eXo Wallet, a Blockchain-Based Digital Wallet for Enterprise

eXo Platform, an enterprise collaboration software vendor, announces the availability of its built-in digital wallet solution: eXo Wallet. This secure wallet is based on the Ethereum blockchain technology and allows any user of the eXo Platform solution to send and receive payments in any currency or utility token that follows the ERC20 format.

Ethereum is a global platform used for the execution of decentralized applications called “Smart Contracts”. These applications run within a global blockchain infrastructure, using secure protocols to represent assets and exchanges of value units called “tokens”. Tokens may represent property, virtual shares, proof of ownership or anything else whose allocations need to be tracked.

Blockchain and other distributed ledger technologies are rapidly disrupting many industries, such as banking, healthcare, real estate and utilities.