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The RKN token is an exclusive asset under Orbit Network’s flagship project named Orbit Network Chain Server (ONCS).
The token has been developed by a subsidiary firm named Blockchain Development Inc.
Currently, Orbit Network INC.
is in the last phase of strategic partnerships with telecommunication firms to roll out the RKN token in a wide-scale manner.
It has already collaborated with major 3rd party players in this space on the first stage.
Orbit Network INC.
will officially launch the mentioned project in the last quarter of this year.
Reportedly, users will be able to access the token and use it through a mobile application called PAYCAP and it will be available both on android and iOS.
The telecommunication industry has not seen many technological turnovers in the recent past.
Orbit Network’s blockchain-backed tokenized solution offers a fresh avenue to this industry.
At a time when consumers are moving towards the digital space while leaving behind the traditional options, Orbit Network’s exclusive cryptocurrencies assets are even more relevant.
It will not only allow users to recharge their sim cards with the RKN token, but it will also add tremendous convenience in terms of the consumer experience.
The value-proposition of RKN token goes even further.
By leveraging blockchain technology and implementing advanced smart contracts, it adds crucial elements in terms of stakeholder interaction with telecommunication firms.
Furthermore, it also adds a certain degree of automation throughout the process.
For example, a user’s monthly sim card recharge can be automated by setting up the smart contract with predefined conditions.
Orbit Network INC.
is a blockchain development company with a global footprint.
It specializes in harnessing advanced technologies and integrating those with data analytic techniques like big data, to offer a myriad of solutions.
Furthermore, it also offers blockchain-based enterprise solutions to help businesses better manage their assets, and also execute cross border transactions across several verticals including remittances, trade finance, payment processing, etc.