DigitalTown Introduces Blockchain Platform for Smart Cities
A Digital Framework for Local Stakeholders to Own the Future of Cities
SEATTLE, Sept. 13, 2017 (GLOBE NEWSWIRE) -- DigitalTown, Inc. (OTC PINK:DGTW), a leading provider of smart city portal solutions, announced today the launch of a Blockchain-based Distributed Ledger for managing shared ownership of each city in its global network of city portals. The unprecedented move heralds a new era for empowering public-private partnership in the development of thriving local economies.
DigitalTown operates a global network of more than 20,000 city portals such as Nashville.city that make it easy for residents and visitors to search, share and shop local. Each city portal is equipped with SmartSearch, a powerful local search engine that provides locally relevant information tailored to personal preferences. Registered merchants are provided with an online storefront with which they can sell locally and globally, paying only transaction fees. All legal residents are provided with a free SmartWallet that includes a verified online identity with which they can securely engage and transact with services from both the public and private sector.
For cities where the municipality, or its proxy itself does not license the platform for their city, each resident of a city is to be allocated a fractional ownership unit of the city platform. The units may be claimed during a defined subscription period, after which the distributed units become freely traded and accessible to both residents and non-residents.
Rob Monster, CEO of DigitalTown, commented on the launch, "Since the advent of online search, local and regional institutions such as municipalities, chambers of commerce, convention and visitor bureaus, destination marketing organizations, trade associations, as well as other local institutions have been competing with each other for ranking in search engines. In many cases, they have also experimented with buy local initiatives using directories of local merchants but with no ability to transact. These uncoordinated digital efforts have often resulted in an inconsistent user experience causing both locals and visitors to rely on non-local online tools to find out where to go, what to do, as well as where to stay, shop or eat. Local ownership of a unified city platform provides the organizing framework to regain control over the online economy, achieve self-sustaining economic development, and equip local stakeholders to win in the Digital Age."
A Breakthrough for City Innovation
The DigitalTown SmartCity platform provides cities with the tools required to compete and win in the Digital Age:
A Single Verified Login for the City : The DigitalTown single-sign-on SmartWallet provides every registered citizen with a free verified login with which they can securely connect and transact both locally and globally across both public and private services - everything from local shopping, booking a table at a restaurant or signing up for parks and recreation. Community members and businesses can also securely transmit funds in real-time without fees using their SmartWallets.
A storefront for every business : DigitalTown provides integrated solutions for local commerce across retailers, service providers, dining, and lodging. Registered businesses can secure a free storefront with which to begin transacting immediately. Merchants pay only transaction fees, often far below the fees to which merchants are subjected to when consumers don't buy local, e.g. paying up to 40% for a hotel booking.
A secure platform for local innovation : Software developers in a city can use DigitalTown's Application Program Interface (API) at no cost. During London Tech Week in June 2017, attended by more than 50,000 delegates from both London and abroad, nearly 400 developers participated in the Smart.London global Hackathon sponsored by DigitalTown in cooperation with our London-based partners.
Shared Local Ownership for Aligned Incentives and Local Innovation
Across the global network of more than 20,000 cities, DigitalTown has reserved 80% ownership interest of each city portal for local and regional institutions who are committed to local online economic development. Local owners who enter partnership agreements with DigitalTown are also granted 'Right of First Refusal' for each city portal, thereby securing a path to consolidating full local ownership. Centralized payment processing by leading global payment processors provides a seamless path for the municipality, or its proxy, to become the Merchant of Record.
A Scalable Model for Local City Platform Ownership
To bring about such an important change, DigitalTown is partnering locally and globally. In the US, DigitalTown is working in cooperation with long-standing institutions such as local Chambers of Commerce, Trade Associations and the Municipalities themselves. Individuals from around the world are encouraged to sign up at DigitalTown.com to secure their ownership interest in their local city platform, and to be eligible to participate in future auctions for unclaimed units for their city. A copy of the Blockchain whitepaper describing the fractional ownership distributed ledger can be obtained at DigitalTown.com/blockchain.
As part of the worldwide rollout of the DigitalTown SmartCity platform, DigitalTown is scheduled to exhibit at the following events: World Chambers Federation in Sydney from September 19-21, International City Managers Association Expo in San Antonio from October 22-25, and Smart City Expo in Barcelona from November 13-15. Major rollouts are now in progress in London (Smart.London), Miami (Smart.Miami), Nashville (Nashville.city), San Diego (SanDiego.city). New multi-stakeholder city rollouts have now been confirmed for Bavaria, (.bayern), Charleston (Charleston.city), Melbourne (.melbourne), Nordrhein-Westfalen (.nrw), Sydney (.sydney), and Vienna (.wien).
DigitalTown, Inc. (DGTW) powers Smart Cities to succeed in the Digital Age. The company provides turn-key hosted solutions to power "Digital Towns", which improve Quality of Life for residents and visitors through integrated solutions for economic development, civic engagement and digital inclusion for cities around the world. For more information about the company, please visit www.digitaltown.com.
Safe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.
