Blockchain company X-Widget introduced its anti-ticket laundering solution through its digital asset "AXL token" and digital asset wallet "Master Walllet", which are mounted on Samsung's Blockchain Keystore, on Oct. 18 to establish the correct ecosystem in the domestic and foreign performance contents markets.
The Anti-Ticket Laundering(ATL) solution developed by X-Widget is a technology called "Hidden Barcode" which is linked with AXL,(AXIAL ENTERTAINMENT Digital Asset) providing QR code tickets that are disabled at the time of the purchase, and gets activated only through purchaser's DID authentication 30 minutes to 1 hour before the performance begins.
This is expected to prevent ticket touts and greatly reduce the damage caused by the touts.
"We are planning to introduce a high-quality and convenient blockchain platform based on indigenous blockchain technology through a business agreement with REDISION, a license partner of TELKOM/TELKOMSEL, Indonesia's largest telecommunication company." said CEO Kim Sung-Woon.
"We will contribute to the expansion of the blockchain market, which is a key player in the growing fourth industry, through meaningful results of entering the global market of blockchain technology in Korea, and use it as an opportunity to greatly expand the business scope of X-WIDGET to the global market." he added.
"We signed a strategic business agreement with REDISION (Representative Agus Tri Ismanto), a license partner of Telkomsel, Indonesia's state-run mobile agency" and "signed an exclusive development contract for blockchainifying of REDISION's payment system" said Kim Sung-Woon, CEO of X-WIDGET.
Through this business agreement and exclusive contract, 'X-WIDGET' will proceed with the development of blockchain of 'SUWUN', which is the payment platform of 'REDISION'.
In addition, ATL (Anti-Ticket Laundering), which is an anti-ticket laundering solution of 'X-WIDGET' with blockchain technology, will be introduced in conjunction with development of TELKOMSEL Digital Content Replication Prevention Service.
Master Wallet, which implied a technology that stores "private keys" in the sandbox zone of portable devices, is expected to emerge as a new business platform that will pave the way for the cryptocurrency asset industry.
"The entry of Master Wallet platform can be an alternative to management of existing cryptocurrency asset companies that are not making enough progress in terms of investment," said Kim Sung-woon, CEO of XWidget, an affiliate of FMC Group (CEO Jang Hyuk-soo), on the 1st. "Since the company introduced the service through Android Market on the 21st, 15 companies and three foreign companies have already decided to participate in the platform."
ABA Blockchain Technology Research Facility Signs MOU The National Safety Agency signs a business partnership contract with the clean-ticket platform AXL project (ABA Blockchain Technology Research Facility)
ABA Blockchain Technology Research Facility has signed an MOU with the National Safety Agency, an affiliate of the Ministry of Public Information and Security, which is currently working to establish a pan-national societal safety culture as well as citizen-focused safety education. This MOU is for a business partnership aimed at forming a strategical relationship for the purpose of developing and supporting cultural content and the safety necessary for citizens’ safety and cultural construction.
Under the goal of implementing societal safety practices, the National Safety Agency is running safety/culture education (performances, plays, musicals, etc.) as well as cracking down on illegal hidden cameras, providing safety education, and offering consulting on disasters and safety. The National Safety Agency is a privately led corporation aggregate that protects the fundamental rights and safety of its country’s citizens.
