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ETC · 196w

The Chinese Exhibition Market Is Starting To Implement A Blockchain Technology

Jul 12, 2017 at 12:56 // News

55 exhibitions in China have already confirmed the implementation of smart contracts on ExpoCore platform, the funds for the development of which will be collected with the help of ICO.

Token crowdsale of the ExpoCore - first platform of the smart contracts for the exhibition market will be held in August this year. The project was created by the ExpoPromoter group team, which also includes online ticketing service and a service to attract visitors to the exhibition. Before the start of the token sale no less than 300 exhibitions in China will join the project.

The ExpoCore platform will make it possible to conclude contracts at exhibitions safely and with a minimum commission at the expense of standardized smart contracts for blockchain. In addition, any transactions using the ExpoCore crypto currency will help to solve the problem of trust between participants and many registration requirements relating to the fiat currency.

Only in China at exhibitions annually concluded contracts worth $ 200 billion. In total there are about 1700 exhibition brands in the country, 500 of which already cooperate with ExpoPromoter. Among those who have already confirmed the intention to use ExpoCore such largest exhibition conglomerates as: Canton Fair, Auto Shanghai (SIEC), Messe Düsseldorf (Shanghai), Reed Expo, Beijing Hiven Exhibition, UBM China, Hannover Milano Fairs Shanghai, ITE Aisa. The world market is estimated now at $ 1 trillion.

Gennady Netyaga, ExpoPromoter CEO and founder, says:

"One of the main goals of the exhibitions is to find partners and conclude contracts. Our partner Canton Fair declared that for 5 days of its spring exhibition in 2017 they concluded deals for $ 2 billion. We want to create a standar...

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