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LuLu International Adopts DigiCorp Labs DigiByte (DGB) Technology
In another exciting development for the DigiByte ecosystem, LuLu Group International, an Emirati multinational conglomerate company established in 2000, is set to integrate DigiByte and make it an integral part of its processes.
For the uninitiated, LuLu Group International operates a chain of hypermarkets with more than 57,000 employees and over 215 stores across various geographical locations, including the United States, Europe, and Africa.
Per a tweet by DigicorpLabs, a new established corporation to bridge the gap between blockchain and the corporate enterprise, a proof-of-concept is being conducted to facilitate the smooth integration of DigiByte technology into the business operations of LuLu Group International.
“We’re proud to announce that DigiCorp is ready for a POC with the integration of #DigiByte blockchain technology for businesses processes of part of LuLu Group Int., a multinational conglomerate company that operates a chain of hypermarkets and retail companies,” tweeted DigicorpLabs.
For starters, the formidable alliance will start with the integration of DigiByte-based secure identity authentication solutions into the operations of Y International USA, the first export distribution center for LuLu Group International in the United States.
The secure identity authentication solutions will cover the 100 plus employees of Y International USA and the team has made it clear that a plethora of secure enterprise solutions powered by DigiByte will also be rolled out in the LuLu Group after this POC.
Positive Reactions
As expected, the latest DigiCorp partnership with LuLu Group International has attracted positive reactions from crypto enthusiasts and members of the DigiByte ecosystem, with many commending the hard work and dedication of the team.
@CryptoNewWorld tweeted:
“That’s what #crypto is about! Solving problems and providing real-life use cases, not a pump and dump playground. Thanks for the hard work @RudyBouwman and everyone else, Like I always say…good luck with it.”
Launched by Jared Tate in 2014, DigiByte is a proof-of-work (PoW) based decentralized open-source cryptocurrency with smart contracts functionality.
According to DGBWiki, DigiByte has a 15-second block time, real-time difficulty adjustment, and fail-proof security. It’s the first blockchain network to fork from a single PoW algorithm to multi-algorithm mining.
Every month, the #DigiByte that miners get as a block reward is decreased by 1%. This gives $DGB a very smooth supply curve, rather than a "halving" event every few years.
— DigiByte (@DigiByteCoin) October 14, 2021
That’s not all, DigiByte has also implemented various cutting edge features in recent years, including SegWit, odocrypt, and DigiShield technology which has also been tapped by other projects including Dogecoin and Ethereum.
As reported by BTCManager on September 12, 2021, DigiByte is putting preparation in top gear to expand its ecosystem to include a metaverse with NFTs promoting the self-sovereignty of both enterprises and consumers.
At press time, the price of DigiByte’s native DGB token is sitting around $0.048, with a market cap of $718.29 million, as seen on CoinMarketCap.