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Irish Tech Pioneers Revolutionise Dubai’s Nightlife with Web3 Loyalty App

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Two Irish tech & marketing veterans have taken on the enormous feat of recreating how the nightlife & the hospitality sector in Dubai will operate forever, creating Dubai’s first Web3-powered, full-stack loyalty & rewards app, built entirely through their advanced blockchain & web3 technology understanding & expertise.

Follow along as we break down just how Irish Web3 mogul Mark Gray & marketing veteran Michael Coyle have gone on to create what we believe will change how the hospitality & nightlife industry will thrive not only in Dubai, but across the globe.

Both Mark & Michael set out to build Passportv3 on one simple (yet until now unanswered) issue in the hospitality & general commerce space; the evergrowing decline of how outdated & steadily declining Loyalty & Reward programmes have served consumers across a myriad of sectors, in particular the hospitality & leisure space.

The idea came about following the guys looking to solve two issues they had identified – firstly, the fact that there should be one platform which everybody can use to book their activities, events & lifestyle habits in Dubai.

Secondly, the founders saw that the NFT market collapsed due to the fact it was driven by hype instead of real-life utility. Therefore, they embarked upon a quest to develop a project where the owners of their NFTs experienced a huge amount of benefits in real life – focusing on blending private members clubs with loyalty programmes.

Enter Passport – the NFT-based membership with the most real-life utility possible.

What is Passport?

Passport is an app that consists of a digital wallet where currencies such as AED, USD & GBP can be stored, along with hundreds of different cryptocurrencies.

The wallet includes a feature for users to pay for goods or services in crypto, along with exchanging their currencies in real time, and buying more. With many exchanges making it difficult to buy crypto & convert into USD or AED – it’s a welcome addition to the Web3 space.

So once users have added currency to their wallet – they can then use this on the fully-fledged marketplace that has been built into the app, which is starting with bars, restaurants, brunches, activities, yachts & more. Essentially everything you want to do in Dubai is all contained in one place on this app.

What does the membership consist of?

Everybody can use the app – but should you decide to purchase a membership (your DXB Passport), this is where things get interesting. The reason for this is that the memberships are based on NFT technology, with only 10,000 being produced, and only 10,000 ever being able to experience the benefits.

The benefits include access to exclusive events, discounts on tables & experiences, priority booking, and cashback in the form of the native PASS token, which is built on the Ethereum blockchain.

And when you no longer need the membership, for example you are leaving Dubai – you can sell it onto the next person arriving in who needs it.

As an example – you’re visiting Dubai on a holiday, and you spend $200 to pick up a Dubai Passport. Your two-week holiday to Dubai costs $4000 including hotels, transport, eating out & attending events, and doing the usual activities of jet skiing or a yacht party.

Your Passport will save you an average of 10% of this – $400 – leaving you in a net profit of $200. But when your holiday comes to an end, you simply put it up for resale on the platform & recoup your initial $200. That excludes the cashback earned in the form of the crypto token, which can be converted into AED or the currency of your desire using their wallet functionality.

And of course – the guys have their eyes set on other cities immediately.

How can I download Passport?

Passport will be available on the iOS & Android stores at the end of September, with the Dubai launch scheduled for Halloween.

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Finance

Australian Consumer Confidence Reaches 20-Month High

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Household budgets are still under pressure but green shoots of optimism are starting to sprout in the consumer sector.

Consumer confidence as measured in weekly and monthly surveys has been stuck deep in the doldrums as interest rates went higher and cost of living pressures intensified.

However modest improvements have been logged in recent months, coinciding with convincing progress on inflation and talk of interest rate cuts.

The March update of the Westpac and Melbourne Institute monthly survey, which is due for release on Tuesday, hit a 20-month high in February but was still below the 100 neutral mark.

Since then, consumers have observed a mixed bag of data, including a return to real wage growth – but only just – and a gloomy report card for the economy in the December quarter.

Also on Tuesday, National Australia Bank’s business conditions gauge for February is scheduled.

The private sector has proved resilient in the face of economic headwinds but the January update revealed waning momentum.

The business conditions gauge, which captures profitability, hiring movements and sales activity, broke a two-year streak of above-average conditions over the month, falling to just below that threshold.

At the same time, confidence in the business sector improved a little but was still below the long-run average.

Data on the total value of residential dwellings is also due from the Australian Bureau of Statistics on Tuesday, as well as a speech from Sarah Hunter, Reserve Bank assistant governor (economics) at the AFR Business Summit.

More insights into the consumer will be released on Wednesday, with Commonwealth Bank’s report on household spending due.

Monthly business turnover is also slated from the ABS on Wednesday, and then overseas arrivals on Thursday.

