A tech company based in San Francisco, Pubinno (that utilizes cloud computing, robotics, and artificial intelligence venues to construct the “Internet of Beer”) has presently incorporated the payment infrastructure of BTC (Bitcoin) into the system thereof.
Bitcoin payments were accepted by Pubinno through Lightning Network. With the use of wallets that support Lightning Network, members could get their exclusive beer only after some seconds of the transaction’s completion through QR code scanning. As per Volkan Dogan – the Creative Director of Pubinno – the establishment of the Smart Tap system took place in 2016 with the deployment of blockchain technology for connecting the draft beer’s future with transactions’ future.
He elaborated the impact of blockchain over his choice to initiate the payments through Lightning Network. In his words, they operated on Lightning Network as it relies on the core blockchain technology. With its usage of real transactions of Bitcoin as well as the local language for scripting smart contracts, it will possibly manufacture a protected network of members who can transfer high volumes along with rapid speed as well as low gas charges.
The creation of the Lightning Network occurred in 2015 to solve the scalability issue of Bitcoin. It Permits for off-chain transfers among nodes to be established over the blockchain afterward. With this, a huge quantity of transfers can conveniently be processed without the need of mounting load over the blockchain, permitting instant payments and micro-transactions.
As Dogan puts it, the benefits of the Lightning Network enable the owners to be recompensed in just a matter of seconds without any commissions along with the self-serve competence of the Smart Tap system to potentially save a lot of labor costs as well as funds. On being enquired about their intention to take account of the rest of cryptocurrencies as a means of payment over the Smart Tap system, Dogan responded that this will depend upon several variables like speed, transaction cost, usage frequency, as well as scalability.
He explained by specifying that their direction will be determined by them in line with the industry’s adaptation over time in terms of infrastructure development of blockchain. Some feasibility studies would additionally be organized by them regarding Pubinno tokens’ advancement. He stated that a period of thorough digitalization has begun across the world and the blockchain is being rapidly evolved with Bitcoin as the primary crypto token contributing to this.
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