Hey guys, welcome back to the Crypto Clan, today will be talking about an exciting partnership hedera has just entered and how hedera is involved in overcoming humanitarian issues. On the 13th of July, Yamgo, the innovative company behind the highly successful blockchain advertising platform AdsDax, announced the beta launch of a game-changing new rewards platform.
Yamgo, a UK-based technology company, which is built on the Hedera Hashgraph network designs, develops and sells consumer and business services that include rewards, advertising, social networking, finance and AI machine-learning tools. The Yamgo Rewards Platform allows users to earn crypto assets in exchange for their digital actions on the platform.
Built on the Hedera Hashgraph network, Yamgo enables users to earn HBARs, for actions such as creating an account, referring friends, watching videos, completing offers, playing mobile games and more. The new platform will allow users to be rewarded for their time, data and attention in their online actions. In response to the launch of Yamgo, the CEO of the company, Ian Mullins stated; Yamgo offers the first step for many in emerging markets to earn cryptocurrency from their digital actions and bank that in an account they own and control.
Our infrastructure and use of decentralised finance is unique in the industry and when combined with the speed, throughput, and low cost of transactions on the Hedera network we have a winning model to help consumers earn value and access financial services anywhere and at extremely low costs.
It’s fast, simple and easy to open your account and start earning HBARs. The creation of the Yamgo Platform will act as an ecosystem for businesses and consumers. The platform will give consumers the opportunity to be rewarded for their digital actions and engagement.
This activity occurs whilst also providing protection of privacy and data of consumers. The CMO of Hedera, Christian Hasker commented, The Yamgo team continues to be at the cutting edge of consumer-facing applications that leverage distributed ledger technology.
Already conducting millions of transactions weekly on the Hedera network with their AdsDax digital advertising platform, we’re excited to see how they further engage consumers and brands with the new Yamgo Rewards Platform. Yamgos affiliate platform, AdsDax, aims to reinvent the advertising industry with an open advertising ecosystem, which connects advertisers directly to consumers and their devices.
AdsDax aims to leverage Hederas network to provide the ability for a fair, and secure public distributed ledger of immutable data and transactions, ensuring that all data is recorded correctly and securely at every stage of the advertising process.
Hedera’s ability to achieve high-throughput, low-latency consensus on transactions with verified time-stamping, will enable AdsDax to effectively detect and prevent fraud within the advertising industry. On an average day, AdsDax processes ~2,291,140 events and ~230,730 transactions on the Hedera mainnet. The earning potential provided through the use of Yamgo will in turn lead to an increased demand for HBAR tokens.
Increases in HBAR token demand will in turn lead to upward pressure on HBAR token prices, this will lead to subsequent increases in returns for HBAR token holders. The social enterprise company, Hala Systems, primarily focuses on protecting civilians from misinformation in wartorn countries and providing early warning in areas of conflict and natural disasters, most notably to 2.1 million people in Syria.
Has partnered with hedera hashgraph. Hala Systems Sentry technology provides warning systems to Syrian civilians, whereby both human observers and remote sensors collect data on potential airstrikes. Hala Systems Sentry technology functions through Observers near government air bases spot warplanes taking off, they enter the type of aircraft, heading, and coordinates into an Android app, which sends the information to Halas servers. Sensor modules placed in trees or atop buildings collect acoustic data, which helps Sentry confirm the type of plane, its location, and flight path.
Software crunches all the data and compares it to past attacks, predicting the likelihood of an air raid, as well as when and where it might occur. If the potential for an airstrike is high enough, the system generates an alert that’s broadcast via social media. Hala has also set up air raid sirens that Sentry can activate remotely.
The warning system now gives people an average of eight minutes to seek shelter. Using a neural network, an automated system continuously scans Facebook, Twitter, and Telegram for posts that might indicate airstrikes. Hala Systems leverages the hedera consensus service to manage the metadata of digital media by Sentry. The Hala System allows the provision of real evidence and verification for exactly where the event occurred.
Each event logged to the Hedera network is signed by the issuing camera’s keys and receives a consensus timestamp by the whole Hedera network. This ensures that the data can be better trusted by supporting third parties and, if needed, the broader public due to its tamper-proof nature. In response to this partnership, the CEO of Hedera Hashgraph Mance Harmon stated, “Hala Systems is on a noble mission to protect civilians worldwide.
Together with the company’s other partners, including the United Nations, U.K. Foreign Commonwealth and Development Office, the U.S. State Department, and other foreign ministries, we look forward to being part of this conflict management solution. We are humbled that Hala Systems is leveraging the HCS to provide an additional layer of trust and transparency for conflict management and prevention.” What are your thoughts on hederas partnerships? Which partnership excites you the most? Let us know your views in the comments below.
Read More: ETHEREUM FREE COINS EVERY FIVE MINUTES