With 2021 being a brand new interval for expertise, the digital business is acknowledged as coming into the brand new good economic system period of “technological and enterprise mannequin innovation”.
On this period, the usual for individuals to have a look at issues won’t solely be “technical innovation” or “enterprise mannequin innovation”, however whether or not the place between the 2 can produce actual social efficacy and might create scarce industrial worth.
The identical may be mentioned for blockchain expertise. Many individuals have expressed issues about mining cash, issuing cash, and in addition storing them. Lots of their most important issues are targeted on “what actual industrial worth they will produce”.
To reply this query, what is required is the underlying technological breakthrough and glorious enterprise creativeness.
For instance, some individuals agree that an essential bottleneck within the mixture of blockchain and the actual economic system is whether or not there’s a mature cross-chain expertise. Though there are various choices for cross-chain expertise options, there are additionally huge variations in design philosophy, safety ideas, moreover, business consensus nonetheless has not been created.
The Glass Chain has been developed for 54 months. Though it has simply appeared on the stage of cross-chain options, attributable to its unbiased analysis and improvement of the primary chain + parachain structure. It achieves the clear division of labor between the primary chain and the parachain. It’s the final juncture of the mix of blockchain and the enterprise business. GLS is the motivation token used on this system.
Blockchain expertise with actual business worth will undoubtedly be the subsequent focus of the market’s scorching pursuit.
Half 1: The Macro-industrialized Blockchain is Welcomed
The event of the blockchain has at all times been accompanied by controversy, which illustrates the complexity of this market. For some blockchain firms that need to make life less complicated and higher by innovation, proving that they’ve actual industrial worth is a prerequisite. Consequently, the industrialization + blockchain monitor is being perceived in a optimistic mild and with reputation.
Briefly, the industrialized blockchain deeply empowers the enterprise business.
The truth is, blockchain, as a brand new technical means to reshape manufacturing relations within the digital economic system period, is consistently experimenting with varied industries for in-depth empowerment. Along with that, the event of business blockchain has turn into the consensus of the business. Increasingly more inquiries, initiatives, and situations proceed to emerge, which provides blockchain practitioners unprecedented confidence.
Nevertheless, one of many difficulties is that it isn’t difficult to make use of blockchain to unravel a single level drawback such because the traceability of tax-free items or as an illustration financial institution threat management. Nevertheless, whether it is to be built-in with the complete business, it have to be coordinated with the extremely advanced industrial construction of this business. A extra super-scalable cross-chain expertise is required.
For instance, the optics business is acknowledged as an enormous potential business, however this business is extraordinarily fragmented, underdeveloped, and sophisticated.
For medical doctors and sufferers, among the many three main ailments that have an effect on the standard of human life, ophthalmology ranks third, second behind malignant tumors, cardiovascular and cerebrovascular ailments. This proves that there’s a area of interest, a big demand for the service; however the answer doesn’t solely exist within the medical business. Throughout the system, completely different industrial characters together with glasses manufacturing, gross sales, power illness administration, and high-end manufacturing gear play their respective roles. Conventional blockchain expertise can’t be utilized in such a fancy industrial atmosphere.
It’s exactly due to the excessive fragmentation and complexity of the scene within the imaginative and prescient business that now we have not seen an actual imaginative and prescient business system constructed from the underside with the traits of vertical e-commerce. Most individuals additionally assume this business will proceed to fragment till the founding crew of Glass Chain seems.
Earlier than the looks of Glass Chain, the issue that researchers confronted was methods to rely the size and output worth of the optics business. Regrettably, till the time of writing this text, there may be nonetheless no estimate. To a big extent, this is because of the truth that varied statistical researches largely level to a sure subdivision, however there’s a lack of a world perspective on the “business” composed of these subdivisions. The shortage of this angle lies in the truth that the optical business can’t simply do “mathematical addition” it may simply rely the size of the business. Among the many completely different subdivisions to trace and the completely different individuals, some have an additive relationship, some have a multiplicative relationship, and a few cancel one another out. Subsequently, now we have unprecedentedly valued the that means of the Glass Chain innovation. It’s prone to be primarily based on distributed commerce, with the power to defragment. Whereas additionally, selling training, turning into fashionable, and integrating imaginative and prescient, by incentives. The top objectives will embrace: purchasers/customers develop good eye care routine, and promote the event of the business. We subsequently speculate that it could combine and scale to a trillion-dollar industrial worth, which is “integration” slightly than easy “mixture”.
