Looking into the base of ‘azit’ — Klaytn
‘azit’ is a blockchain-based, point integration platform for real estate and residential services. ‘azit’ provides a service that allows users to conveniently use points as they see fit for residential services related to real estate or community facilities by integrating points that can be used anywhere.
Welcome to ‘azit’!
As ‘azit’ provides a service where you can exchange each partner’s points against a blockchain based token and then turn it into other points (or cash out into fiat), it means blockchain technology is the one and most important element to our service.
To make such service, ‘azit’ BApp (Blockchain Application) is built upon GroundX’s public chain Klaytn. So, Let’s look into Klaytn a little closer.
About Klaytn
Klaytn is Kakao’s global public blockchain project, a platform that is service centered to provide user friendly blockchain experience. Klaytn supports BApp to provide a highly reliable blockchain network in a hybrid form by combining the strength of each public and private chains.
- Strength of Public chain : Decentralized data & control, Distributed governance
- Strength of Private chain : Low latency, High Scalability
In between these technologies, Klaytn serves to give fast network response, stable but strong ability to cover enormous transaction volumes. Recently, the Bank of Korea selected Klaytn to be one of its subjects to participate in simulated research for Central Bank Digital Currency (CBDC) project. There are well made projects like KakaoCon, Wemix, Somesing that are based on Klaytn’s service chain.
What’s a BApp (Blockchain App)?
BApp came out when Klaytn’s Mainnet was built. It is basically similar to DApp (Decentralized App) which is powered by Ethereum, EOS, blockchain network. DApp is a decentralized application where anybody can use the open source, BApp is a hybrid model that adjusted a verification process to increase reliability just like when private chains verify.
Klaytn based ‘azit’ BApp
‘azit’ is a BApp built based on Klaytn, mainly to make transactions between AZIT Tokens and residential service’s points to be more stable, easy, and fast.
AZIT Token is a key currency and acts as a medium for exchanging points inside ‘azit’ BApp that was issued based on Klaytn’s mainnet Cypress. Because ‘azit’ is based on Klaytn’s blockchain technology, it has both private solution’s reliability and public mainnet’s data anchoring, fast transaction, and stability.
‘azit’, powered by Klaytn’s technology, will do our best to bring you the greatest experience!
※ Reference : Klaytn Homepage https://www.klaytn.com/
Join “azit’’! Where points make your space special.
