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So all in one App there could be sub catagoriesId verificationCovid19 statusProof of qualificationsMaybe they can check for a criminal record aswell that would save a lot of time.
You missed out this bit :
Following the completion of the pilot at the end of October 2020, which is not expected to generate any revenues for the Company, a market analysis review will be undertaken to ascertain the commercial viability of deploying the Company's technologies across the region via Afrik-ID. Should this be favourable, the Company will seek to enter into a commercial arrangement with Afrik-ID.
No revenues and four months to prove it works?
Why not test in uk/europe or does it not meet regulations?
Genuine questions.
GL.
Lots of speculation here??? But seeing as that’s what you are doing:
Maybe they are in discussion with uk gov and they haven’t reached an agreement yet?
Just because that’s the first doesn’t mean others are not happening.
Yet the rns says commercial agreement. So the intention is there for it to be commercial.
It also says no revenues.
It may work I dunno but first test in the middle of knowhere is not where I would start if I was confident.
GL.
This SP could go anywhere.
Facebook used to say "always free" Then it closed my account and made it a business page and now charge and get a lot of money off of me and many others. At least CTEA are telling the customers its commercial from the start..
This is very standard in tech.. Deploy, get users, charge.
Can’t see this dropping below current support at around 7p. Steady climb through as news drops in on opportunities.
Covid is not going away and businesses need assurance they will not be affected by a local lockdown, therefore an app is the perfect tool with clear management dashboard.
No brainer to me with tiny mcap.
"The Market" has been at AMGO all morning.
3 key factors to understand:
Technology and App usage is normal and every day for most people in the world now
Companies want better ways to manage both their staff and customers
Governments want better ways to manage people and ID
CTEA now has got 3 products that cover this.
The big bit is the GDPR compliance and using blockchain to be more secure and faster.
The big USA tech firms will love this and could easily see an acquisition as its quicker and cheaper than doing it themselves.
And scaling an App is easy. With GDPR compliance Apple and Google would put this top of their app stores and there you go visibility by Billons of people.
Also add of other job roles in companies that will be currently mandated to role out solutions like this in these new times: HR, Finance, CEO etc...
The market will drive adoption fast.