Though there have been too many articles explaining the charm of blockchain technology, it is actually impossible to replace all the systems of transactions, smart contracts, credit and other business with the so-called distributed technology. Taking this technology as a complementary service, which means gradually adding distributed functionalities and properties in the existed systems, will be a wise option.
Ti-Blockchain is such a chain focusing in developing public blockchain ecosystem outside the existing blockchains. It combines the advantages of Ethereum and storj, aiming at solving problems in financial sector and making use of the unused network storage. It will be used in finance, education, health care and many other fields, for security, source tracing and information sharing.
A trusted business ecosystem in finance
Ti-Blockchain will build a trusted business ecosystem for investors, companies and regulators. The investor can review the financial documents such as balance sheet, income statements, cash flow analysis etc. posted on the Ti-[Suspicious link removed]panies can leverage the Ti Blockchain to post documents such as white paper, budget, milestones of code development, governance structure and financial statements, for interested investors to review. In future version of Ti-Blockchain, the documents will be checked and reviewed by a smart contract program for compliance.
https://farm5.staticflickr.com/4473/37403463544_51394432b1_m.jpgTi-Blockchain also support Asset Backed Securitization (ABS). An asset-backed security is a financial security backed by a loan, lease or receivables against assets other than real estate and mortgage-backed securities. For investors, asset-backed securities are an alternative to investing in corporate debt. As a financial innovation, ABS witnesses a rapid development in recent years at home and abroad, and in some countries is quite common.
At present, more than half of the US housing mortgage loans, more than three quarters of the car loans are provided by the issuance of asset-backed securities. The biggest advantage of ABS is that it not only reduces the financing threshold but also provides the liquidity of the asset from the issuers’ point of view. For investors, it can break the investment limit, reduce the risk and raise the profit.
In helping ABS, Ti-Blockchain will ensure that all the securities issued is open and transparent. The standard and open credit rating, helps both the issuer and investors to identify credit risk of asset securitization. Meanwhile, by symbolizing credit risk of the Internet platform and product, it is not only more conducive for investors to determine investment, but also helps regulators to monitor credit risk of asset securitization.
Intelligent storage of Ti-Blockchain in education and health care
In addition to provide on-chain storage for immutable documents to protect investors, Ti-Blockchain can also provide the decentralized storage space for consumers, and for business users as well.
For individual consumers, Ti-Blockchain can be used as a digital safe, the consumer can upload the document encrypted on the blockchain. No one else can decrypt the document except for the person who uploaded the document to the blockchain. Technically, this is easy to implement leveraging public and private key pairs. The user encrypt the document using public key. Due to asymmetric property of the public/private key pairs, only the person who holds the private key can decrypt the document. As such, no one else, including Ti-Blockchain can decrypt the document.
For business users, Ti-Blockchain can be used as collaborative space for user to work together on a single document. The access control smart contract can be deployed to allow only users who have the actual privileges to see the documents.
In education
https://farm5.staticflickr.com/4506/24260283598_6d4fb234bc_m.jpgStorage and managing of student information and profile has long been an exhausting task. The information and profile needs updating every now and then, and those files are needed on various occasion, like applying for further study abroad, a new job, transferring to a new school, etc.
Storing all the related information and files on Ti-Blockchain will help make the whole picture clear and easy. It will not only prevent manipulation of key information like students’ grades or certificate, but also provide convenience for those who have access to update information and those who need to check for validation.
In health care
https://farm5.staticflickr.com/4467/37403577654_2b63a0459f_m.jpgWith development of economics, people are paying more attention to their health. However, the rapid development of health care industry comes with a lot of concern for health information security, since such information often involves much privacy. And on the other hand, shortage of medical strength calls for the sharing of patients’ information between different hospitals and health institutions, to save unnecessary and repeated check.
Ti-Blockchain can be used for the secure storage of such health information, recording health condition and medical history on blockchain, enabling permitted hospitals and institutions to share those information safely, for better treatment of patients.
In addition, such information can be used for related companies, such as insurance institution and companies, to save patients from the trouble of collecting all the materials for reimbursement. Other industries like gym, nursing home can also make use of these information, providing more accurate and appropriate advice on how to keep fit.
Besides the aspects mentioned above, Ti-Blockchain has been working on product source tracing and social network (TV-based, the token on Ti-Blockchain).
Blockchain is not the key to every problem that remains to be solved, but surely, Ti-Blockchain will help find the answers in a better way.
