FPT SOFTWARE, IFA FORM BUSINESS ALLIANCE TO DEVELOP INFORMATION BANKING PLATFORM

KUALA LUMPUR, Dec 15 (Bernama) -- Vietnam’s leading IT firm FPT Software and Tokyo-based IFA Co Ltd (IFA) have formed a business alliance to develop an information banking platform.

The platform, AIre Data Bank, expects to enhance the data exchange experience with the utilisation of blockchain technology, according to a statement.

“We look forward to developing this information bank platform and extending blockchain applications in business. FPT Software will strengthen this partnership with IFA, making security, transparency, integrity, and convenience a reality for our users,” said Chief Executive Officer of FPT Japan, Nguyen Viet Vuong.

With the development of AIre Data Bank, FPT Software and IFA look to offer a marketplace that enables secured and transparent transactions of data and rewards between ‘sellers’, who provide a variety of personal data, and ‘buyers’, who purchase data for marketing and other purposes.

Blockchain technology, with its strengths of increasing security and transparency, is leveraged to build this platform. AIre Data Bank uses ARCS, a cryptocurrency issued and operated by IFA, as its native token.

In addition, all transaction data will be stored on the blockchain, preventing any party from corrupting the integrity of data, allowing ‘buyers’ to purchase the data fairly.

By combining the use of ARCS and FPT Software's advanced blockchain capability, both parties aim to realise the vision of user-sovereign autonomous information utilisation, mainly in the Asia Pacific region.

IFA and FPT Software are finetuning the services of AIre Data Bank and plan to launch the application in 2022.

More details at http://www.fpt-software.com.

-- BERNAMA