Weyland Tech Announces Partnership With Blockchain Technology Developer of Tokes Platform
December 28 2017 - 10:24AM
InvestorsHub NewsWire
NEW YORK, NY -- December 28, 2017 -- InvestorsHub NewsWire --
Weyland Tech, Inc. (OTCQX: WEYL) ("Weyland" or "Company"), a
provider of mobile business applications, announced today that it
has entered into a memorandum of understanding with TKS Ventures
(dba Tokes Platform) to bring blockchain technology to Weyland’s
platforms.
“I am excited to announce that we have reached an initial
understanding with TKS Ventures (“TKS”) to bring the technology
behind their Tokes platform to Weyland’s applications. There are
solid underlying dynamics between Weyland and TKS that extend far
beyond this initial partnership. The overarching fit is that
Weyland’s AtozPay will provide a digital wallet and the TKS
enterprise resource planning and supply chain platform provide
superior blockchain based security for the order processing steps
in the transaction process. Additionally, TKS’s combination of a
utility token and seed-to-sale tracking platform will provide a
substantial benefit to our online-to-offline (“O2O”) initiative.
Further building blockchain and cryptocurrency capabilities into
AtozPay and CreateApp will provide complete flexibility in meeting
the needs of diverse communities across global markets,” noted
Weyland CEO, Brent Suen.
“The Tokes team is developing systems for one of the toughest
regulatory environments in the world; we believe the robustness of
their end-to-end supply chain managements systems for the cannabis
market can be repurposed for retail logistics in a variety of
industries CreateApp serves. The mobile first countries Weyland
focuses on have skipped a number of legacy technologies as they
develop and will be early adopters of blockchain technologies that
will be introduced,” continued Mr. Suen.
TKS CEO Michael Wagner commented, “The Tokes token and platform
has initially been focused on the cannabis space, but we have
always anticipated that the TKS blockchain, ERP, and merchant
gateway systems that we have been developing would be open to use
in other product verticals and they have been designed with that in
mind. We are pleased that the team at Weyland agrees and we look
forward to developing robust solutions with them for those global
markets.”
Under the terms of the memorandum, TKS and Weyland’s final
agreement will support the purposes of:
(1) Applying and utilizing blockchain technology for payment and
banking layer solutions in the unbanked demographic prevalent in
Weyland's SE Asia markets;
(2) Jointly developing logistics and fulfillment solutions via
the blockchain that allows for more secure tracking, compliance of
transactions along the supply chain in various industries;
(3) Combining WEYL's current mobile marketplace solutions which
include e-wallet and other fiat currency-based payment services
with TKS’s Merchant Gateway services facilitating a two-way
conversion of paper currency in jurisdictions where that is
allowed; and
(4) Expanding the use of the TKS cryptocurrency into various
non-cannabis industry applications by virtue of Weyland's other
payment solutions.
Mr. Suen concluded, “Weyland has been focused this year on
enhancing our successful CreateApp platform with transactional
capabilities. These efforts will combine for substantial revenue
growth next year. We look forward to bringing these solutions to
market in the new year.”
About TKS Ventures
The Tokes Platform was founded to solve the legal cannabis
industry’s cash-only transaction and banking issues with their
cryptocurrency Tokes ($TKS), as well as their software solutions
for payment processing and supply chain management. Running on the
Waves blockchain, Tokes are a robust cryptocurrency with fast
transaction times (less than a minute) and a secure immutable
digital ledger. The Tokes transactional protocol is applicable for
both business-to-business and consumer-to-business models. More
information about Tokes Platform is available
at https://tokesplatform.org. TKS is a digital token traded on
BITTREX (BITTREX.com), the next-generation digital currency
exchange: https://bittrex.com/Market/Index?MarketName=BTC-TKS
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia
markets. Our CreateApp platform offered in 14 languages, enables
small and medium sized businesses ("SMB's") to create native mobile
applications ("APP") for Apple's iOS and Google Android without
technical knowledge or background. Empowering SMB's to increase
sales, reach more customers and promote their products and services
via simple easy to build mobile APPs in an affordable and
cost-effective manner.
Follow Weyland Tech online at:
Weyland Tech Facebook Page
(https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed
(https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page
(https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page
(https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed
(https://www.twitter.com/BrentSuenWEYL)
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company. All statements, other than
statements of historical fact included herein are "forward-looking
statements" including statements regarding: the continued growth of
the e-commerce segment and the ability of the Company to continue
its expansion into that segment; the ability of the Company to
attract customers and partners and generate revenues; the ability
of the Company to successfully execute its business plan; the
business strategy, plans, and objectives of the Company; and any
other statements of non-historical information. These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions and involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks, and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
any duty to update these forward-looking statements.
CONTACT WEYLAND TECH @:info@weyland-tech.com
www.weyland-tech.com