Africa-based Startup Treon to Bring the True Value of Blockchain in the Developing World

Treon's Presented its Plan to Bring Equality in Utilities Payments to the World's 1.7 Billion Unbanked at the Bloconomic Blockchain Economic Summit in Kuala Lumpur

Treon (TXO), provider of the world's first "Utilities Token" that securely and seamlessly enables consumers around the world, including the unbanked, to easily manage and pay for their telecom, energy, and water usage, recently delivered a keynote presentation at Bloconomic: Blockchain Economic Summit in Kuala Lumpur, before an audience of technical and financial leaders and related press. The keynote was presented by Khaled Khorshid, Co-Founder | Technology and Hesham El Metainy Co-Founder | Strategy & Commercial for Treon and described their goal of realizing the true value of blockchain technology where it is most needed - in emerging economies throughout the world and in making utilities payments easy and secure even for the world's 1.7 billion unbanked mobile users.

"Investors and blockchain experts are looking for evidence of where blockchain will change the world, but they often skip over the people that need this groundbreaking, decentralized, security of transactions the most," Khorshid said. "In societies where high-speed internet access is already the standard, currencies are stable, and secure transactions are readily made online, blockchain can bring improvements, but it is not truly revolutionary to what is available to users. In emerging economies, blockchain startups like Treon truly can change and improve lives."

"The Unbanked population of global Utilities customers has gone largely unrecognized up till now. They have been left to wait in line at local utilities offices to make payments in hard currency. Conditions are often uncomfortable or unsafe and the process can easily consume 20 hours of a customer's month, just paying for the basics," El Metainy said. "Treon has a solution, letting these and all utilities customers make payments with Treon Tokens, securely from their own home in a matter of minutes. What seems commonplace in some countries will be a life-changing shift in paradigm throughout parts of Africa and Asia and throughout the world."