LINE Blockchain’s 5 New Decentralized Apps: Wizball, 4CAST, Pasha, TAPAS and STEP
Five Decentralized Apps Announced for Launch on LINE’s Blockchain Platform
Decentralized applications are a common occurrence in the cryptocurrency world, and more companies are adding them every month to make progress in the industry. LINE, a messaging service that is known around the world, is working on their own breakthrough, starting with five decentralized apps (dApps), which they have launched on the custom blockchain platform. The intention to support dApps on the platform alone was announced back in April, though the creation of their own dApps is a much newer development.
The press release was issued on Friday, outlining the types of dApps they are providing. This list includes applications for prediction, product review, food review, question-and-answer, and location review. However, while these options are made available to users, LINE will be in the process of establishing their own link token economy. Ultimately, the token will end up being listed in markets through the BitBox exchange, taking them outside of Japan. However, they plan to stay away from investors in the United States.
This group of dApps will have the following names:
- Wizball Overview, which issues rewards to users that answer different questions.
- 4CAST Overview, which develops a prediction market.
- Pasha Overview, which issues rewards to users that post product reviews.
- TAPAS Overview, which issues rewards to users that post food reviews.
- STEP Overview, which issues rewards to users that “share their stories of recreational activities and holiday trips”
Though the dApps have not been released yet, they are expected for launch within 2018. However, both Wizball and 4CAST are in the beta phase right now, and there is no specific timeline that the company looks like It will launch the full program. Still, the company’s seemingly small steps now are actually pushing them towards a more expansive effort to create a “co-creation economy,” according to LINE.
In the press release, LINE said,
“The LINE Token Economy uses LINE’s internally-developed blockchain network, LINK Chain (MainNet), to build a LINK Ecosystem that aims to flatten the relationship structure between users and service providers to promote co-creation and mutual growth… LINE is preparing to publicly release a development kit in anticipation of third-party services to join the LINK Ecosystem starting 2019 (tentative). With the release of the kit, service providers can abstain from the development of their own blockchain platform and jump on board with LINE instead.”
Along with the new dApps on the platform, the company also announced that both their solution to scalability and their LINK token will be live in December.