As talked about earlier, Glass Chain’s breakthrough in cross-chain expertise has achieved a number of parachains parallel to the primary chain. Parachains have unbiased knowledge networks that don’t have an effect on one another and are inter-chain interoperable. Every parachain is related to one another. Capabilities may be expanded. Totally different parachains can run their very own knowledge, execute precise transactions, and run advanced good contracts, thus completely reaching the parallel execution of transactions.
Half 2: Worth –The True Distributed Enterprise
Distributed enterprise is at the moment a preferred matter within the subject of digital enterprise innovation.
Distributed commerce is a brand new kind of manufacturing relationship established by a number of communities of enterprise pursuits with equal standing. It’s organized and managed by preset clear guidelines, division of capabilities, alternate of worth, and joint provision of products and providers. Moreover, it shares the advantages of recent financial actions.
Singapore’s distributed enterprise innovation is synchronized with the world.
Dealing with the pure drawbacks of the centralized enterprise improvement mannequin would possibly improve distributed commerce by offering revolutionary possible options. Wanting on the business information previously one or two years, the dialogue of distributed commerce has turn into more and more intense and in-depth. For instance, blockchain-supported Trusted asset NFT can help SMEs to higher accomplish asset digitization, it additionally permits extra funders to take part within the cooperation of provide chain finance, and regularly solves the issue of financing difficulties for SMEs. These discussions have turn into the main target of consideration.
For the optical business, “cross-chain functionality” is the method, whereas “distributed enterprise” is the tactic, and the mix of expertise and technique is the longer term path.
As talked about earlier, the imaginative and prescient business could be very fragmented and naturally appropriate for distributed situations, whereas the maturity of the blockchain system and cross-chain expertise can help multi-party collaboration and improve mutual belief. All of which makes the previous “point-to-point cooperation” turn into “community cooperation”, and it lowers the brink for belief.
This makes individuals start to imagine that issues that had been initially primarily based on advanced, conventional, and centralized energy can’t be solved. However now that may be solved primarily based on blockchain expertise, additionally distributed commerce will assist the business proceed to discover mutual advantages and create win-win symbiosis.
Glass Chain is a product primarily based on this idea. The founding crew of Glass Chain has damaged by a number of blockchain programming technical issues by 54 months of onerous work and observe, and achieved one other main innovation in blockchain programming expertise, main the worldwide blockchain expertise to take a historic step ahead.
The Glass Chain created the primary block chain entity-level good contract set—Chain199-DeCom system, which helps the handy software of block chain expertise. By utilizing entity enterprises and efficiently accomplished the leap of distributed industrial blockchain from enterprise degree to industrial degree.
Glass Chain/GLS is simply the primary software on the Chain199-DeCom system.
The initiator of Glass Chain is the Singapore Eye Optometry Basis, which achieved a brand new touchdown type of distributed commerce, the distributed eye optics service platform. This platform not solely integrates our acquainted Web of Issues(IOT), blockchain, large knowledge evaluation, and different applied sciences, but in addition contains the incubation of a profitable built-in service platform for traceability, gross sales, and incubation of the optical business.
To speak in regards to the foundation of all this, one ought to perceive the technical imaginative and prescient of Chain199-DeCom. This technique has three objectives to be achieved.
- Use blockchain expertise to steadily obtain a programmed society.
- Guided by the idea and software of consumption capitalization, accomplish the code programming of up to date enterprise conduct.
- Take the primary industrial advertising fashions of consultant firms from everywhere in the world as a mannequin, and use programming to finish distributed industrial blockchain enterprise.
From the floor degree, the frequent options of this platform and comparable platforms present traits of blockchain expertise similar to non-tamperability, traceability, and incentive mechanism. As well as, the platform can perform the cultivation of abilities within the subject of optics and incubation of optics gear, and qualifies chain enterprise.
From a deeper degree, the revolutionary mixture of expertise and enterprise in Glass Chain is the actual standpoint. For instance, its distinctive coded reference contains the idea of consumption capitalization; that features mature and in depth practices. The gathering of varied main enterprise fashions world wide may be seen because the blockchainization of those mature ideas and business know-how that help actual enterprise operations. It’s the actual world that started to combine enterprise with blockchain expertise.
