With 2021 being a brand new interval for know-how, the digital trade is acknowledged as coming into the new sensible economic system period of “technological and business model innovation”.
In this period, the customary for folks to take a look at issues won’t solely be “technical innovation” or “business model innovation”, however whether or not the place between the two can produce actual social efficacy and may create scarce business worth.
The identical may be mentioned for blockchain know-how. Many folks have expressed issues about mining cash, issuing cash, and likewise storing them. Many of their fundamental issues are centered on “what real industrial value they can produce”.
To reply this query, what is wanted is the underlying technological breakthrough and wonderful enterprise creativeness.
For instance, some folks agree that an essential bottleneck in the mixture of blockchain and the actual economic system is whether or not there is a mature cross-chain know-how. Although there are many choices for cross-chain know-how options, there are additionally huge variations in design philosophy, safety ideas, moreover, trade consensus nonetheless has not been created.
The Glass Chain has been developed for 54 months. Although it has simply appeared on the stage of cross-chain options, due to its impartial analysis and growth of the fundamental chain + parachain structure. It achieves the clear division of labor between the fundamental chain and the parachain. It’s the final juncture of the mixture of blockchain and the enterprise trade. GLS is the incentive token used on this system.
Blockchain know-how with actual trade worth will undoubtedly be the subsequent focus of the market’s scorching pursuit.
Part 1: The Macro-industrialized Blockchain is Welcomed
The growth 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 easier and higher by means of innovation, proving that they have actual industrial worth is a prerequisite. As a consequence, the industrialization + blockchain monitor is being perceived in a optimistic gentle and with reputation.
In quick, the industrialized blockchain deeply empowers the enterprise trade.
In reality, blockchain, as a brand new technical means to reshape manufacturing relations in the digital economic system period, is consistently experimenting with numerous industries for in-depth empowerment. In addition to that, the growth of industrial blockchain has grow to be the consensus of the trade. More and extra inquiries, tasks, and situations proceed to emerge, which supplies blockchain practitioners unprecedented confidence.
However, one of the difficulties is that it is not sophisticated to use blockchain to clear up a single level drawback corresponding to the traceability of tax-free items or for example financial institution threat management. However, if it is to be built-in with the complete trade, it have to be coordinated with the extremely advanced industrial construction of this trade. A extra super-scalable cross-chain know-how is wanted.
For instance, the optics trade is acknowledged as an enormous potential trade, however this trade is extraordinarily fragmented, underdeveloped, and sophisticated.
For docs and sufferers, amongst the three main illnesses that have an effect on the high quality of human life, ophthalmology ranks third, second behind malignant tumors, cardiovascular and cerebrovascular illnesses. This proves that there is a distinct segment, a big demand for the service; however the answer doesn’t solely exist in the medical trade. Within the system, completely different industrial characters together with glasses manufacturing, gross sales, continual illness administration, and high-end manufacturing gear play their respective roles. Traditional blockchain know-how can’t be utilized in such a fancy industrial setting.
It is exactly as a result of of the excessive fragmentation and complexity of the scene in the imaginative and prescient trade that we now have not seen an actual imaginative and prescient trade system constructed from the backside with the traits of vertical e-commerce. Most folks additionally assume this trade will proceed to fragment till the founding crew of Glass Chain seems.
Before the look of Glass Chain, the drawback that researchers confronted was how to depend the scale and output worth of the optics trade. Regrettably, till the time of writing this text, there is nonetheless no estimate. To a big extent, this is due to the incontrovertible fact that numerous statistical researches principally level to a sure subdivision, however there is an absence of a worldwide perspective on the “industry” composed of these subdivisions. The lack of this angle lies in the incontrovertible fact that the optical trade can’t simply do “mathematical addition” it might simply depend the scale of the trade. Among the completely different subdivisions to monitor and the completely different contributors, some have an additive relationship, some have a multiplicative relationship, and a few cancel one another out. Therefore, we now have unprecedentedly valued the that means of the Glass Chain innovation. It is seemingly to be primarily based on distributed commerce, with the means to defragment. While additionally, selling schooling, turning into widespread, and integrating imaginative and prescient, by means of incentives. The finish targets will embrace: shoppers/customers develop good eye care routine, and promote the growth of the trade. We due to this fact speculate that it could combine and scale to a trillion-dollar industrial worth, which is “integration” somewhat than easy “combination”.
