Line, the Japan-based mobile messenger under South Korean internet giant Naver, has announced plans to launch five new decentralized apps, or DApps, running on its proprietary blockchain network, Link Chain.
The company said Friday that DApps
focusing on various service categories including prediction,
question-and-answer, product review, food review and location review
will be introduced in the coming weeks, kicking off Line's efforts to
build up a token economy system.
As part of the move, Line will also start offering its own digital
token, Link, on its cryptocurrency exchange Bitbox starting from Oct. 16
in global markets, excluding Japan and the US. Users in Japan, Line's
main market, will instead be rewarded Link Points that can be used
within the Line-operated DApps.
The Link coins were already distributed via Bitbox earlier this month,
and will also be issued as part of a reward system for users of Line's
DApps in the future, the company explained.
Among the five upcoming DApps, two are already running as a beta
version: Wizball Overview, which rewards users for contributing to a
Q&A platform for knowledge sharing and 4CAST Overview, which brings
users together to make future predictions.
Pasha Overview, which rewards users for writing product reviews, Tapas
Overview, which rewards users for sharing restaurant reviews, and Step
Overview, a social media platform for recreational activities, will be
launched by the year's end.
.
FOR THE BEST GLOBAL HOTEL & FLIGHT BOOKINGS
.
In doing so, Line said it wants to build a "co-creation economy" that
aims to "flatten the relationship structure between users and service
providers to promote co-creation and mutual growth."
"Users simply need to register and begin using any of the DApp services
announced today, or existing services that will become part of the Link
ecosystem, to start earning Line's universal coin Link Point (for Japan)
or Link (for markets outside Japan)," Line said in a press release.
In addition to its own apps, Line is also looking to invite third-party
developers into its custom blockchain network. Line plans to release a
development kit in anticipation of third-party services to join the Link
ecosystem, starting from next year at the earliest.
Line said it has leveraged its platform development expertise to create
an outstanding blockchain network that guarantees stability and
minimized processing time, therefore making it suitable for hosting an
exceptionally large number of users.
Source - TheNation
