The solution of RING Platform.

Today I would like to talk about the solution of RING Platform. So, RING Platform aims to create a blockchain-based mileage integrated eco-system by integrating various mileage service into block-chain technology and establishing an innovative platform for customers to purchase and consume high qualified contents with integrated mileage based on cooperation with various mileage service providers.

※ Meeting the High Demand for Security in Financial Companies

 

Many of the mileage providers are financial firms, which are managed and maintained through a server-based management system, investing huge amounts of money every year in computer management and prevention of hacking. By utilizing a distributed head of blockchain technology, not only can it solve hacking risks due to central server management, but it can also minimize costs. RING Platform is designed to prevent possible errors or hacking of existing centralization systems by applying blockchain technology to the same level as financial institutions based on the financial security network specifications.

※ Standard Technology for Interworking the Mileage System

Each company's mileage system is expected to be developed on the basis of different technologies and structures, and it will cost huge costs to link all of these systems together in a direct manner. Because an integrated mileage system with a direct connection has a multi-connect architecture of 1:N, there is no case of implementing it in the market to date. RING Platform intends to present as a standard technology for inter-firm mileage system linkage by implementing a technology that enables each company to integrate the miles it has without having to link customer information through a block-chain based mileage integration platform.

※ Secure and transparent transactions with smart contract

 

By creating transactions through Smart Contracts, no one can modify the information in the ledger, which increases the safety of the information and enables any qualified institution to verify the information, enabling transparent transactions.  RING Platform aims to create a virtuous business ecosystem that benefits both mileage providers and content providers by providing block-chain based 'mileage integration platforms' and content providers by providing 'market places with sufficient purchasing power'.  To successfully operate the RING Platform ecosystem, the company plans to continuously identify customer needs by applying FinTech and big data processing technologies in addition to the mileage integrated architecture and blockchain technology, and to meet customer needs through partnership and cooperation with various content providers.

 

Customers will convert the mileage of companies that have partnered with RING Platform into RING mileage, which allows customers to use various content and affiliate services of RING Platform with the converted RING mileage. Inside the RING Platform, RING Miles should be used, and customers who do not have miles can use RING tokens or designated cryptocurrency by switching to RING Miles on an internal separate exchange. The RING token is a utility token to activate the RING platform, whose customer ratings will be determined within the RING Platform according to the quantity held and various discounts and content utilization benefits. RING Miles can also be air-dropped to RING token holders and RING Miles can be purchased by converting other coins into RING to RING token. The RING token holder can participate in various event programs of the RING Platform and receive RING token in the form of Bounty.

For more information check RING Platform http://ringx.io/