aBey e-commerce blockchain amasses 100,000 users in first year

The aBey Foundation has seen a steep rise in adoption rates of the world’s first e-commerce-centric fast blockchain, on the one-year anniversary of its public release. Dr. Ciprian Pungila, chief scientist and co-creator of aBey said, “Since public launch of aBey on July 30, 2018, we have amassed more than 100,000 active users within the first twelve months of that date. aBey’s growth rate exceeds Bitcoin’s early growth by a factor of more than eight times.”

Major early adopter, aPay Systems, based in Malta, a high-volume online payments processor, chose the aBey blockchain as the technical underpinning of the company’s service. Philipp Saurborn, CEO of aPay said, “As a payments processor with inter-chain operability and up to 100K transactions per second, our B2B and B2C users demand speedy transaction completions. Before we migrated to aBey’s blockchain, transactions written to popular blockchains would require hours, even days to complete. Now, with aBey, we can complete every single transaction in milliseconds. There is no other blockchain on earth which can deliver such speed and flexibility, which is demanded by business and consumers.”

He added, “One of the future’s great revenue models for any company relying on the provision of quality data is to reward audiences for providing data willingly, and for interaction on their platform. The aBey blockchain allows retailers to reward buyers for providing data, for sharing, for completing surveys, for using offers, for referrals, voting, comparing, reviewing, liking, promoting, testing, using — the possibilities are endless with aBey. They aBey blockchain empowers retailers to attract, retain and motivate their customers while building trust relationships, all of which are key for conversion and retention.”