As talked about earlier, Glass Chain’s breakthrough in cross-chain know-how has achieved a number of parachains parallel to the fundamental chain. Parachains have impartial information networks that don’t have an effect on one another and are inter-chain interoperable. Each parachain is related to one another. Functions may be expanded. Different parachains can run their personal information, execute precise transactions, and run advanced sensible contracts, thus completely attaining the parallel execution of transactions.
Part 2: Value –The True Distributed Business
Distributed enterprise is at present a preferred subject in the discipline 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 is organized and managed by means of preset clear guidelines, division of features, alternate of worth, and joint provision of items and providers. Furthermore, it shares the advantages of new financial actions.
Singapore’s distributed enterprise innovation is synchronized with the world.
Facing the pure drawbacks of the centralized enterprise growth mannequin may improve distributed commerce by offering revolutionary possible options. Looking at the trade information in the previous one or two years, the dialogue of distributed commerce has grow to be more and more intense and in-depth. For instance, blockchain-supported Trusted asset NFT can assist SMEs to higher accomplish asset digitization, it additionally permits extra funders to take part in the cooperation of provide chain finance, and frequently solves the drawback of financing difficulties for SMEs. These discussions have grow to be the focus of consideration.
For the optical trade, “cross-chain capability” is the method, whereas “distributed business” is the methodology, and the mixture of know-how and methodology is the future path.
As talked about earlier, the imaginative and prescient trade is very fragmented and naturally appropriate for distributed situations, whereas the maturity of the blockchain system and cross-chain know-how can assist multi-party collaboration and improve mutual belief. All of which makes the former “point-to-point cooperation” grow to be “network cooperation”, and it lowers the threshold for belief.
This makes folks start to consider that issues that have been initially primarily based on advanced, conventional, and centralized energy can’t be solved. But now that may be solved primarily based on blockchain know-how, additionally distributed commerce will assist the trade 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 means of a number of blockchain programming technical issues by means of 54 months of onerous work and follow, and achieved one other main innovation in blockchain programming know-how, main the international blockchain know-how to take a historic step ahead.
The Glass Chain created the first 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 business blockchain from enterprise stage to industrial stage.
Glass Chain/GLS is simply the first software on the Chain199-DeCom system.
The initiator of Glass Chain is the Singapore Eye Optometry Foundation, which achieved a brand new touchdown kind of distributed commerce, the distributed eye optics service platform. This platform not solely integrates our acquainted Internet of Things(IOT), blockchain, huge information evaluation, and different applied sciences, but additionally consists of the incubation of a profitable built-in service platform for traceability, gross sales, and incubation of the optical trade.
To discuss the foundation of all this, one ought to perceive the technical imaginative and prescient of Chain199-DeCom. This system has three targets to be achieved.
- Use blockchain know-how to progressively obtain a programmed society.
- Guided by the concept and software of consumption capitalization, accomplish the code programming of up to date enterprise conduct.
- Take the fundamental business advertising and marketing fashions of consultant firms from throughout the world as a mannequin, and use programming to full distributed business blockchain enterprise.
From the floor stage, the frequent options of this platform and related platforms present traits of blockchain know-how corresponding to non-tamperability, traceability, and incentive mechanism. In addition, the platform can perform the cultivation of skills in the discipline of optics and incubation of optics gear, and qualifies chain enterprise.
