The blockchain-based project of IOVLabs dubbed RSK, has announced the acquisition of Taringa. Both companies will be integrating RSK and RIF tokens in their day-to-day operations. The RSK technology on which the tokens will be based will allow peer-to-peer exchanges, decentralized applications, and content sharing.
Blockchain Implementation in LATAM Social Media
Taringa reportedly has over 70 million monthly visitors and more than 17 million registered users. By entering this deal, IOV Labs is looking to introduce its blockchain-based products to the vast userbase of Taringa and to further stimulate mass adoption for the technology.
By using the RSK network, which relies on Bitcoin’s hash power, the company assures the safety and security of its users. RSK will receive lots of feedback and information by Taringa’s large user base to distribute new decentralized apps and infrastructure.
The idea behind the partnership between the two companies is to implement RSK and RIF tokens on Taringa’s network. By using these tokens, which are based on RSK technology, the new partnership will provide social media users with several new options.
The tokens will enable users to participate in many of the communities on the social network by sharing content. They can also be used in the marketplace for decentralized applications to offer their services, and products and as a direct peer-to-peer token exchange method. The CEO of Taringa, Matias Botbol, commented on the matter:
“We are very excited about joining forces with the creators of RIF and RSK, as we truly believe that our users and communities should benefit from the contributions they make to our social network. We are already building our first tool to allow Taringa users to get rewarded by being active participants in their communities. Once this is in place, we envision adding more features, including peer-to-peer token exchanges, a marketplace for other dApps to start offering products and services to our users, and more. Our ultimate goal is to create a new open, decentralized Internet that respects an individual’s freedom of speech and privacy”
Further Blockchain Mass Adoption
Possible signs for mass-adoption have been coming from several different sources as of late. This includes a comprehensive educational Bitcoin infographic from the Bank of China and CNBC replacing the CAD tracker with Bitcoin as well. The announcement from IOV Labs and Taringa is supposedly heading the same way. The CEO of IOV Labs, Diego Zaldivar, expressed his opinion on the deal and future blockchain adoption:
“Blockchain is a powerful technology, but it needs mass adoption to create meaningful value. This acquisition puts us at the forefront of adoption in distributed LEDGER technologies. Having access to such a large community will also be invaluable for gathering quick feedback from users of all the RIF-powered tools and protocols we are launching in the near future. We see Taringa as the first step towards massive adoption of both RSK and RIF platforms, and a great step forward for our long term vision of empowering individuals through decentralization.”
