Yuan Chain’s Strategic Positioning: Public Chain+Private Chain, Realizing Value Transfer-ability
Blockchain is a new generation of internet based on value, it allows entities to transact with no risk, whilst intermediary is not needed in the process. Information and transaction data in forms of personal information, business contracts, warehouse receipts, property rights, and a serial of events can be recorded on blockchain and are tamper-resistant. Without relying on a trusted third party, the nature of blockchain empowers individuals and enterprises to gain credits simply by using this public ledger which is transparent and irreversible. In this manner, creditable individuals or enterprises will get access to cheap funding and other social economic resources easily and conveniently.
Nevertheless, the business adoption of blockchain technology faces three blocking stones: commercialization viability, development team scarcity and blockchain security problem. Yuan Chain strives to overcome the three blocking stones by providing SaaS (Software-as-a-Service) to individuals and enterprises who desire to make blockchain viable in their business applications but do not necessarily have all the elements to do so. Yuan Chain support users and eliminate the technical barriers for them, in addition to that, users will save substantial research and development costs.
Ethereum introduces programmable blockchain which is well-known, when they open source code and API, many developers are attracted to participate, thus building an Ethereum ecosystem that we’ve acknowledged today. However, if you want to build applications on Ethereum platform, you will need to set up a development team which is costly and difficult.
Yuan Chain benchmarks Ethereum, but Yuan Chain is not a replicate of Ethereum. Not only Yuan Chain develops its own bottom architecture of blockchain technology, it also develops blockchain applications in different industries. Yuan Chain adopts a combination of public chain and private chain, helping corporations and individuals to realize blockchain applications, and further to build Yuan Chain ecosystem, which is supported by a group of well-trained developers.
On a corporate level, we attempt to set up a combination of private chain and alliance chain since firms needs to protect their privacy and achieve high performance at the same time. Public chain can hardly meet their requirements from that perspective, however, when different private and alliance chains interface, a public chain is needed to set up a bridge between them and that is when Yuan Chain comes in. YCC represent the intrinsic value of Yuan Chain as a public chain. Ethereum builds its ecosystem from top to bottom while Yuan Chain does so from bottom to top. Both Ethereum and Yuan Chain aims to build blockchain ecosystem, but they deploy in a different strategies.
Because Yuan Chain combines Hot Replacement Smart Contract, Cross-Chain Information and Value Communication and some other technologies, while focusing both at public and private chains. This ensures Yuan Chain provides SaaS in various business and industrial scenarios.
1. Supply Chain Finance: Bill Financing, Credit Financing, Receivable Financing, and Warehouse Receipt Financing.
2. Global Membership Points Alliance: Built on Public Chain and Permissioned Chain.
3.Blockchain Management in Supply Chain Management: Product Ordering, Designing, Procurement, Manufacture, Delivery.
4.Industrial Bot 4.0 Blockchain Safety Command System.
5.Real Time Financial Accounting System: Asset and Liability Record onto Blockchain.
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https://t.me/yccorg
