Author Topic: Finland launches bitcoins-by-air pilot project  (Read 1516 times)

Eliphaz Fimk on: July 11, 2014, 10:09:15 AM

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Finland launches bitcoins-by-air pilot project

Finnish quasi-national cryptocurrency FIMKrypto has struck a partnership deal with Koodilehto, a Finnish software company, in order to launch world’s first development project that aims to broadcast cryptocurrency transactions through national TV broadcast network in real time.

The technology, coined Kryptoradio, enables merchants and consumers to receive real time P2P network transaction data with any standard Digital TV device and custom software without the requirement of Internet or mobile network connection.

The broadcast transaction data consists of Bitcoin and FIMKrypto transactions, which are encoded and forwarded to the network of Digita, the Finnish national terrestrial TV operator. The broadcast covers 95% of the Finnish territory of approx. 5 million people. The technology, once completed, will be portable to other countries worldwide.

The pilot broadcast project starting from September 1 lasts two months, after which commercial production phase is planned to begin later this year.

FIMKrypto (FIMK) is a cryptocurrency launched in early July by non-profit association Krypto FIN ry. Prior to FIMK’s launch the association received 533 Bitcoins (approx. 250 000 EUR) in donations from domestic and international donators. The association coordinates the FIMKrypto project and organizes a national basic income plan paid in the cryptocurrency.

More information:

http://kryptoradio.koodilehto.fi/
http://fimk.fi

Eu_RU #1 on: July 11, 2014, 12:07:43 PM

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Really great news/ You will be great if you implement it. Good luck!

kani #2 on: December 04, 2014, 03:44:14 AM

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Disappointed to see this quote from http://kryptoradio.koodilehto.fi/

Quote
Our co-operation with Krypto Fin ry has ended. This means that the cryptocurrency FIMKRYPTO is no longer transmitted. The deal was originally for two months so nothing dramatical here.
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Eliphaz Fimk #3 on: December 04, 2014, 08:12:42 AM

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Our co-operation with Krypto Fin ry has ended. This means that the cryptocurrency FIMKRYPTO is no longer transmitted. The deal was originally for two months so nothing dramatical here.
We considered it would have been waste of resources to continue paying thousands of EUR for transmitting FIMK transactions in format nobody can read, as there are no devices available - especially while Kryptoradio is doing the transmitting anyway to proceed with their hardware development. Our contribution by enabling the start of the project, getting transaction data in the air and offering the opportunity for people to see what's possible was significant, and all doors are still open there.

We did ask for an offer of a FIMKRYPTO merchant device utilizing the technology, but like they state in the announcement they have been a bit slow lately with the whole Kryptoradio.