The Chinese government has maintained a pro-blockchain stance throughout 2018. Recently, the government released their first set of cryptocurrency ratings with Komodo ranking in the top.

Komodo ranks in the top 5 Blockchain Platforms

In September last year, China’s Ministry of Industry and Information Technology banned cryptocurrency trading and ICOs but recently launched a rating index. To date, 28 cryptocurrencies made it to the list with the rankings based on innovation, application and technology.

Komodo became part of the top 5 projects together with Etherum, Steem, Lisk and Neo. Likewise, the company’s post noted that the Ministry last ranked Komodo second to Bitcoin in terms of being the most innovative project.

“This is a testament to the amount of working technology in place… we don’t have any details about how the rankings are calculated, but we’re in agreement with the CCID that Komodo is a leader in innovation!” Komodo said in their post.

“It’s refreshing to see working tech and apps being recognized in a world of hype. Komodo’s tech has long been world-class: first atomic swaps between ERC20 tokens and BTC coins and first to pass 100K atomic swaps,” said Komodo’s CTO, Kadan Stadelmann (CA333).

“More recently, Komodo has powered the world’s first decentralized ICOs (Blocnation and Utrum). Our decentralized exchange, BarterDEX, was first to support over 95% of all coins and tokens in existence. We’re about to soft launch its user-friendly interface on May 21st (HyperDEX) which means you will be able to trade tokens peer to peer, wallet to wallet, without giving up control of your private keys. It also means a blockchain business that launches on the Komodo platform will be able to trade without cost-prohibitive listing fees.”

Komodo and Pearl Pay’s Partnership

Partnering with Komodo will allow Pearl Pay to springboard the product development of its blockchain-based products.

The Komodo platform shines on settling existing socio-economic issues through decentralized technologies and paving the way for a thriving society. The company will provide white-level services structure for decentralized applications. It can also provide plug and play solutions for both businesses and developers.

If any of the news is any indication, Komodo also recently stated that they have created an application “that allows users to participate in ICO’s in a decentralized manner” as reported by Crypto Briefing. Should this become successful, Komodo’s dICO app will make investor participation in ICOs safer and easier.

PearlPay

Author PearlPay

Pearl Pay is a Virtual Money Logistics System™ (VMLS™) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market.

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