Madini integrates with VeChain protocol to increase reliability and sustainability in Africa’s mining industry.
Blockchain VeChaThor will enable meta transactions on Madini’s platform
The Madini Decentralized Marketplace has been
ble to record the history of its products so that its customers and other interested parties can verify their authenticity. Users will be able to use:
Multi-task Transaction (MTT) Multi-function atomic transactions allow developers to batch payments, add multiple calls to different contract functions into one transaction and determine their sequence. Controllable Transaction Lifecycle With BlockRef and Expiration transaction fields, users can set the time when transaction is processed or expired if not being included in a block.
In addition, VeChain’s blockchain will enable meta transaction features. Thus, market users will be able to make multi-use transactions, transactions with controllable life cycles, dependency transactions. The added features will make the user experience more “user friendly”.
The platform will also have a Madini token (MDN) for users to manage transactions, tokenize assets, and send remittances. These functions will be part of the Madini Ecosystem for decentralized applications (DApps).
By leveraging VeChainThor, this ecosystem will provide tools such as the possibility of taking a mineral, tokenizing it, and managing it through the Madini wallet. The token is a key piece in, as the team behind the platform states, “responding to inefficiencies in the existing financial system” by connecting individuals to the “global digital economy”:
The immutable data on the blockchain enables companies to increase the efficiency of compliance review, government supervision, logistics and supplier evaluation and more. Companies will also gain access to world leading third-party services through the VeChain global partner network, including PwC and Deloitte, and more (…).