Hello Pal Announces Development of Blockchain Platform with Established Technology Partner

Hello Pal (CSE:HP) has announced it has entered into an agreement with Shanghai Yitang Data Technology to transform Hello Pal’s platform to one that is based on blockchain technology.

As quoted in the press release:

The main purpose of implementing blockchain technology is to develop the Hello Pal platform into one that is increasingly decentralized and user-driven, a platform where value that is created by users is returned to the users, and where power is also put back into the hands of users.

“Blockchain technology and decentralization are a natural fit for Hello Pal,” said K. L. Wong, CEO of Hello Pal. “The Company’s mission has always been to bring the world closer together, and the global and borderless nature of decentralization will enable the Company to create an even more borderless and all-inclusive platform for users all over the world. We instantly saw the synergy between the ideology of blockchain and Hello Pal’s core values and direction.”

The Company has partnered with Yitang to implement this transformation.

Originally a leading research and development company in Shanghai with patented trading engine and advanced core computational engine technology, Yitang has in recent years focused on developing and implementing blockchain technology, including innovative consensus algorithms, cutting-edge cryptography and smart contract engines for its clients, and has also partnered with the Softbank group in this area. Yitang to date has already helped many companies (including some with millions of users) to implement blockchain-based solutions, as well as total solutions for the management and settlement of digital currency, and global real-time payments solutions.

“We are very fortunate to have the opportunity to work with a company as experienced in the field of blockchain technology as Yitang,” said Wong. “They have a proven track record of helping companies transform their platforms and seamlessly adopt cutting-edge technology, and they will no doubt help us achieve our goal of making Hello Pal a platform that most closely reflects the user’s needs and desires.”

Click here to read the full press release.