay for their telecom, energy, and water usage, recently delivered a keynote presentation at Bloconomic: Blockchain Economic Summit in Kuala Lumpur, before an audience of technical and financial leaders and related press.
The keynote was presented by Khaled Khorshid, Co-Founder | Technology and Hesham El Metainy Co-Founder | Strategy & Commercial for Treon and described their goal of realizing the true value of blockchain technology where it is most needed – in emerging economies throughout the world and in making utilities payments easy and secure even for the world’s 1.7 billion unbanked mobile users.
“Investors and blockchain experts are looking for evidence of where blockchain will change the world, but they often skip over the people that need this groundbreaking, decentralized, security of transactions the most,” Khorshid said. “In societies where high-speed internet access is already the standard, currencies are stable, and secure transactions are readily made online, blockchain can bring improvements, but it is not truly revolutionary to what is available to users. In emerging economies, blockchain startups like Treon truly can change and improve lives.”
“The Unbanked population of global Utilities customers has gone largely unrecognized up till now. They have been left to wait in line at local utilities offices to make payments in hard currency. Conditions are often uncomfortable or unsafe and the process can easily consume 20 hours of a customer’s month, just paying for the basics,” El Metainy said. “Treon has a solution, letting these and all utilities customers make payments with Treon Tokens, securely from their own home in a matter of minutes. What seems commonplace in some countries will be a life-changing shift in paradigm throughout parts of Africa and Asia and throughout the world.”
Treon will enable consumers to settle their utility bills through one consolidated dashboard using Treon’s TXO tokens. The opportunity to partner with Javvy and leverage their wallet capabilities along with Treon’s dashboard would be a great value-add for Treon customers.
For the world’s utilities customers, Treon will eradicate the need to make costly trips to utility companies, waste time waiting in long lines, and run the risks associated with unstable local currency. The Treon Token is a definite solution for the unbanked that constitutes a considerable percentage of 76% of the total number of mobile users globally. From now on, they will join the rest of society and have access to the same digital system to pay their utility bills.
For utilities companies, Treon will make it easier to make payments and share resources, ultimately reducing costs for the companies and for users.
Treon has compliance built into its blockchain smart transactional system and its policies are compliant with Sharia Law.
The Treon ICO has garnered attention throughout the crypto and traditional financial worlds. Both private and institutional investors have expressed their growing interest in this much needed secure and easy method of utility management and payment.
For more information, please visit: https://www.treon.io/
Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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