With the advantages of highly decentralized and distributed data storage, open and transparent transaction data, and the non-tamperable data, the blockchain is effective in protecting and securing the users’ data. Furthermore, the openness of the blockchain has created the opportunity for many external users and thus, produces a certain degree of network effect. Any application scenarios that require a higher degree of security and durability, such as the registration of asset, voting, management, and the application of Internet of Things in the era 3.0, will be affected by the blockchain on a large scale.
Based on these characteristics and advantages, the application scenarios of blockchain can be very extensive. Technically, as a commercial blockchain, NGK can better meet the needs of the commercial applications. With the promotion of the project and the development of the platform, many application scenarios have emerged in NGK. The following is an explanation of the scenarios in NGK through three typical application channels in the industry.
Cryptocurrency exchange
The exchange is highly concerned by the users and it is an important traffic entry during the development of cryptocurrency. With the development of the blockchain industry, the exchanges will exist for a long time and more application-type cryptocurrencies will be listed on the exchanges. When a new blockchain project and its cryptocurrency are listed on the exchange, the users must learn more about the project to make a judgment on whether it can be purchased. In the traditional exchange form, the information obtained by the users is basically through the official website, white papers, official social media, and some released news. For cryptocurrencies that rely on the application oriented DAPPs, the experience and iteration of the products can make a significant impact on the users’ price prediction and transaction decisions.
With NGK, the users can quickly experience the DAPP which carries a certain cryptocurrency and understand its user experience and update iterations without leaving the exchange environment. As the blockchain industry getting more complicated, it is believed that the real experience of DAPP will help the users to better understand and judge the future value of the invested cryptocurrency. At the same time, the exchanges that provide the value-added service to the users will receive more loyalty feedback, promote more user transactions and resulting for more commissions.
Blockchain media
In recent years, the blockchain media has sprung up along with the development of the blockchain industry due to its low threshold and high demand. After the early brutal growth, the cryptocurrency market has gradually changed from an incremental market to a stock market, the advertising business that a group of blockchain media originally relied on has fallen off a cliff. Many blockchain media which failed to transform and find new income channels have closed due to their inability to adapt to the stock cycle of the cryptocurrency market.
Following the disappearance of the cryptocurrency’s stock market and the dividends of the brutal production, the blockchain media must realize their own values and obtain returns from the development and application of blockchain projects. The emergence of NGK has empowered the stock market for the blockchain media. With that, the blockchain media can obtain the dividends from the DAPP promotion in one stop. The blockchain media with a dependable user can continue to share the dividend of the high-quality DAPP. With the popularization of blockchain media, more Internet users are beginning to understand and accept the concept of blockchain. However, due to the high threshold of DAPP, the conversion is always lower than the attention. Thus, NGK’s distribution platform will increase the conversion rate of DAPP users by drastically lowering the user’s threshold.
DAPP App Store
With the development of NGK Blockchain, the DAPP based on the NGK Blockchain is launched rapidly. In order to facilitate a better download and searching experience for the DAPP, a DAPP application store based on the NGK Blockchain is introduced. As the carrier of DAPP, the DAPP application store is responsible for the distribution and promotion. Through the integration with NGK, the DAPP application store can create a good user experience, especially when the most DAPP are presented in the web format at this moment. Besides, the NGK Blockchain also supports multiple application scenarios such as the Internet of Things, medical treatment, energy, and intellectual property. The NGK Blockchain has a smooth experience, secure underlying technology, and a customized model. The goal and mission of NGK is to build a commercial blockchain system with the exchange of global information, interconnection and interchange, and build a trustless commercial blockchain system in the future.
