Source for BlockChain News

Monthly archive

October 2008

LiteLink Signs Trial And Customer Agreement with Large Canadian Nursery Leader, Strengthening Its Position in the Live Product Logistics Industry

by

VANCOUVER, British Columbia, Sept. 11, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF), a key player in logistics platforms and payment solutions, is pleased to announce that it has signed a customer trial and a definitive user agreement with one of Canada’s largest nurseries, Brookdale Treeland Nurseries Ltd. (“Brookdale”) to provide Brookdale with the enterprise version of the 1SHIFT Logistics platform. This agreement marks a milestone and a major step forward towards 1SHIFT operating in the tree and nursery industry across North America. Over 3000 nurseries operate in Canada alone. According to IBIS World, the nursery industry yields over $50 billion dollars in revenue, spans across 24,642 businesses and employs over 140,000 employees across the U.S.

1SHIFT powered by LiteLink is an end-to-end logistics management solution that enables shippers and carriers to engage in freight matching, automate daily functions, and achieve real-time visibility into their transportation network. The addition of Brookdale will further LiteLink’s goal to be the dominant logistics platforms used by nurseries across Canada.

As per the agreement, Brookdale will receive full commercial access to the 1SHIFT logistics platform to achieve advanced real-time visibility into tracking and tracing, and route optimization to drive the cost of labor and fuel down, all of which will be integrated into their existing TMS ecosystem. The commercial agreement is perpetual use based and fees are based on the number of transactions occurring in the system. There are no start-up fees or cancellation fees in place.

The agreement states that Brookdale will receive 30 days of free commercial use and trial of the platform starting with advanced visibility, while 1SHIFT completes the customizations required for route optimization and load building features. Brookdale has already begun live trials at this stage.

“The challenges our customers are facing today require greater visibility into their transportation network,” said Ashik Karim, LiteLink’s CEO. “The nursery and tree industries across Canada are ripe for technology that drives shipping efficiencies, automated truck loading plans, route optimizations, and temperature sensors. We have full intention of working through the entire list of over 3000 nurseries, targeting the specific common challenges that this industry is facing today. Starting off with an amazing company like Brookdale is the right major step into this industry.”

“The 1SHIFT Platform first runs look very good and the roadmap looks very promising to driving value for our logistics needs. We look forward to continuing to expand the use of the 1SHIFT features,”

stated Marc Bonnici, Brookdale’s National Distribution Manager overseeing logistics.

About 1SHIFT Logistics

LiteLink’s highly regarded 1SHIFT platform is used by shippers and carriers to engage in freight matching, to gain better visibility into their businesses, and to automate daily functions that were performed manually. The 1SHIFT mobile app is used by truckers to view real-time shipment details and flag any issues, automatically provide the truck’s geolocation using the phone’s GPS capabilities and empower every employee from the shipper, carrier, drivers to deliver more connected, intelligent customer service. The end result is that stakeholders who are monitoring shipments can view an interactive map within 1SHIFT showing the current location and progress of each shipment. 1SHIFT also has a robust audit trail capability employing blockchain technology that provides an immutable historical record of the events surrounding each shipment.

About Brookdale Treeland Nurseries Ltd.

Brookdale is one of the largest and most-respected growers of garden plants in Canada, servicing garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. It has been seeking an advanced freight & shipping visibility platform that can be seamlessly worked in without any start-up costs.

Brookdale is one of the largest and most respected growers of garden plants in Canada and is proud to service garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. Brookdale services customers from three locations in Ontario, one in BC and one in New Brunswick with a total land base of over 700 acres. Through its network of over 300 other growers, Brookdale brings products from around the world to its retail and wholesale clients, some of which are Fortune 500 corporations.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

Please See Disclaimer

If You Liked This Article Click To Share

Aston Plaza | First Major Crypto-bought Real Estate on Hold

by
Aston Plaza

Aston Plaza

A cryptocurrency venture under construction in Dubai has reportedly been put on hold. British Baroness and multi-million dollar crypto entrepreneur, Michelle Mone, had begun a real estate project called Aston Plaza, which broke ground in 2017.

However, citing government inspectors to the site, the project has stopped at only 25% completion.

Aston Plaza

The $325 million project consisted of two complexes making up 1,300 luxury apartments. At least 150 of those were planned to be sold in Bitcoin. This was the first major development of this size to be available for cryptocurrency purchase. Studio apartments were on sale for 15 BTC and two-bedroom apartments for 45 Bitcoins. That equates to roughly $130,000 and $380,000 respectively, as of February 2018 when the venture had already sold 50 apartments in this manner.

The Aston Plaza Website

There have been no details as to why the venture has stopped in its tracks.

