Taiwan’s First Blockchain Experiment to Economy Proves to Be a Major Success

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The Airline and Life Networking Token (ALLN), a blockchain of aviation and tourism industry created by Huafu Enterprise Holdings Limited and announced back in April 2018, has proved to be a major success, making it an unprecedented case in Taiwan’saviation, tourism, and economic industry, the company behind the technology announced in a press release on November 7, 2018.

ALLN Networking Token: The World’s First Airline and Life Blockchain Asset

Created by Huafu Enterprise Holdings Limited, one of the leading tech companies in the world of the blockchain, the Airline and Life Networking Token (ALLN) was one of the first blockchains of aviation and tourism ever created.

Announced back in April 2014, the project has already proved to be a significant success, not only for Huafu Enterprise Holdings but also for the entire country of Taiwan, which continues to lead the way among its Asian peers when it comes to blockchain adoption.

According to a November 7, 2018, press release from Maxonrow, the success of the ALLN token is reflected in the number of records broken by the project. The company stated that the ALLN was the first aviation tourism digital asset to partner with Southeast Asia’s biggest digital asset exchange MBAex, as well as the first token to collaborate with Maxonrow.

Other thresholds have also been broken by the project, including the Far Eastern Air Transport Corporation becoming the first aviation company in Taiwan to use blockchain in the real economy and be in alliance with the biggest blockchain incubator in the country, M.O.B.C.

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Industry Leaders Quick to Adopt the ALLN Token

Founded in 1957, the Far Eastern Air Transport Corporation (FAT) is Taiwan’s first aviation company. Shortly after its founding, the company also became the first airline to offer flights to Mainland China.

Huafu Enterprise Holdings Limited Chief Operating Officer, Tseng Chin-Chih said:

“Now that we have Huafu’s ALLN Networking Token set into action, we are once again pioneers in the world of aviation tourism by applying blockchain technology to the real economy. By setting this example, we look forward to more corporations to join and lead Taiwan’s economy into the next era.”

According to the Maxonrow release, FAT is not the only major Taiwanese company the ALLN Networking Token is forming alliances with. ALLN has reportedly built partnerships with Southeast Asia’s biggest digital asset exchange MBAex, the world’s biggest blockchain incubator M.O.B.C., and Maxonrow.

Maxonrow’s CEO for the Asia region, Jin Tai, called the ALLN Token “a turning point for Taiwan’s economy,” and that the company is looking forward to further implementing their unique KYC mechanism into the real economy.