Rob Monster, Chief Executive Officer
(425) 295-4564; email@example.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DigitalTown via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
SEMAFO Mourns Passing of Board Chairman Jean Lamarre23.11.2017 22:01 | Pressemelding
MONTREAL, Nov. 23, 2017 (GLOBE NEWSWIRE) -- SEMAFO (TSX:SMF) (OMX:SMF) announces with sadness the passing of Mr. Jean Lamarre, Chairman of the Board of Directors of the Corporation, on November 22, 2017 following a short illness. Mr. Lamarre joined the Corporation's Board of Directors in 1997 and was appointed Chairman of the Board in 2000, a position he held until his demise. "Jean made an indelible mark on SEMAFO, both in terms of his corporate governance expertise and his 45 years of experience in Africa," said President and CEO Benoit Desormeaux. "Over his 20-year tenure with SEMAFO, he brought unique insight, business acumen and leadership to the Corporation as it transitioned from an exploration company to a junior gold producer. He did this, always without compromising his values: the integrity of the Corporation, his deep love for Africa and its people, and his priority to SEMAFO's long-term sustainability. On behalf of SEMAFO's Board of Directors, management and employe
Premier to join industry leaders at BDA London forum23.11.2017 21:39 | Pressemelding
HAMILTON, Bermuda, Nov. 23, 2017 (GLOBE NEWSWIRE) -- Premier David Burt will join more than two-dozen Bermuda executives in a multi-industry forum being held in London next week to showcase the breadth of expertise and advantages offered by the island's global business market. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/78c5ac53-07f7-4dd8-83e0-753ea5b4c80b Organised by the Bermuda Business Development Agency (BDA), the one-day event Tuesday, November 28 at ME London has attracted over 200 registrants. It will feature top regulatory and industry leaders in moderated discussion panels covering re/insurance, captive insurance, insurance-linked securities, asset management, family offices, and trust and private-client business. A networking reception will wrap the event in the evening. "The government supports the Bermuda Business Development Agency in this awareness-raising event that offers such gre
Crown Bioscience and Data Sciences International (DSI) Partner to Advance Metabolic Disease Research Using an Implanted Telemetry Device for Long-Term Blood Glucose Monitoring23.11.2017 14:00 | Pressemelding
SANTA CLARA, Calif., Nov. 23, 2017 (GLOBE NEWSWIRE) -- Crown Bioscience, a wholly-owned subsidiary of Crown Bioscience International (TWSE: ticker 6554) and a global drug discovery and development services company providing translational platforms to advance oncology, inflammation cardiovascular and metabolic disease research, announces the successful development of an enhanced method for preclinical obesity and type 2 diabetes studies in partnership with Data Sciences International (DSI). Crown Bioscience's clinically relevant models and DSI's HD-XG implantable glucose device combine to create a superior approach to preclinical metabolic disease research. Recently published work in the Journal of Endocrinological Investigation and Nature's Scientific Reports demonstrates the advantages of a new method using DSI's HD-XG implantable glucose device and Crown Bioscience's models of spontaneous and diet-induced diabetes. The HD-XG device allows for continuous, long-term measurement
Euroloan Opens New Market in Spain23.11.2017 11:10 | Pressemelding
Helsinki, Finland, 2017-11-23 11:10 CET (GLOBE NEWSWIRE) -- According to James Hickson, CEO of Euroloan Group, initiating services in the Spanish market is a key step in the expansion strategy of the Fintech group. “We have seen a growing demand for easy payment solutions in several markets, and the Spanish market in particular offers a massive opportunity for growth with Euroloan’s advanced payment and credit solutions. Merchants and Consumers appreciate our simple, fast and efficient services. It’s all about making their life easier. Consistent with our strategy, we have identified a number of partners to accelerate our market entry approach and expect to be providing our lending and merchant solutions by the end of the 1Q 2018” The Group is now present in five countries in Europe, including Finland, Sweden, Poland, Luxembourg and Spain. “Euroloan aims to open up several additional new markets”, says Tommi Lindfors, Chairman of the Board of Euroloan Group. “Spain is an importan
BDA partners with government to attract cryptocurrency23.11.2017 06:25 | Pressemelding
HAMILTON, Bermuda, Nov. 23, 2017 (GLOBE NEWSWIRE) -- The Bermuda Business Development Agency (BDA) will take a lead role in an initiative launched by the Bermuda government today to accelerate the establishment and growth of digital currency business on the island. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/457f43b9-d7bb-48f1-83e2-b856b33ebacc At a press conference held by Premier the Hon David Burt and National Security Minister the Hon Wayne Caines, the government announced the formation of a task force comprising two teams to advance Bermuda's regulatory environment as a destination for utility tokens, tokenised securities, cryptocurrencies, and coin offerings. BDA Consultant for Emerging Technologies John Narraway was named as chair of the Blockchain Business Development Working Group, while BDA Board member Lydia Dickens will chair the Blockchain Legal and Regulatory Working Group, of which
VistaJet Partners With Christie's for the Global Tour of The Collection of Peggy and David Rockefeller22.11.2017 11:39 | Pressemelding
The sale will be the most significant philanthropic auction ever presented LONDON, Nov. 22, 2017 (GLOBE NEWSWIRE) -- VistaJet, the first and only global private aviation company, announces today its worldwide sponsorship of the exhibition and tour of The Collection of Peggy and David Rockefeller, the most significant auction entirely dedicated to raising funds for philanthropic causes. The sale, consisting of numerous categories, will be conducted by Christie's, the world's leading art business, and will include a highlights exhibition tour in Hong Kong, London, Los Angeles and New York. Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c78fdce7-7651-42a8-a621-14088da2cc86 http://www.globenewswire.com/NewsRoom/AttachmentNg/33af2489-a9a8-4bbe-b5f7-78e4c1f29ca2 http://www.globenewswire.com/NewsRoom/AttachmentNg/a16c2
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom