On July 24th at Banyan Tree Club & Spa Seoul, TokenNews hosted a conference for companies who will release their token in the near future. This was an interesting conference with some innovative ideas for the future. I will cover some of the highlighting company projects.
The first presenter was Oya Koc (CEO of UNAITY). Ms. Koc explained how her company has created an AI assistant language app. She showed us a video of the app being used in Japan between a Japanese manager and Filipino laborer. With UNAITY’s current application prototype, you get 24/7 access to a human translator—which UNAITY claims to have a greater accuracy factor than any other translation services. UNAITY credits their greater accuracy to having human translators who understand cultural background, language context, and problem-solving capabilities. UNAITY’s peer-to-peer translation service cost $1 for 1 minute of translation. Moreover, the cons of their company’s presentation would be:
- A need for more explanation regarding their token.
- UNAITY still has a lot of preparation to accomplish before emerging into the blockchain universe.
Top: UNAITY Token Platform Structure
Bottom: UNAITY Roadmap
Furthermore, Jonathan Chang (COO of Nauticus Exchange) explained his business with great confidence. He provided a lot of great facts presenting the advantages of using his exchange (which I will include in a picture below). Some of Nauticus’ advantages are that their exchange includes seven fiat currencies—and is officially licensed as an exchange in Australia. Additionally, Mr. Chang explained how Nauticus has a Strategic Cooperation Project with the United Nations World Blockchain Organization.
The last highlight to cover is Masaki Hirai’s (CEO of Earth Power) company presentation. I found his particular product very enticing: an “invisible” nanosized tracking chip. Now I believe this product will be globally implemented in the future, however, I don’t believe the world is ready for it today. Some of his claims about his project appeared to be more of a dream, rather than plausible today. However, I really liked his overall product idea. Mr. Hirai also claimed that his nano tracking device is extremely difficult to remove, though, he didn’t give much reasoning behind this claim.
Mr. Hirai used the postal system as an example of when his device can be used. His company’s nanosized tracking device can be “stamped” unto a mailing package and then be precisely tracked on the blockchain. He would have the tracked data stored on the blockchain so that it is secure—as no one can tamper or erase tracked locations on the blockchain. Furthermore, since this nano tracking device is pretty much invisible one can (in theory) attach it to anything and track it. For me, this is when the red flag occurred: How would privacy laws impact this product’s usage and distribution?
In theory, this nano tracking device would be globally revolutionary if it was accepted worldwide. Think about it, you could buy this device and attach it secretly to your child backpack or spouse’s purse and track everywhere they are going without anyone knowing. To me, this sounds a bit like an episode of “Black Mirror”. Furthermore, I am curious about what other people think about Mr. Hirai’s device.
*Here is a link to TokenNews: https://tokennews-hk.com/