After launching the largest ICO that has been seen in the Blockchain sector, Telegram is working on the creation of solutions for its TON (Telegram Open Network) platform, the company's decentralized network that has promised to provide more efficient transactions than of Bitcoin or Ethereum.
Proof of this has been given by the Russian media Vedomosti, which has revealed that Telegram has developed the first service that will be part of TON. According to sources familiar with the company, this service will be called Telegram Passport, and will allow users to store their personal data on the platform so that they can be transferred to associated services. Apparently, this service will be launched from June.
Last January, the White Paper of the Telegram ICO was leaked, where the TON platform was first known. The company managed to raise with this offer about US $ 1.7 billion, coming from a greater extent of institutional and accredited investors. In fact, the Telegram ICO was never public, and was carried out through two pre-sale rounds.
As we have said before, TON would be based on a completely new economy, which according to Telegram, will be based on the goods and services that will be commercialized with the cryptocurrency. It will be a universal ecosystem that will involve all kinds of products, and will be backed by Gram, the cryptocurrency of the company.
Gram is expected to be used by millions of people around the world, and given the success of the ICO of the Russian company, it will not be so difficult to achieve. Currently, Telegram is one of the most popular messaging applications in the world, and the company's credibility has been strengthened in recent weeks after its executives refused to give the Russian government access to the encrypted conversations of its users.