13:47:38 EDT Wed 15 May 2024
Enter Symbol
or Name
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Global Compliance Applications Corp
Symbol APP
Shares Issued 227,142,499
Close 2023-05-25 C$ 0.01
Market Cap C$ 2,271,425
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Global Compliance releases Efixii Uplift app

2023-05-25 07:49 ET - News Release

Mr. Brad Moore reports

GCAC ANNOUNCES THE LAUNCH OF EFIXII UPLIFT

Global Compliance Applications Corp.'s groundbreaking Efixii Uplift app is now available on both the Apple and Android app stores.

The couponing market in the United States has seen significant growth, driven by the increasing adoption of mobile devices and on-line shopping. With U.S. shoppers redeeming $3.1-billion in coupons in 2020, the market presents a substantial opportunity for engagement and savings. Uplift is poised to seize this opportunity by leveraging the Efixii blockchain and new smart contract capabilities to revolutionize consumer interaction and traceability across multiple industries.

Uplift heralds a new era in customer loyalty and rewards programs, with its unique non-fungible token (NFT) coupon feature. Brands issue unique, blockchain-based coupons as NFTs, offering consumers claimable cash discounts on a diverse range of products and services. These coupons can be redeemed at participating retailers, driving increased footfall and consumer engagement.

"Uplift is more than just an app. It's a revolution in consumer engagement, brand promotion and product traceability. We're incredibly proud to be at the forefront of this shift, paving the way for a more decentralized, transparent and customer-centric future," says Brad Moore, chief executive officer of Global Compliance Applications.

The launch of the Uplift app underscores the company's vision for a future where blockchain technology becomes integral to everyday consumer interactions. By creating an innovative platform that caters to digital-savvy consumers, Global Compliance is leading the shift from traditional digital couponing to a Web 3.0 blockchain-enabled model.

A noteworthy application of the Uplift coupon program is the Citizen Green project, which provides military veterans with coupons for discounted medical cannabis, making essential health services more accessible to those who have served.

Mr. Moore concludes: "With Uplift and the Citizen Green project, we're not just talking about potential -- we're showing real-world applications of blockchain technology. We're thrilled to offer solutions that drive business growth while also making a positive impact on our communities."

About Global Compliance Applications Corp.

The company is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Its leading solution is Efixii, an ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer 2s, such as Polygon. It can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. It created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (environmental, social and governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. It works in many agricultural industries providing a value-added blockchain offering through a cost-effective software-as-a-service licensing model.

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