Token X Co., Ltd., is a subsidiary under the SCBX Group, has reaffirmed its slogan of being a tokenization success partner for corporate clients. Tokenization for voting for BNK48's recent Senbatsu General Election for its 12th single is an example of a recent successful case of blockchain technology and digital token use by the entertainment industry. It was a new experience for supporters, allowing them to vote for the 12th single Senbatsu of girl idol groups BNK48 and CGM48 (sister groups) in the 3rd General Election. Token X as a technology provider partnered with Independent Artist Management Co., Ltd. (iAM), the agent for the girl idol groups, to develop a ready-to-use utility BNK Governance Token allowing supporters to vote via blockchain technology for the first time. The new user experience aims to generate transparency and traceability. Users can trace transactions by themselves on the TKX Chain blockchain network.
Token X Co., Ltd. (Token X) Chief Operating Officer Rujipol Virochpoka said, "The supportive response to voting for BNK48's third General Election for the group's 12th single Senbatsu furnished major proof of the potential of applied blockchain technology and digital tokens beyond the financial industry. In the entertainment industry for example, Token X as a technology provider has partnered with Independent Artist Management (iAM) to develop a BNK Governance Token, a ready-to-use utility token, allowing supporters to vote and buy merchandise items as specified by the company on the iAM48 application via blockchain technology for the first time. The new seamless experience aims to generate transparency and traceability. Users can trace transactions by themselves on the TKX Chain blockchain network also developed by Token X. This case has successfully introduced an all-round blockchain technology and digital token user experience to the wider public."
The event gained a very warm response from supporters of the girl idol groups as it reached second place trending on Twitter globally and was the top trend on Twitter in Thailand. The launch of ready-to-use BNK Governance Tokens for supporter votes for the first time saw a huge number of 1,093,074.36 tokens used for voting with 68,279 transactions and 11,475 wallets. This was a big step toward bringing a new seamless experience to users and to add business value and explore new business opportunities in the future.
"This successful use-case has reaffirmed Token X's slogan of being a "tokenization success partner" for Thailand's leading corporate clients from various industries. We provide end-to-end tokenization services covering tokenization consultancy and business planning and technology development planning for blockchain and other related technologies to explore new business values and opportunities the future world has to offer." Mr. Virochpoka added.
To learn more about the BNK Governance Token, visit https://www.bnk48.com/bnktoken/