According to the website:

“The Aston Plaza & Residences development at Dubai Science Park offers affordable studio, 1 and 2 bedroom apartments that can be purchased in bitcoin or a combination of bitcoin and fiat currencies on this website.”

However, at the time of writing, the website states:

“There are no more units available to purchase at this time. Further information to follow soon.”

It also continues to state how apartments of all sizes now start at 9 BTC, with the exchange rate now pegged to the US dollar rate for Bitcoin as of January 2018. This equates to roughly $147,000.

As stated, construction on Aston Plaza has stopped at only 25% completion. This equals, approximately, 400 apartments that have already been sold.

>> Crypto Adoption: Russia Testing and Finland Regulating

Equi Capital

This is not Mone’s first crypto venture. The founder of lingerie brand Ultimo also started a crypto-related initiative called Equi Capital that reportedly involved Apple’s Steve Wozniak. Equi Capital launched an ICO looking for $80 million to start what was dubbed the “Bitcoin of Britain.” After only raising $7 million, and failing to reach targets, the project lost interest, and those who invested were reimbursed.

Would you pay for an apartment at Aston Plaza in crypto?

Featured Image: DepositPhotos © PromesaStudio

If You Liked This Article Click To Share

Ripple (XRP) | $26 Million Moved to Co-Founder Jed McCaleb

by
Ripple

Ripple

Ripple, the company that holds the highest number of XRP tokens, has been in the news for the wrong reasons over the past few weeks. Analysts and members of the XRP community have been quite vocal about the way in which the company has gone about dumping large quantities of its holding at regular intervals.

Many believe that the periodic selling of XRP tokens at large volumes has led to the poor performance of the token. XRP, which is the third biggest cryptocurrency by market capitalization, has been one of the worst performers in the market so far, and Ripple’s actions are being blamed for that.

Another Major Development

In a new development, it has emerged that the company sent XRP tokens worth $26 million to the Chief Executive Officer of Stellar, Jed McCaleb.

Now, a transfer of that nature to Jed McCaleb is always going to be controversial since he used to be the Chief Technology Officer at Ripple and over the past months, he has been responsible for dumping hundreds of thousands of XRP on a daily basis. The detail was found by a Twitter account that tracks big transfers of XRP being done by the company, and it was revealed that Ripple had transferred as many as 100,000,000 XRP tokens to McCaleb on September 7.

>> Bakkt is All Set to Introduce Bitcoin Futures in September

The company has a fraught history with McCaleb. The current Stellar CEO owned as many as $1 billion worth of XRP tokens back in 2017. After he left the company, Ripple enacted lawsuits in order to stop him from dumping his tokens quickly, and that created bad blood between the two.

While large transfers are now quite common with regards to XRP, it is important to note that the value of the token has not moved much and has largely underperformed in comparison to the market so far. CEO Brad Garlinghouse has stated that the token sales are done in order to finance a range of blockchain projects.

Featured image: DepositPhotos © akulamatiau

If You Liked This Article Click To Share

Ripple Signs Major Agreement with Major National Bank

by
Ripple

Ripple

In 2019, XRP did not have a particularly great year despite the bull run in many cryptocurrencies, and much of the blame for this was laid at the door of Ripple. However, the company has made a range of important deals in recent times, and it signed another one on Tuesday.

Ripple for Remittances

The company signed an agreement with another big-ticket customer, and this time it is the National Bank of Egypt. The San Francisco-based blockchain company holds the highest number of XRP tokens, and many have blamed its previous actions for the depressed price. However, the story is definitely changing now.

The company revealed yesterday that it has signed a cooperation agreement with the bank. According to the terms of the agreement, Ripple is going to provide the National Bank of Egypt with more options for incoming remittances. In other words, it will give the bank another option for helping Egyptians to send money home from across the world.

It has also emerged that, by way of this new deal with Ripple, the National Bank of Egypt will become the first bank in the African nation to use blockchain technology. That being said, many will be waiting to see the sort of influence it has on the XRP price—if any.

>> Libra Vice-Chair Unconcerned By High Profile Departures

It is a significant deal for the blockchain company since the National Bank of Egypt is one of the best-regarded financial institutions in Egypt and in Africa. In addition to that, it will also open up the Egyptian, North African, and Middle Eastern markets for the blockchain company. If all goes well for Ripple with this partnership, then it could lead to bigger deals with other banks, and that is possibly one of the things that many XRP investors look forward to.

Last but not least, it has also been announced that the bank is going to use Ripple’s RippleNet to make the remittances.

Featured image: DepositPhotos © 

If You Liked This Article Click To Share

Go to Top