[News] Delio and FLETA Join Hands in Blockchain Technology — Stable Coin Solutions
[Edaily Lee Jeong-Hoon Reporter 17.09.2018] Delio, a project led by Croschain Technology, announced on the 17th of September, that it has signed an agreement on technological work concerning token economy realization and stable coin development with FLETA. Delio’s and FLETA’s technology collaboration is expected to solve both shortcomings of current stable coins: the data processing speed and the reliability problem of centralization.
Delio improves the problems existing stable coins have by guaranteeing price stability while making value appreciation possible with the Stable Stake Coin (SSC) method, which specializes in commercial transactions. SSC is paid as the reward for the home-data generated in households and can be used for online and offline transactions. Delio’s own closed shopping mall and PG allow you to pay for all your commerce with Delio tokens, eliminating unnecessary transaction fees.
Delio has made a technology agreement with FLETA, which is a platform development company with technology such as POF (Proof-of-Formulation) development, parallel sharding, and TPS enhancement. In the fourth quarter of this year, employees are planning to migrate to Malta where the mainnet was opened and the corporation was established.
“Through the close collaboration with FLETA Delio tokens can be spread rapidly and the technological skills needed are guaranteed. With this base Delio has a strong foundation to build the Delio token economy in Korea. Delio’s goal to achieve not only the economic profits but also contribution to society in its blockchain business is now technologically possible”, James Jung, the CEO of Delio, wrapped up.
[This article was originally published in Edaily
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