How it works: TokenGo Use Cases
TokenGo is an open type platform which allows using a number of conventional industrial JSON RESTful API when working and connecting to it. This protocol is compatible with any application that conforms to the messaging standard, such as ISO20022 or FpML markup language.
TokenGo considers them as processes with certain outlets for recording any information, transactions and updates into the distributed database. This integration allows interacting successfully with even obsolete application and solutions.
Each node of the TokenGo blockchain network contains an API gateway which enables fast and easy connection to any applications. This greatly simplifies development of mobile and web applications in any programming language.
Main Examples of TokenGo Platform Application:
Holding ICO Procedures
Originators of ICO companies can create their own tokens allowing investors to considerably reduce the time of achieving liquidity and profitability, in contrast to capabilities of present-day shares.
The unique TokenGo smart contract constructor minimizes the impact of the human factor on systematization and regulation of ICO conducting and is organized so that its adjustment and launching do not take much time or require engaging a team of professionals, while operational security and complete transparency are maintained unfailingly. The use of the TokenGo smart contract constructor significantly reduces the threshold for any company’s entry into market.
Voting
TokenGo ensures voting security. Votes cannot be modified. Confidentiality can be maintained using encryption. Votes are counted instantaneously.
Solutions for electronic voting and registration of decisions made are among promising areas for application of Blockchain technology. A distributed database stores the entire history of entries and their updates to ensure complete transparency of the process and enables checking them at any time.
Any information contained in Blockchain cannot be forged because all changes in a voting procedure or its results are also recorded into the distributed database and copies of those records are received, acknowledged and stored by other community members.
Creating In-House Cryptocurrency
There are a lot of reasons why project founders need to create their own cryptocurrencies such as a wish to provide financing for their startup using an advanced non-conventional financing method instead of searching for investments in traditional ways, which have now become complicated and costly; servers which have to be monetized; or a need for a real gaming currency. However, to do this, they normally have to face some difficulties, from exploring all the operating principles of existing cryptocurrencies down to writing their own code.
The TokenGo platform enables you to create your own cryptocurrency without any sophisticated programming. You will be able to set all the necessary parameters for coin emission and specify whether a commission fee is to be charged for transactions.
Financial Payments
Companies with financial services can utilize the TokenGo platform for instant payments and transfers worldwide.
Transfers through a blockchain platform have some undeniable advantages: all information about all operations (including ordinary transfers, transactions or purchases) are recorded in the database and the records are multiplied and stored in participants’ computers all over the world which renders any unilateral actions impossible. This payment method is especially suitable when there is a risk of uncompleted transactions or non-receipt of money in conventional payment systems. Besides, any financial operations through blockchain allow maintaining complete anonymity that is avoiding disclosure of the parties’ personal data.
Owning Tokens
The use of the TokenGo platform for registration of token ownership will enable companies to identify all present and former token holders as well as the entire history of token transfer (selling) from one holder to another at any time when required.
It may be necessary, for example, when identifying investors who are to receive some dividends or privileges announced when launching the ICO.
Automatic Accounting
Multiplying and saving information blocks on users’ computers all over the world is the basis for invariance and protection of any information recorded using blockchain.
All transactions and documents in the TokenGo blockchain are constantly saved and remain unchanged ensuring complete transparency of any financial transactions, contracts or other entries. This facilitates real-time automation of accounting work.
Voting Widgets
Any platform participant and GoPower token holder will be able to install a special voting widget on their websites to attract visitors and earn extra income. A voting can be arranged for any content including news, comments, articles, product or service descriptions, etc. This widget operates using API interface and is available as a generated code in any TokenGo platform participant’ personal cabinet.
All Internet resource authors who have a TokenGo platform widget on their websites will automatically receive a flow of interested visitors from the platform as our participants receive a reward for any vote or comment.
This widget operates on Blockchain, so participants have to do their work properly and fast in order to receive remuneration. There is so-called self-moderation of content. A participant does not benefit from writing content (comments) which does not meet the resource originator’s requirements.
Authentication and Notary Certification.
At present, only blockchain technology allows providing an absolute guarantee of authenticity of any information such as copyright protection or any other financial and legal information without engaging any third parties such as notaries or other institutions. The fact that no fraudulent amendments can be made unilaterally makes this technology a perfect choice for notary services, document management, registration activities, cadastral registration etc.
The TokenGo platform offers a solution to numerous issues associated with digital identification and allows performing authentication in an incontestable, invariable and secure manner.
Issuing Certificates
How can you demonstrate that the services you offer are reliable and secure? The TokenGo platform can be used to create professional certificates for accountants, healthcare providers, brokers, insurance agents, etc.
Those certificates which are stored in the distributed database cannot be received in any other way, except officially, which builds trust to a company and its staff as well as protects service users from fraud, deceit and low quality servicing.
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