Meanwhile, the Australian stock market is expected to dip on Monday, after Wall Street ended narrowly weaker on Friday amid profit-taking by investors.

The decline followed a US labour market report that showed more new jobs than expected were created in February while the jobless rate rose to 3.9 per cent.

The US S&P 500 index lost 32.99 points, or 0.64 per cent, to end at 5,124.37 points, while the Nasdaq Composite lost 185.22 points, or 1.14 per cent, to 16,085.11.

The Dow Jones Industrial Average fell 66.28 points, or 0.17 per cent, to 38,725.74.

The soft finish led Australian share price index futures 47 points lower to 7811, paving the way for a softer start to the trading week.

On Friday, the local bourse closed above 7,800 points for the first time, on signals that interest rate cuts in Europe and the US could happen sooner rather than later, giving investors hope the Reserve Bank of Australia could follow suit.

The S&P/ASX200 finished at 7,847.0, up 83.3 points, or 1.1 per cent for the day and up 1.3 per cent for the week.

The broader All Ordinaries climbed 80.8 points, or 1.01 per cent, to 8,107.5.

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TransPerfect Legal Wins 2023 Legal Tech Award

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TransPerfect Legal, a global provider of eDiscovery and litigation support solutions, has received Australasian Lawyer and NZ Lawyer’s 2023 Service Provider Award within the legal technology and eDiscovery category for the second consecutive year.

Australasian Lawyer and NZ Lawyer’s Service Provider Awards spotlight legal providers that are delivering the industry’s most effective and transformative solutions across legal technology, legal services, litigation support and consulting, recruiting, staffing and outsourcing, and ADR and mediation.

TransPerfect’s first Australian office opened in Sydney in 2007, with a dedicated TransPerfect Legal support team, servers, and forensic lab added in 2019. In response to the office’s rapid growth and the high demand for TransPerfect services in Australia, the company later added a Melbourne office. TransPerfect Legal was also named Australasian Legal Service Provider of the Year by Australasian Lawyer, and honoured as a 5 Star Service Provider by Australasian Lawyer in 2022.

TransPerfect President and CEO Phil Shawe commented, “We are proud to be recognised by Australasian Lawyer and NZ Lawyer. Credit for this award goes to our team of eDiscovery professionals and their unwavering commitment to our clients.”

About TransPerfect Legal
TransPerfect Legal is a global leader in legal technology and support. Founded in 1992, TransPerfect Legal has offices in 120+ cities across six continents and offers a suite of services and technologies to Am Law 200 and Global 100 law firms as well as corporate legal departments. Solutions include forensic technology and consultinge-discovery and early data assessmentmanaged review and legal staffinglanguage servicesdeposition and trial support, and paper discovery and production, all offered alongside the Reef Technology ecosystem, TransPerfect Legal’s suite of proprietary applications that address the needs of legal and regulatory practitioners around the world. www.transperfectlegal.com.

About TransPerfect
TransPerfect is the world’s largest provider of language and technology solutions for global business. From offices in more than 100 cities on six continents, TransPerfect offers a full range of services in 200+ languages to clients worldwide. More than 6,000 global organizations employ TransPerfect’s GlobalLink® technology to simplify the management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com

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Annature and AccountKit Unveil Groundbreaking Integration, Revolutionising eSignature Processes for Accountants

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Annature, Australia’s leading eSigning provider, in partnership with AccountKit, the premier compliance automation platform in accounting software, is thrilled to announce a revolutionary integration designed to modernise and streamline the eSignature process for accountants and bookkeepers.

This innovative integration directly connects AccountKit with Annature, allowing for the seamless transmission of documents and associated recipient information—such as eSigner names, contact numbers, and email addresses.

Key Features of the Integration:

  • Streamlined Efficiency: The integration eradicates manual data input, freeing up valuable time for professionals.
  • Enhanced Accuracy: By minimising human errors associated with manual data handling, the integration ensures greater precision in document processing.
  • User-Friendly Interface: Professionals can now manage and authorise documents within a unified platform, enhancing user experience and satisfaction.
  • Robust Security: The integration guarantees the protection of sensitive financial data throughout the transfer and eSignature process.

Corey Cacic, Annature CEO, stated: “This integration is a huge advancement for the industry. The hassle of manually moving data between systems has always been a drain on productivity. This seamless integration allows professionals to concentrate on their core tasks while reducing administrative overhead. I’m thrilled about the new levels of efficiency and precision this will introduce.”

Paul Murray, Co-founder of AccountKit, added: “This partnership is a transformative moment for our user community. We continually strive to augment our platform and simplify our users’ lives. Teaming up with Annature has enabled us to achieve just that.”

The integration is currently available in BETA as of December 2023 for all Annature and AccountKit users.

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