With this MOU, the National Safety Agency is cooperating with the AXL team to work together on practice tools and facilities required for overall educational support businesses as well as for education and research, which is in turn required for safety/culture platform services based in blockchains, the technology that is in demand during this 4th Industrial Revolution. The two sides have also agreed to actively cooperate for the formation of a cross-national infrastructure as well as technological support in which a clean entertainment echo system is constructed. Dr. Yoon-jae Park, currently serving as General Director of the National Safety Agency while also working as a compliance center committee member under the Ministry of Justice and as head of the Knowledge Industry Information Institute, has also joined this project as the AXL team’s advisor. CTO Sang-hoon Kwon of the AXL team has been appointed as director of the IT department at the National Safety Agency, adding more fuel to the mutual business exchange. Using blockchains, the core technology of the 4th Industrial Revolution, to enable transparent competition pertaining to content in high demand and restore the consumer rights that have been damaged as a result of performance/culture industry problems (illegal ticketing, ticket dumping, ambiguity surrounding copyright fees, unreasonable commissions, etc.) via present continuous societal issues, ABA Blockchain Research Facility has developed a cryptocurrency called AXL (AXIAL ENTERTAINMENT COIN) to construct a transparent and healthy ecosystem for performances, copyright profit distribution, culture and art, the sports ticket and content consumption market, and all entertainment content consumption markets. With this development as well as transparent transaction support, ABA is working toward the formation of a clean ticket culture in which everyone can co-exist in a healthy environment. Thank you.
Daehang-no Power Plant has signed a business agreement with ABA Blockchain Technology Research Facility, which is undertaking on its own the development of the clean-ticket AXL project’s blockchain core, for the purpose of cultivating consumers’ cultural value and enhancing culture overall.
With cooperation in this business partnership, the ABA Blockchain Technology Research Facility aims to improve the damage that occurs as a result of the present entertainment market’s unreasonable commission system and illegal ticketing via the core technology of the 4th industrial revolution: the Blockchain. To do this, the cryptocurrency AXL project is currently underway. Together with several partners and 2 agencies that were being run previously, several concerts are currently being prepared within and outside of South Korea.
Daehang-no Power Plant has planned many different performances, including the Daehang-no play that has eked out its spot as a steady seller due to the consistent love it has received from fans, ’Thirty over Five-Hundred’. This comes alongside family musical ‘Adult Younger Sibling’, the musical ‘Merigold’, the play ‘Wild Family’, and the play ‘A Sibling’s Night’. With their participation in this business partnership, Daehang-no Power Plant and ABA Blockchain Technology Research Facility have set their collective goal on cultivating consumers’ cultural value. With regard to this, the present viewing culture involves a public office/business purchasing tickets and then providing them to staff within their company as benefits. We’re looking forward to this business partnership increasing the right to make choices on and helping to create respect toward individuals’ cultural consumption, in turn becoming a mutually meaningful opportunity in which various different cultural activities can arise. :) Newspaper Excerpt
AXL is a clean-ticket blockchain project reverse ICO run with its basis in the production agency AWAKE Entertainment and the entertainment management company ABA Entertainment. The two aforementioned companies are the basis of this project, and business has been underway for the past 4 years for the development of the performance planning and cultural industry. Blockchain technology is being introduced to block unlawful transactions as well as to block the sources of illegal ticketing with each agency, as these problems have continuously led to societal issues. With this introduction, AXL is in the process of being introduced via the previously ‘noisy’ entertainment industry ecosystem. This introduction is being done through transparent profit distribution for performance planning, copyright profit distribution, and general differentiated service support.
Production of an anniversary album for this is underway as of Wednesday of this week, October 24th, in the ABA Entertainment recording studio.
The AXL Team Slogan –
"Consumer's rights infringed by ticket scalping meet the modt transprent technology, the blockchain."
Please remember this slogan and look forward to future moves as well. We, the AXL team, promise to give our best in all given situations. Thank you!
-Korea M＆A Center –Performances, culture, and sports ‘clean ticket’ blockchain platform
Reverse ICO AXL $13 million contract signed with ESCLOCK
- Linkage with banks in 16 countries, linkage with TNG group and AXL-PAY (Scheduled)
-Exchange is set to be listed in November on 2018
(Majority of overseas exchange listing contracts have been completed)
-Schedule for November and December of 2018 (Fixed)
Thailand hip-hop festival [Production]
▶ Thailand fan meet-up with Girls’ Generation’s Seohyeon [Production]
▶ M-1 Global Championship [Overseeing] (Satellite transmissions to 33 countries)