Hit enter to search or ESC to close
To address those concerns, Dr. Korkmaz found a solution in blockchain. “I thought I might be able to make these processes more efficient using blockchain,” he notes. Dr. Korkmaz says Stabilwerk Bau is the first construction company in the world to accept credit tokens as payment for services. As he explains, Stabilwerk Credits, which run on the BSV blockchain, offer his clients the chance to pay the company in fiat in exchange for credit tokens. The incentive for those who choose this payment option is to receive a 10 percent reduction in cost. In addition, Dr. Korkmaz, says Stabilwerk Bau plans to “tokenize the entire relationship among the actors of construction projects,” to provide for a smoother, swifter and more efficientcommunication process. Also in the pipeline is the P2P software company he has founded, to offer blockchain solutions to the construction industry and others. Dr. Korkmaz plans to produce an app that will connect clients to general contractors and general contractors to subcontractors within an area. The app, which will work exclusively with Bitcoin SV, will be made available to users worldwide.To know more about Stabilwerk Credit tokens and Dr Korkmaz’s P2P software, check out CoinGeek Conversations podcast here:“You’ll be able to send BSV pretty much anywhere on the internet, any web pages, any social media platform, as long as you see a Paymail address somewhere. So if you see a Paymail address on, say, a Medium post, then the extension will highlight the Paymail and from there you’ll be able to send money directly with just one click.”PeerSend is a kind of identity management system which Jeff hopes will eliminate the inefficiencies of today’s internet where users need to register separately with each business. It would mean, he says, that platforms don’t ‘own you’ as theydo now. With PeerSend, all those separate relationships could be “merged together into a single identity and single cash system.” Jeff’s vision is of a seamless online experience where you only have to give your identity and financial details once, for use across the internet: “It’s not bound to a currency or country or platform or anything like that.”So how is that going to work in practice, when it comes to Amazon, for instance, where Jeff says you’ll be able to buy things without even registering for an Amazon account?
About the author
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.