The technology has taken over the world where a number of innovations are taking place. It encompasses other innovations like smartphones, big data, cloud service and artificial intelligence technologies. These are the impact of the major interactions in the way of living. Such devices and services are becoming embedded in the daily lives and have become virtually indispensable.
The innovation to blockchain has added a new dimension to the advancement of technologies. Edenchain is the blockchain based platform used for capitalizing every type of tradable assets using programmable economic technology. The programmable economy of individuals can utilize the blockchain technology for tokenizing the assets in a tangible and intangible way by registering a blockchain network securing their ownership to trade tokens with others using the IoT services of automated trades.
Tokenization
The tokenization process converts the assets into tokens within the blockchain network according to the Cameron-Huff from 2017. It is going to have the existence across the world with a plethora of asset in the classes like stocks, real estate, automobiles, gold and so on. The individuals will have the ability to purchase and trade their assets for many purposes. It will develop as the technology develops for the distinct assets in the classes.
This will emerge through the beginning of the copyrights with the insurance policies and derivatives. It will contain the tradable values for some certain conditions. The blockchain technology will have the existing assets to be replaced through the tokens based on the blockchain and their ownership for as registered. It will be necessary for the conditions through the specification of smart contracts.
This will be done as per the characteristics of the asset. It is also possible for creating unique assets through the combination of different sort of assets. The process of Assetization will assign the ownership according to the intangibles. This will be based on the game items, credit card points, or it can even be the influence on their social media platforms.
Infrastructure
The infrastructure of the platform is based on the engine behind the most dynamic enterprise. This depends on the blockchain platform enabling all the values making it capitalized and traded. It is divided into three phases. The phases are:
High Performance and Truly Scalable: It ensures the performance of the blockchain to have the high frequency and the scalability should have to be perfect. It enables the parallel execution of 100% transactions. it will support the wide-ranges of dApps and industries by the brand language support of Ethereeum Virtual Machine and this will be fully solidity-friendly. The multi-datacenters will be based on the cloud platform.
Defensible, Trusted and Secure: The permission environment of the Edenchain platform ensures that it has to be defensible, trusted and secure. It has a 3-staged key generation, encryption, and decryption system. This will have the customizable functional specific to the firewall. The Median Voter Theorem lowers the vulnerability to the CPU and software protection.
Optimal Capacity: The optimal capacity of Edenchain may cost based on per transaction. The optimal resources will need computing power efficient to the proof of energy. This will elapse through the time by PoET consensus. This will have the hardware integration for the transactions processing based on the first-in-first-out.
The Smart Contract technology of Edencahin will integrate the real and virtual economies to create a fundamental programmable economy platform.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio
Twitter : https://twitter.com/edenchainio