The world is moving forward with the internet, smartphones, big data, cloud services and artificial intelligence technologies having some major impacts on the way of living. The blockchain technology is the addition of the advancement where it continues to integrate our lives dramatically with some alteration of interaction the world around us.
The Programmable Economy has taken birth to meet with this economic system and the economic system is capitalizing tangible and intangible values within the blockchain technology. Edenchain is the blockchain networking site capitalizing and trading assets for the programmable economy technology. It even can create a fundamental programmable economy platform by integration of real and virtual economies.
Components of Edenchain
The components of Edenchain implies into the system to make the system safe and secure towards the users. This also helps the system to be trusted and feasible. The components are:
Permissioned Blockchain: It is the component determining the customizable and scalable format for ever-changing business requirements and it will retain a high degree of control in terms of privacy and security.
Secured Interoperability: It is another component ensuring that the architecture of E-Bridge technology must have the assurance of zero-knowledge for the trusted connectivity among the on-chain and off-chain modules.
Hardware and Software Protection: It shares the process of implementation within the adoption to SGX Enclave of Intel providing a safe and secure environment around the blockchain network.
Confidentiality
The blockchain network has three aspects of confidentiality. These are making the system worth like this way:
Firstly, the confidentiality lies in the smart contract ensuring specific individuals with the ability to observe the content of the smart contract.
Secondly, the confidentiality lies in the transaction process assuring the content of the transaction availability for some specific individuals.
Thirdly, the confidentiality lies in the Oracle by the support of no data should be exposed by the request of the external system.
Implementation
The philosophical characteristic of the technology is for the blockchain with the difficulty of securing the first and second form of confidentiality. Various smart contracts have been implemented in Edenchain enabling the encryption of smart contracts with full confidence to the person or organization submitting the mart contract by the execution. This will have the belief of initial safer contract by the importance of assuming greater effect to the overall security of Eden.
As it does not have any guarantee so Eden does not permit to encrypt smart contract and encryption is essential for the transactions in financial terms for specialized sealed auctions. Even the smart contracts may require to have interaction with external systems providing records to the past transactions by the ownership of requested declined utility of Edenchain.
Involvement of Oracle
It is important to secure the factors of communication by the involvement of Oracle by the help and the trust of connectivity to secure the usage of smart contracts.
Even the smart contracts can have the automation the security with the continuous interactions for the external system as per the requirements of the process. It is important for having information with the ability to migrate throughout the network while the hackers are able to access the information and it may cause a margin to misuse and undermine the security.
The protocol of Edenchain encompasses the tokenization to the ecosystem by making development to the conjunction within the ICO implementation process to the distributed infrastructure.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio