With 2021 being a brand new interval for know-how, the digital business is acknowledged as coming into the brand new sensible financial system period of “technological and enterprise mannequin innovation”.
On this period, the usual for folks to have a look at issues is not going to 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 will be mentioned for blockchain know-how. Many individuals have expressed considerations about mining cash, issuing cash, and in addition storing them. A lot of their predominant considerations are centered 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 folks agree that an necessary bottleneck within the mixture of blockchain and the true financial system is whether or not there’s a mature cross-chain know-how. Though there are a lot of choices for cross-chain know-how 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 impartial analysis and growth 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 know-how with actual business worth will undoubtedly be the following focus of the market’s sizzling 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 corporations that need to make life easier and higher via innovation, proving that they’ve actual industrial worth is a prerequisite. In consequence, 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 financial system period, is consistently experimenting with varied industries for in-depth empowerment. Along with that, the event of commercial blockchain has develop into the consensus of the business. Increasingly more inquiries, tasks, and situations proceed to emerge, which supplies blockchain practitioners unprecedented confidence.
Nonetheless, 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 for example financial institution threat management. Nonetheless, whether it is to be built-in with the whole business, it have to be coordinated with the extremely advanced industrial construction of this business. A extra super-scalable cross-chain know-how is required.
For instance, the optics business is acknowledged as an enormous potential business, however this business is extraordinarily fragmented, underdeveloped, and complicated.
For docs and sufferers, among the many three main illnesses that have an effect on the standard of human life, ophthalmology ranks third, second behind malignant tumors, cardiovascular and cerebrovascular illnesses. 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. Inside the system, completely different industrial characters together with glasses manufacturing, gross sales, continual illness administration, and high-end manufacturing tools play their respective roles. Conventional blockchain know-how can’t be utilized in such a fancy industrial surroundings.
It’s exactly due to the excessive fragmentation and complexity of the scene within the imaginative and prescient business that we now have not seen an actual imaginative and prescient business system constructed from the underside with the traits of vertical e-commerce. Most individuals additionally suppose this business will proceed to fragment till the founding group 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’s 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 worldwide perspective on the “business” composed of these subdivisions. The dearth of this attitude lies in the truth that the optical business can not simply do “mathematical addition” it may possibly 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. Due to this fact, we now have unprecedentedly valued the which means of the Glass Chain innovation. It’s more likely to be based mostly on distributed commerce, with the flexibility to defragment. Whereas additionally, selling schooling, changing into fashionable, and integrating imaginative and prescient, via incentives. The top targets will embody: purchasers/customers develop good eye care routine, and promote the event of the business. We due to this fact speculate that it could combine and scale to a trillion-dollar industrial worth, which is “integration” quite than easy “mixture”.
As talked about earlier, Glass Chain’s breakthrough in cross-chain know-how has achieved a number of parachains parallel to the primary chain. Parachains have impartial information networks that don’t have an effect on one another and are inter-chain interoperable. Every parachain is related to one another. Capabilities will be expanded. Completely different parachains can run their very own information, execute precise transactions, and run advanced sensible contracts, thus completely attaining the parallel execution of transactions.
Half 2: Worth –The True Distributed Enterprise
Distributed enterprise is presently a preferred subject within the area of digital enterprise innovation.
Distributed commerce is a brand new sort of manufacturing relationship established by a number of communities of enterprise pursuits with equal standing. It’s organized and managed via preset clear guidelines, division of features, change 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 growth mannequin would possibly improve distributed commerce by offering progressive possible options. Trying on the business information previously one or two years, the dialogue of distributed commerce has develop into more and more intense and in-depth. For instance, blockchain-supported Trusted asset NFT can help SMEs to raised accomplish asset digitization, it additionally permits extra funders to take part within the cooperation of provide chain finance, and frequently solves the issue of financing difficulties for SMEs. These discussions have develop into the main focus of consideration.
For the optical business, “cross-chain functionality” is the approach, whereas “distributed enterprise” is the tactic, and the mix of know-how and methodology is the longer term course.
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 know-how can help multi-party collaboration and improve mutual belief. All of which makes the previous “point-to-point cooperation” develop into “community cooperation”, and it lowers the edge for belief.
This makes folks start to imagine that issues that have been initially based mostly on advanced, conventional, and centralized energy can’t be solved. However now that may be solved based mostly on blockchain know-how, additionally distributed commerce will assist the business proceed to discover mutual advantages and create win-win symbiosis.
Glass Chain is a product based mostly on this idea. The founding group of Glass Chain has damaged via a number of blockchain programming technical issues via 54 months of exhausting work and follow, and achieved one other main innovation in blockchain programming know-how, main the worldwide blockchain know-how to take a historic step ahead.
The Glass Chain created the primary block chain entity-level sensible contract set—Chain199-DeCom system, which helps the handy software of block chain know-how. 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, huge information evaluation, and different applied sciences, but in addition consists of 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 method has three targets to be achieved.
- Use blockchain know-how to regularly obtain a programmed society.
- Guided by the speculation and software of consumption capitalization, accomplish the code programming of latest enterprise habits.
- Take the primary industrial advertising fashions of consultant corporations from all around the world as a mannequin, and use programming to finish distributed industrial blockchain enterprise.
From the floor degree, the widespread options of this platform and comparable platforms present traits of blockchain know-how comparable to non-tamperability, traceability, and incentive mechanism. As well as, the platform can perform the cultivation of abilities within the area of optics and incubation of optics tools, and qualifies chain enterprise.
From a deeper degree, the progressive mixture of know-how and enterprise in Glass Chain is the true standpoint. For instance, its distinctive coded reference consists of the speculation of consumption capitalization; that features mature and intensive practices. The gathering of assorted main enterprise fashions world wide will 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 know-how.
By way of particular know-how, Glass Chain adopts a modular plug-in underlying growth framework, and extension features are added within the type of plug-ins. The scalable and pluggable modular design makes the whole community extra environment friendly. Your entire universe is paralleled by the Glass Chain. The cross-chain know-how and pluggable modular design of the chain are successfully and effectively built-in collectively, and the networks talk with one another however don’t intervene with one another. Within the type of a group of sensible contracts, it’s extra handy, quick, and extra handy for enterprises to make use of blockchain know-how.
Half 3: An Financial System that Generalized Mining
Glass Chain has modified the stereotyped notion that “blockchain tasks are mining cash + speculating cash.”
Glass Chain nonetheless maintains the mining mechanism, however the primary distinction is that this method generalized the which means of mining to construct its personal financial system.
For the mining course of, this method is supplied with the world’s first cat-claw clever dual-mining server- SMJ machine. The operate 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 the exact calculation of the blockchain token, the holders of the GLS can acquire the corresponding revenue distributed, so long as it’s a habits 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 via sensible 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 therapy, and prevention. It additionally goals to boost 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, comparable to establishments, optical retailers, optical rehabilitation facilities, industrial customers, skilled service suppliers (docs, professionals), shoppers, node brokers, and distributed storage servers (SMJ mining machines); can acquire GLS based mostly on consensus mechanisms that match the optometry business.
In different phrases, each collaborating topic will probably be motivated once they produce an financial habits that has a optimistic significance for the whole ecology, which offers a assure for the keenness of every collaborating character.
Some folks could 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 overall price of mining a Bitcoin is about $2,000. The transaction value is round $50,000. In distinction, GLS can depend on the distinction between the fee and the foreign money worth to provide “reward” to the individuals of the platform entity habits, thereby stimulating the progress of optimistic enterprise behaviors.
Furthermore, as a result of maturity of cross-chain know-how, GLS also can break the circle from the visual field and enter different vertical e-commerce fields within the foreseeable future.By increasing the boundaries of this enterprise ecology internationally.
Some folks might also ask how to make sure the security of so many individuals. The truth is, the block information of Glass Chain adopts distributed storage and will be geared up with a decentralized construction for storage. All blocks are referenced by the pointer of the earlier block to make sure that the information is professional and has not been tampered with. The sha256 operate is used to hash the information, the ECC uneven encryption algorithm is used for id authentication, the AES encryption algorithm is used to encrypt the personal key, and the merkle quantity is used to confirm and retailer transactions to make sure the safety.
After years of precipitation, folks have regularly realized that blockchain tasks that really generate industrial worth are tasks price holding for a very long time.
It may be mentioned that the varied designs of Glass Chain have vastly damaged via the shortcomings of blockchain know-how that can’t help the enterprise business. For the primary time, the true software of blockchain has been applied, and it’ll usher within the business’s enthusiastic pursuit.
We look ahead to Glass Chain’s fast innovation, it’s integration of the Optometry business and blockchain know-how to construct a worldwide 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 growing gross sales, and offering prime quality customer support. As Glass Chain turns into extra fashionable, different functions can even verify their enterprise potential and creativeness via the buying and selling.