We are currently working with RainCheck IT, a local FinTech startup. Raincheck's technology links retail customers' online retail activity with actual in-store purchases at the stock-item level. They are launching a new cryptotoken called RAIN Token and based on the Stellar Blockchain that aims to provide a decentralised platform through which token holders are able to manage, aggregate and spend reward points across multiple loyalty schemes.
There is growing pressure from consumers to better manage and secure their sensitive data. This, along with the need to manage stringent compliances, has led enterprises to adopt tokenisation solutions for critical information protection and is an area that AwareIT is placing a growing focus. A token is simply, a unique piece of data that stands in for another, more valuable piece of information. Importantly, there is no way that you can recover the sensitive information from the token.
Cloud Ventures is developing multiple applications in the Chinese retail market. The project, named RCK China, will deliver 3 different Omni channels to market as well as a blockchain-based loyalty program.
Cloud Ventures has engaged AwareIT to assist with ensuring application security and meeting compliance regulations for cross-border business transactions. With tech environments based in both China & Australia, AwareIT is designing a security architecture that can scale and meets security needs of both the systems environment and users.