With 2021 being a brand new interval for expertise, the digital trade is acknowledged as getting into the brand new good economic system period of “technological and enterprise mannequin innovation”.
On this period, the usual for folks 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 might be mentioned for blockchain expertise. Many individuals have expressed issues about mining cash, issuing cash, and in addition storing them. Lots of their essential issues are targeted on “what actual industrial worth they’ll produce”.
To reply this query, what is required is the underlying technological breakthrough and wonderful enterprise creativeness.
For instance, some folks agree that an vital 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 a lot of choices for cross-chain expertise 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. Though it has simply appeared on the stage of cross-chain options, resulting from its impartial 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 trade. GLS is the motivation token used on this system.
Blockchain expertise with actual trade 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 by innovation, proving that they’ve actual industrial worth is a prerequisite. Because of this, the industrialization + blockchain monitor is being perceived in a optimistic gentle and with reputation.
Briefly, the industrialized blockchain deeply empowers the enterprise trade.
The truth is, blockchain, as a brand new technical means to reshape manufacturing relations within the digital economic system period, is continually experimenting with numerous industries for in-depth empowerment. Along with that, the event of commercial blockchain has change into the consensus of the trade. An increasing number of inquiries, tasks, and situations proceed to emerge, which supplies blockchain practitioners unprecedented confidence.
Nevertheless, one of many difficulties is that it’s not sophisticated to make use of blockchain to resolve a single level downside such because the traceability of tax-free items or for example financial institution threat management. Nevertheless, whether it is to be built-in with the complete trade, it should be coordinated with the extremely advanced industrial construction of this trade. A extra super-scalable cross-chain expertise is required.
For instance, the optics trade is acknowledged as an enormous potential trade, however this trade 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 resolution doesn’t solely exist within the medical trade. Throughout the system, totally different industrial characters together with glasses manufacturing, gross sales, power illness administration, and high-end manufacturing tools play their respective roles. Conventional blockchain expertise can’t be utilized in such a posh industrial surroundings.
It’s exactly due to the excessive fragmentation and complexity of the scene within the imaginative and prescient trade that now we have not seen an actual imaginative and prescient trade system constructed from the underside with the traits of vertical e-commerce. Most individuals additionally assume this trade 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 the best way to rely the dimensions and output worth of the optics trade. 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 numerous statistical researches largely level to a sure subdivision, however there’s a lack of a world perspective on the “trade” composed of these subdivisions. The dearth of this angle lies in the truth that the optical trade can not simply do “mathematical addition” it might simply rely the dimensions of the trade. Among the many totally different subdivisions to trace and the totally different members, some have an additive relationship, some have a multiplicative relationship, and a few cancel one another out. Due to this fact, now we 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, turning into widespread, 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 trade. We subsequently speculate that it could combine and scale to a trillion-dollar industrial worth, which is “integration” relatively 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 impartial knowledge networks that don’t have an effect on one another and are inter-chain interoperable. Every parachain is linked to one another. Capabilities might be expanded. Completely different parachains can run their very own knowledge, execute precise transactions, and run advanced good contracts, thus completely attaining the parallel execution of transactions.
Half 2: Worth –The True Distributed Enterprise
Distributed enterprise is at the moment a well-liked subject within 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’s organized and managed by preset clear guidelines, division of features, 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.
Going through the pure drawbacks of the centralized enterprise improvement mannequin may improve distributed commerce by offering modern possible options. Trying on the trade information previously one or two years, the dialogue of distributed commerce has change 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 change into the main target of consideration.
For the optical trade, “cross-chain functionality” is the approach, whereas “distributed enterprise” is the tactic, and the mix of expertise and technique is the long run path.
As talked about earlier, the imaginative and prescient trade may 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” change into “community cooperation”, and it lowers the brink 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 expertise, additionally distributed commerce will assist the trade 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 by a number of blockchain programming technical issues by 54 months of laborious work and apply, 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, huge knowledge 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 trade.
To speak concerning 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 progressively obtain a programmed society.
Guided by the idea and software of consumption capitalization, accomplish the code programming of up to date enterprise habits.
Take the primary industrial advertising and marketing 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 frequent options of this platform and comparable platforms present traits of blockchain expertise comparable to non-tamperability, traceability, and incentive mechanism. As well as, the platform can perform the cultivation of skills within the discipline of optics and incubation of optics tools, and qualifies chain enterprise.
From a deeper degree, the modern mixture of expertise and enterprise in Glass Chain is the actual perspective. For instance, its distinctive coded reference consists of the idea of consumption capitalization; that features mature and intensive practices. The gathering of varied main enterprise fashions around the globe might be seen because the blockchainization of those mature ideas and trade 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 features are added within the type 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 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 intervene with one another. Within the type of a group 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 tasks are mining cash + speculating cash.”
Glass Chain nonetheless maintains the mining mechanism, however the primary distinction is that this technique generalized the which means of mining to construct its personal financial system.
For the mining course of, this technique is provided 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 underneath 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 habits that motivates and cultivates sufferers’ good eye habits and promotes sufferers’ imaginative and prescient well being. They’ll be part of the credible incentive system by good contracts, construct the trade 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 trade, academia, analysis, medical remedy, and prevention. It additionally goals to reinforce management to the healthcare trade within the imaginative and prescient ecosystem, cut back prices and enhance effectivity. The platform will reward enterprise shops; supposed to construct a robust, credible blockchain medical integration public service platform to serve the worldwide optical trade 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 outlets, optical rehabilitation facilities, industrial customers, skilled service suppliers (medical doctors, professionals), customers, node brokers, and distributed storage servers (SMJ mining machines); can receive GLS based mostly on consensus mechanisms that match the optometry trade.
In different phrases, each collaborating topic will probably be motivated after they produce an financial habits that has a optimistic significance for the complete ecology, which gives a assure for the passion of every collaborating character.
Some folks might have questions on who will bear the big quantity of incentive prices. The truth is, we will seek advice from 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 price and the foreign money worth to present “reward” to the members of the platform entity habits, thereby stimulating the progress of optimistic enterprise behaviors.
Furthermore, as a result of maturity of cross-chain expertise, GLS may break the circle from the sight view and enter different vertical e-commerce fields within the foreseeable future.By increasing the boundaries of this enterprise ecology internationally.
Some folks may ask how to make sure the protection of so many members. The truth is, the block knowledge of Glass Chain adopts distributed storage and might 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 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 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 assorted designs of Glass Chain have significantly damaged by the shortcomings of blockchain expertise that can’t help the enterprise trade. For the primary time, the actual software of blockchain has been applied, and it’ll usher within the trade’s enthusiastic pursuit.
We look ahead to Glass Chain’s speedy innovation, it’s integration of the Optometry trade 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 prime quality customer support. As Glass Chain turns into extra widespread, different purposes may also affirm their enterprise potential and creativeness by the buying and selling.