KoineArth launches marketsN, one of the world’s first professional NFT platforms
SINGAPORE, May 12, 2021 / PRNewswire / – TZ APAC, a Asia– a leading blockchain public consulting firm supporting the Tezos ecosystem, has been appointed to advise KoineArth, the Singapore– startup based behind one of the world’s first enterprise-level NFT platforms, marketsN, on its public blockchain strategy and its implementation.
TZ APAC will support KoineArth through strategic advice, project management, development resources as well as marketing and public relations support, during market launch. MarketsN is powered by the Tezos blockchain, with Tezos India supporting its technical implementation.
“We are proud to work with KoineArth on marketsN, one of the world’s first professional NFT platforms operating in an environmentally friendly manner. As it is built on Tezos, one of the first proof-of-stake blockchains, it operates at energy efficient levels and provides a clean NFT solution, strongly aligning with global sustainability efforts for all businesses. ” , said Scott littlewood, Head of Business Development and Operations at TZ APAC.
“Tezos India is proud to have provided technical assistance to KoineArth in building their project on the Tezos blockchain. KoineArth will be a great example for other companies and India and outside the region on how businesses can use a decentralized, public blockchain, such as Tezos, to empower their businesses without compromising environmental and sustainability policies, which appears to be the case with many proof-of-concept blockchains. job. We look forward to helping more businesses take advantage of the value proposition Tezos has to offer.,Said Om Malviya, President of Tezos India.
KoineArth’s MarketsN platform is designed to enable businesses to digitize and attach immutable metadata to key documents and products in the form of NFTs (non-fungible tokens). Enterprise-grade NFTs are used to ensure proof of ownership, transparency and a full record of any transaction history, to provide greater traceability, visibility and authentication, ultimately facilitating more transparent and trustless exchanges. between the parties.
Companies can also issue publicly verifiable ‘product passports’, which act as a digital record of any product, from cradle to grave, including information such as invoices, current ownership, warranty claims and records. on duty.
marketsNEnterprise-level NFTs can also be used to establish greater compliance with environmental, social and governance (ESG) standards, enabling greater accountability and traceability throughout the supply chain, from inventory management. and invoicing. In addition, the energy efficiency and reduced carbon footprint of the Tezos blockchain ensures that businesses can use the marketN platform, without compromising sustainability goals.
“NFTs are synonymous with the digital art space,” said Dr. Praphul Chandra, founder, KoineArth. “KoineArth has taken the innovation of NFTs a step further in sustainable finance, incorporating it into the marketN platform, serving business supply chains. using more energy efficient blockchains such as Tezos, which uses a proof of stake model. “
About TZ APAC
TZ APAC Pte. Ltd. (“TZ APAC”) is a leader Asiapublic blockchain consulting based on the Tezos ecosystem. TZ APAC designs value-added blockchain transformation strategies for businesses and creators with a bottom-up approach, working closely with blockchain experts and other stakeholders in the Tezos ecosystem. TZ APAC is supported by the Tezos Foundation and its headquarters are at Singapore.
Founded in 2018 by Dr. Praphul Chandra, KoineArth aims to bring the power of blockchain to businesses. With its marketN solution, KoineArth offers companies a ready-to-use Digital Supply Chain platform. With just a few clicks, businesses can create a digital twin in their supply chain. This allows companies to create private and secure B2B groups (blockchains) on demand to coordinate B2B transactions in their supply chain, share data between companies, and secure financial capital where appropriate. Companies can also issue NFTs linked to their products, documents and other assets. To learn more, visit https://marketsn.com/
About Tezos India
Tezos India is an organization focused on developer adoption, training and support for the world’s fastest growing and dynamic blockchain ecosystem to integrate Tezos. Tezos India also helps individuals, startups and organizations grow on Tezos by providing technical support and connecting with the right partners in the global Tezos ecosystem. To learn more, visit https://tezosindia.org.in.
Tezos is an open source decentralized platform, blockchain, and ecosystem for assets, applications, and services. This platform is supported by a global community of participants such as validators, researchers, developers and builders – all committed to engaging and growing the ecosystem. Self-scaling blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruption today. To learn more, visit Tezos.com
SOURCE TZ APAC