According to a recent IOHK report, a decentralized ID and loyalty token system created using Input Output Global (IOG) designed and developed blockchain technology has been put into place by DISH Network Corporation (NASDAQ:DISH). With Atala PRISM and Cardano’s native asset features, DISH’s infrastructure can now use blockchain technology.
The culmination of this joint effort is going to be the production of a powerful, completely digital, and decentralized identity and loyalty structure that will first be constructed on the Cardano blockchain.
It is a component of the CRONUS project, which is a long-term, creative cooperation between IOG and DISH to make blockchain a central component of the DISH ecosystem as well as its entire consumer strategy moving forward.
Furthermore, this groundbreaking minimum viable product (MVP) marks the start of creating a backend token-based loyalty system support by blockchain technology. The first step is to activate the blockchain. DISH will operate nodes, issue DIDs, mint, and burn local assets to join the Cardano Ecosystem. Next, DISH consumers will be exposed to blockchain ecosystems. Including a wallet.
This is a huge step in the incorporation of blockchain-enabled systems into the ecosystem of the telecoms industry, and more particularly, toward the development of loyalty programs that are driven by distributed ledgers.
DISH has recently made investments in and formed partnerships with two crypto-enabled grassroots wireless networks; Helium and Pollen. These moves are intended to feed the company’s long-term goal of becoming a contender in the market for 5G wireless services.
A recent article from The Verge reported that it may soon be possible to pay for an iPhone using cryptocurrency with DISH’s upcoming wireless plan. In addition to that, there is something else that can to do more of with this unlimited plan. According to the article published in the technology newspaper, the platform may also enable users to swap their minutes for NFTs (non-fungible tokens).
Continue reading on CoinQuora
Source: Cryptocurrency - investing.com