From a deeper stage, the revolutionary mixture of know-how and enterprise in Glass Chain is the actual level of view. For instance, its distinctive coded reference consists of the concept of consumption capitalization; that features mature and intensive practices. The assortment of numerous main enterprise fashions round the world may be seen as the blockchainization of these mature ideas and trade know-how that assist actual enterprise operations. It is the actual world that started to combine enterprise with blockchain know-how.
In phrases of particular know-how, Glass Chain adopts a modular plug-in underlying growth framework, and extension features are added in the kind of plug-ins. The scalable and pluggable modular design makes the complete community extra environment friendly. The complete 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 intrude with one another. In the kind of a group of sensible contracts, it is extra handy, quick, and extra handy for enterprises to use blockchain know-how.
Part 3: An Economic System that Generalized Mining
Glass Chain has modified the stereotyped notion that “blockchain projects are mining coins + speculating coins.”
Glass Chain nonetheless maintains the mining mechanism, however the fundamental 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 outfitted 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 different finish it is 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 beneath the customary line.
GLS, initiated by the Singapore Optometry Foundation, issued the identical quantity of Tokens as Glass Chain—GLS, which serves as the incentive layer on Glass Chain’s Chain199 system.
Through the exact calculation of the blockchain token, the holders of the GLS can get hold of the corresponding revenue distributed, so long as it is a conduct that motivates and cultivates sufferers’ good eye habits and promotes sufferers’ imaginative and prescient well being. They can be part of the credible incentive system by means of sensible contracts, construct the trade ecology of the Glass Chain platform, and construct shared worth by a number of events.
Specifically, for the multi-party entities that actively perform industrial actions in the Glass Chain ecological platform, the platform adopts an incentive mechanism to allow the efficient integration of trade, academia, analysis, medical therapy, and prevention. It additionally goals to improve management to the healthcare trade in the imaginative and prescient ecosystem, cut back prices and improve effectivity. The platform will reward enterprise shops; supposed to construct a powerful, credible blockchain medical integration public service platform to serve the international optical trade market, and construct a whole Glass Chain enterprise ecosystem.
It may be mentioned that in GLS, mining breaks away from the conventional miner mechanism. Glass Chain miners, corresponding to establishments, optical outlets, optical rehabilitation facilities, industrial customers, skilled service suppliers (docs, professionals), shoppers, node brokers, and distributed storage servers (SMJ mining machines); can get hold of GLS primarily based on consensus mechanisms that match the optometry trade.
In different phrases, each taking part topic might be motivated when they produce an financial conduct that has a optimistic significance for the complete ecology, which supplies a assure for the enthusiasm of every taking part character.
Some folks could have questions on who will bear the great amount of incentive prices. In reality, we will refer to the mechanism of Bitcoin. Even with a lot competitors and participation, the whole 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 price and the foreign money worth to give “reward” to the contributors of the platform entity conduct, thereby stimulating the progress of optimistic enterprise behaviors.
Moreover, due to the maturity of cross-chain know-how, GLS can even break the circle from the discipline of imaginative and prescient and enter different vertical e-commerce fields in the foreseeable future.By increasing the boundaries of this enterprise ecology internationally.
Some folks may ask how to guarantee the security of so many contributors. In reality, the block information 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 legit and has not been tampered with. The sha256 operate 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 guarantee the safety.
After years of precipitation, folks have progressively realized that blockchain tasks that really generate industrial worth are tasks value holding for a very long time.
It may be mentioned that the numerous designs of Glass Chain have drastically damaged by means of the shortcomings of blockchain know-how that can’t assist the enterprise trade. For the first time, the actual software of blockchain has been applied, and it’ll usher in the trade’s enthusiastic pursuit.
We look ahead to Glass Chain’s fast innovation, it’s integration of the Optometry trade and blockchain know-how to construct a worldwide distributed business 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 prime quality customer support. As Glass Chain turns into extra widespread, different purposes will even affirm their enterprise potential and creativeness by means of the buying and selling.