By way of particular expertise, Glass Chain adopts a modular plug-in underlying improvement framework, and extension capabilities are added within the type of plug-ins. The scalable and pluggable modular design makes the complete community extra environment friendly. All the universe is paralleled by the Glass Chain. The cross-chain expertise and pluggable modular design of the chain are successfully and effectively built-in collectively, and the networks talk with one another however don’t intrude with one another. Within the type of a set of good contracts, it’s extra handy, quick, and extra handy for enterprises to make use of blockchain expertise.
Half 3: An Financial System that Generalized Mining
Glass Chain has modified the stereotyped notion that “blockchain initiatives are mining cash + speculating cash.”
Glass Chain nonetheless maintains the mining mechanism, however the primary distinction is that this technique generalized the that means of mining to construct its personal financial system.
For the mining course of, this technique is supplied with the world’s first cat-claw clever dual-mining server- SMJ machine. The perform of the SMJ machine is: on one finish is used for public chain mining on the opposite finish it’s used for offline ecological enterprises on-chain administration. The operation of mining has created a server to match the 5 on-chain enterprises and communities below the usual line.
GLS, initiated by the Singapore Optometry Basis, issued the identical variety of Tokens as Glass Chain—GLS, which serves as the motivation layer on Glass Chain’s Chain199 system.
By way of the exact calculation of the blockchain token, the holders of the GLS can receive the corresponding revenue distributed, so long as it’s a conduct that motivates and cultivates sufferers’ good eye habits and promotes sufferers’ imaginative and prescient well being. They’ll be a part of the credible incentive system by good contracts, construct the business ecology of the Glass Chain platform, and construct shared worth by a number of events.
Particularly, for the multi-party entities that actively perform industrial actions within the Glass Chain ecological platform, the platform adopts an incentive mechanism to allow the efficient integration of business, academia, analysis, medical remedy, and prevention. It additionally goals to reinforce management to the healthcare business within the imaginative and prescient ecosystem, cut back prices and enhance effectivity. The platform will reward enterprise shops; meant to construct a robust, credible blockchain medical integration public service platform to serve the worldwide optical business market, and construct an entire Glass Chain enterprise ecosystem.
It may be mentioned that in GLS, mining breaks away from the normal miner mechanism. Glass Chain miners, similar to establishments, optical retailers, optical rehabilitation facilities, industrial customers, skilled service suppliers (medical doctors, professionals), shoppers, node brokers, and distributed storage servers (SMJ mining machines); can receive GLS primarily based on consensus mechanisms that match the optometry business.
In different phrases, each collaborating topic will probably be motivated after they produce an financial conduct that has a optimistic significance for the complete ecology, which gives a assure for the keenness of every collaborating character.
Some individuals might have questions on who will bear the massive quantity of incentive prices. The truth is, we are able to check with the mechanism of Bitcoin. Even with a lot competitors and participation, the entire price of mining a Bitcoin is about $2,000. The transaction worth is round $50,000. In distinction, GLS can depend on the distinction between the associated fee and the foreign money worth to present “reward” to the individuals of the platform entity conduct, thereby stimulating the progress of optimistic enterprise behaviors.
Furthermore, as a result of maturity of cross-chain expertise, GLS can even break the circle from the field of regard and enter different vertical e-commerce fields within the foreseeable future.By increasing the boundaries of this enterprise ecology internationally.
Some individuals can also ask how to make sure the protection of so many individuals. The truth is, the block knowledge of Glass Chain adopts distributed storage and may be outfitted with a decentralized construction for storage. All blocks are referenced by the pointer of the earlier block to make sure that the information is reliable and has not been tampered with. The sha256 perform is used to hash the information, the ECC uneven encryption algorithm is used for identification authentication, the AES encryption algorithm is used to encrypt the non-public key, and the merkle quantity is used to confirm and retailer transactions to make sure the safety.
After years of precipitation, individuals have steadily realized that blockchain initiatives that actually generate industrial worth are initiatives value holding for a very long time.
It may be mentioned that the varied designs of Glass Chain have vastly damaged by the shortcomings of blockchain expertise that can’t help the enterprise business. For the primary time, the actual software of blockchain has been applied, and it’ll usher within the business’s enthusiastic pursuit.
We look ahead to Glass Chain’s speedy innovation, it’s integration of the Optometry business and blockchain expertise to construct a world distributed industrial public chain platform. The platform is devoted to the science of Optometry, will present consulting providers, will improve traceability of optic merchandise, whereas additionally rising gross sales, and offering top quality customer support. As Glass Chain turns into extra fashionable, different functions may also verify their enterprise potential and creativeness by the buying and selling.