Colu
Create Local Currencies for Smart Economies
Basic facts
Colu is offering tools to issue local digital currencies utilising bitcoin blockchain technology. Their vision: „Through the use of local currencies, more people shop local, eat local, buy local, and live local, strengthening the local economy, and keeping the control of money in everyone’s hands. With a strong and inclusive local economy people feel more connected to one another, increasing social responsibility and social capital.“ Source: Colu website
Why Blockchain?
Colu SDK is a fully decentralized solution that gives you the functionality of managing digital assets (issue & send), handles bitcoin addresses (hdwallet), it uses Colu Engine for funding all transactions, automatically sign and writes all transactions to the bitcoin blockchain, and reads all digital assets data. All private keys are stored at the SDK (i.e. at the client side), which makes it highly secure, and all cryptography signings are done by the SDK with fast execution. Source: Colu Website
Additional sources
YouTube
Note
This site just shall give you a first impression of the depicted application. Please contact us, if you are interested in a detailed analysis of a specific use case or branch.
