DG Lab DVEP™
Digital Value Exchange Platform
DG Lab DVEP™ is a framework that can issue assets on blockchain. It was developed based on Elements, a basic blockchain technology created by Blockstream, which is a company known for their large number of Bitcoin core engineers. It ensures the security and confidentiality of the Bitcoin blockchain. DG Lab DVEP™ enables decentralized implementation of point/e-money issuance, management, exchanges, and payments while maintaining high reliability, enabling various businesses to quickly, inexpensively, and securely build applications on the same blockchain. DG Lab is collaborating with DG Lab partners, point providers, and local governments through DG Lab DVEP™.
Point Exchange and Payment
Using DVEP framework, we have conducted a PoC that enables exchanging various assets in real-time and settling those assets. As an extended function of DVEP, we developed a Wrapper to connect with the external database and an SDK to simplify mobile app development. These functions enable real-time exchange between multiple types of loyalty points which issued on the blockchain, and request the addition/subtraction process to the external database through the API. We will continue to develop new use-cases in other fields such as e-money and B2B settlement.