A Real-Life Consumer Application for Blockchain” Webinar

FLORHAM PARK, N.J., April 27, 2021 (GLOBE NEWSWIRE) — (by way of Blockchain Wire) 

TessaB Corp., a expertise firm growing a blockchain platform to unravel market inefficiencies within the used cell phone trade, unveiled attention-grabbing findings following a webinar earlier this month. The webinar titled – “The Way forward for the Cellular Telephone Provide-Chain Market: A Actual-Life Client Utility for Blockchain” included analysis agency IDC, NEAR Protocol and was moderated by Yahoo Finance Editor Javier David. The dialogue, sponsored by CommPro, highlighted new development and shopper developments within the used cellphone market and the way TessaB’s Glyde Marketplace  is altering the best way telephones are purchased and offered utilizing blockchain and AI.

As we’ve got develop into ever extra depending on cellphones, and blockchain continues to develop, the aim of this webinar was to tell contributors of a real-life shopper use case for blockchain that’s fixing inefficiencies inside the telecom and cell phone area.  The dialogue centered on how shopper marketplaces might be created leveraging blockchain, good contracts, and AI. Moreover, following the worldwide pandemic, the dialogue highlighted the influence on the supply-chain and the rising significance of sustainability, the place blockchain could make an enormous distinction.

Some quotes and dialogue factors from the webinar are outlined under.

“Our view is that the cell phone supply-chain market must be made extra environment friendly and middlemen needs to be changed by expertise with information administration instruments on one underlying platform such because the blockchain. There isn’t a higher expertise that can enable us to convey transparency and disintermediate an over $60 billion greenback market for the advantage of the patron and that’s what TesssaB is targeted on attaining inside the second-hand cellular trade,” mentioned Flavio Mansi, CEO of TessaB.

“Everyone seems to be speaking about blockchain and eager about it as cryptocurrency and bitcoin, however what we’re doing with TessaB and the Glyde Market is a really tangible utility of the utilization of blockchain and good contracts,” commented, Andrew Weisselberg, Head of Buyer Expertise, Glyde Market.

“Though the COVID-19 pandemic has posed challenges for secondary market contributors round able-bodied employees and logistics, a lot of the trade has been in a position to fulfill demand for refurbished smartphones. As soon as the pandemic begins to fade, people who had been in a position to spend money on expertise might be well-poised to prosper in the course of the restoration. The worldwide marketplace for used telephones is big, is now forecast to be value $65 billion by 2024,” mentioned, William Stofega, Program Director, Cellular System Expertise and Tendencies at IDC.

“NEAR was developed from the ground-up to assist consumer-facing use-cases with scalability and usefulness in thoughts for sensible shopper wants. The expertise permits it to scale for the patron and that’s the place a market like Glyde is available in, which was constructed leveraging NEAR. The expertise fades into the background permitting simple functions to carry out for patrons interacting inside this ecosystem offering patrons and sellers the next stage of transparency and safety, thereby slicing out the numerous trade middlemen to maintain costs down,” mentioned Erik Trautman, CEO of NEAR Basis.”

The complete webcast hosted by CommPRO might be discovered here to listen to extra from the trade specialists on the way forward for the cell phone area and rising applied sciences.

In regards to the Moderator: Javier David serves as an editor for Yahoo Finance specializing in monetary markets and the worldwide financial system. He works intently with reporters on breaking information protection, evaluation and commentary, and unique options. As a member of Yahoo Finance’s management workforce, he additionally helps to plot technique, assess new alternatives, and drive development. Javier obtained his begin in journalism reporting on overseas change and macroeconomics, capital markets and company governance at Reuters, in addition to world policymakers. Javier holds a Bachelor of Arts in economics and politics from Lengthy Island College, and a Grasp of Public Administration from Columbia College.

About TessaB: TessaB Corp. is a expertise firm centered on reinventing the secondary marketplace for cellphones and gadgets. Leveraging blockchain, AI and machine studying, TessaB is constructing a expertise platform designed to unravel inefficiency and belief points that plague the cell phone trade, enabling shoppers to purchase and promote with an unprecedented stage of belief, safety, and effectivity. TessaB operates the Glyde Marketplace, an revolutionary peer-to-peer platform for purchasing and promoting used gadgets that’s commercializing the TessaB expertise platform.For extra data go to, www.tessab.com or comply with us on social media: LinkedIn, Facebook, Twitter and Instagram.

In regards to the NEAR Protocol: NEAR’s mission is to allow community-driven innovation to learn individuals all over the world. NEAR’s platform supplies decentralized storage and compute that’s safe sufficient to handle excessive worth property like cash or id and performant sufficient to make them helpful for on a regular basis individuals, placing the ability of the Open Net of their arms. Technically talking, NEAR Protocol is a brand new public, proof-of-stake blockchain which is constructed utilizing a novel consensus mechanism known as Doomslug. NEAR Protocol makes use of a method known as “sharding” which splits the community into a number of items in order that the computation is finished in parallel. Parallelism radically will increase throughput and permits the community to scale up because the variety of nodes on it will increase. With NEAR, there isn’t a theoretical restrict on the community’s capability. NEAR core contributors have gained a number of world championships in aggressive programming and labored at main tech firms reminiscent of Google, Fb and Niantic. To be taught extra in regards to the NEAR Protocol, please go to near.org, and for the press package go to near.org/press.

Media Contact:

press@tessab.com