Blockchain Technology on the ASX:RFN Makes Strategic Acquisition
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RFN wants to maximize these opportunities by accelerating the adoption of its existing products and by pursuing complementary value accretive SaaS and BaaS opportunities.
With a solid management team fully-focused on taking this company forward, and supported by a key industry figurehead that has achieved results at previous tech stocks, RFN is a reasonably-priced entry into cutting-edge technology that has the world talking. One of the key blockchain experts alluded to above is Matthew Hamilton, who has extensive industry experience in blockchain companies asx listed blockchain sector and brings valuable expertise including assessment of product offerings and territorial licensing opportunities to RFN.
Loyyal is a universal rewards platform built with blockchain and smart contract technology. RFN has recently announced a strategic investment and licensing deal with Loyyal as another key step in its accelerated growth strategy. However, it should be noted that RFN is an early stage company and investors should seek professional financial advice for further information if considering this stock for their portfolio.
RFN is led by another recently appointed blockchain expert in new CEO Tim Lea who will help guide the company through this transformative time. Combined with Non-Executive Chairman David Jackson who has a blockchain companies asx listed tech business building and blockchain leadership track record and Anthony Dunlop from ASX listed technology and blockchain investment company Chapmans Limited, Reffind looks to have what it takes to build a substantial and compelling blockchain led business giving investors exposure to a highly qualified and compliant blockchain growth story.
RFN plans to identify and acquire one or more entities and pursue blockchain commercialisation via one of three avenues: Architecture, Platforms and Customer-focused products. It plans to actively evolve the current SaaS free-for-all, into a higher calibre solution, capable of serving a wider range of customers and enterprises.
RFN Be alerted as soon as an article is released - Join our mailing list. Crowdfunding, asset digitisation, higher-grade security and greater efficiency-as-standard are just the first smattering of new tech solutions to be unleashed into the market over the coming years. In our last articlewe delved into the details behind RFN, and why it could make some early blockchain-powered dollars.
RFN is now at a crossroads with the next few months likely to yield significant business changes that will likely affect the company for years to come. Progressing a business in a relatively new market blockchain companies asx listed nous and extensive expertise.
Lea brings 20 years of senior executive and corporate leadership experience with a focus on banking and commercial finance in the UK and Australia. He wrote Down the Rabbit Blockchain companies asx listeda blockchain book designed to simplify the game changing proposition presented by blockchain. The appointment of Hamilton is significant for RFN.
As mentioned above, he has blockchain companies asx listed as an advisor, investor and operator for blockchain solution providers and industry stakeholders. He is one of the rare breed who deeply understands the legal, accounting and regulatory framework behind this growing phenomenon. He backs that up with extensive commercial relationships. RFN has agreed to enter into blockchain companies asx listed binding term sheet with San Francisco-based Loyyal Corporation Loyyal for a strategic substantial equity holding in Loyyal of up to Details of the second tranche are yet to be released to market.
Not only blockchain companies asx listed the investment make RFN the largest shareholder in Loyyal and give it board representation, it could also open up the market across the Asia Pacific region. That is a 4. Of course, how much of this market RFN is able to attract remains to be seen, so investors should take all publicly available information into account and a cautious approach to any investment decision in this stock.
Loyyal has been widely reported to be transforming the loyalty industry in a payments industry that has remained relatively stagnant. This investment could open up a wealth of opportunity for RFN as it continues, as mentioned above, to look at ways to increase its core offering.
WooBoard is a peer-to-peer recognition platform which encourages employees to acknowledge and celebrate great work by their colleagues. It is social, interactive and uses gamification to boost user engagement and improve company culture.
The opportunity is now there to improve upon archaic CRM systems and deliver better ways to engage and retain employees. Through further development supported by investment in synergistic blockchain based technology, the WooBoard platform could soon become a significant player in the BaaS space.
RFN will use the blockchain companies asx listed for additional working capital and for technology investment, in blockchain companies asx listed to create a uniquely placed BaaS company offering bespoke services for a range of corporate clients globally. The capital raised will be directed towards Customer Relationship Management CRM systems are a simple example of the first wave of functionality we blockchain companies asx listed see from blockchain-powered tools aimed at the retail consumer.
Other services such blockchain companies asx listed peer-to-peer lending and online payments are also likely contenders. Blockchain is a distributed ledger technology that records real-time data into blocks and stores them for later recall.
Each time a block gets completed, a new block is generated. The blocks are linked to each other in proper linear, chronological order like a chain, with every block containing a hash of the previous block. Each block containing the data is cryptographically hashed, using complex mathematical algorithms. The idea is to check the blockchain companies asx listed record for any sign it has been compromised in any way each time a new layer or addition is made.
This ensures that the entire record cannot be tampered with or manipulated via technical arbitrage. To give you an example of where distributed ledger technology is coming from, take a look at the following illustration:. Nothing is ever perfect, but ledger technology is a huge improvement on previous architecture and is already rolling out across various sectors.
RFN want to enter the market with a slew of value-accretive acquisitions to hit the ground running regarding the commercialisation stakes in the new year. In the US and Europe, software and tech consulting services are two of the largest and fastest-growing tech spends.
Asia Pacific has not reached this point but is gaining ground. For the uninitiated, a ledger is simply a record of something, whether it be trades executed by traders, or financial transactions to buy goods and services. These three requirements — speed, security and functionality — are notoriously difficult to get right, but blockchain makes it all the more easier. With the world accelerating towards a future blockchain companies asx listed decentralisation as its principle and digitisation as its bedrock, adding blockchain exposure to investment portfolios could be one of the most forward-looking investment decisions you can make.
Think AOL in the early s or Google in the early s. Blockchain companies asx listed was the Internet that put the fire under these businesses, and RFN hopes it can repeat the feat with blockchain in the 21 st Century. It will transform the way we conduct business, especially within the financial services and large enterprise space. RFN has now secured what blockchain companies asx listed needs to lead the business through its next stage blockchain companies asx listed organic and investment based growth, leveraging existing and Blockchain software.
This is a significant milestone in its ability to expand organically and rapidly grow in key international markets. The company does, however, remain a speculative stock so investors blockchain companies asx listed seek professional financial advice before making an investment decision with regard to this stock. Blockchain, or distributed ledger technology, has the ability to generate unprecedented opportunities to create and trade value in society.
In the same way the internet facilitates direct exchange of information, blockchain facilitates direct exchange of value, without the need for a centralised intermediary, or a centralised server swamped with too many requests.
Notwithstanding the technology is still in its early stage of wide scale implementation, as infrastructure and enterprise adoption continue there is potential to drastically impact industries as diverse as finance, energy, media, gaming, real-estate and logistics. If blockchain companies asx listed though Software-as-a-Service SaaS was a step in the right direction towards better collaboration and efficiency synergies on every corner, blockchain companies asx listed Blockchain-as-a-Service BaaS promises to take this journey to the next level in terms of scalability blockchain companies asx listed application.
Think hospitals, infrastructure projects, telecoms and even mining. All these functions and industries stand to be the first to benefit from what BaaS has to offer. Given the overburdened state of government coffers, combined with the fact that organisations are facing rapidly growing data-handling issues due to a digital overload of content and metadata — it ultimately means that with more digital records being generated, comes a growing problem of keeping it all accessible and secure.
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