On October 14th, US west coast time, at 10:00 am, the NGK mainnet was officially launched. As a blockchain project that influences the world, its mainnet operation and security have become the focus of market. The battle among the underlying operating system of blockchain technology is on-going followed by the development of market. In order to ensure a long-term sustainable development, the service provider must make the right choice in terms of bottom technology based on the following principles:
This infrastructure must meet the requirements of the business operations which includes the permissions and security of data and functions. In the other words, only the parties involved in the transaction can access to the transaction data, while the other parties in the ecosystem cannot. NGK meets this requirement, as the number of NGK users continues to rise, and the demand for the applications continues to increase, a professional distributed architecture will be adopted to achieve the system expansion and manage the huge business volume. This can improve the availability of the system architecture, increase the distribution of the system and the network security, and effectively avoid the disturbance due to ultra-high frequency. NGK will design a unique distributed architecture according to the required business scenarios, which is a technical level not available in the traditional projects. The core technologies include system design, distributed operating system, distributed data, etc. Therefore, NGK APP has a stronger native ecology and future expandability.
In addition, the infrastructure must be able to support ecological operation, maintenance and management. This aspect is a major function of data aggregation and reporting. Besides, this is also a basic requirement for preventing the commercial fraud and ensuring a safe operation. Emphasizing the blockchain performance is a common misunderstanding in the market. This is because performance is not the basic requirement of this underlying blockchain. The biggest value of blockchain technology is to solve the multi-party cooperation. In the current economic and financial activities, many multi-party cooperation scenarios are still inefficient. The processes usually take days or weeks to complete. For example, settlement after securities transactions, transaction of trade finance and real estate, etc. The process time can be greatly shortened by applying the blockchain technology, and an improvement of more than an order of magnitude can be achieved. The current distributed accounting technology can fully satisfy such performance requirements. For example, for the tokenization of real estate businesses, the performance of the underlying blockchain technology is not a major issue. Finally, the transaction costs of this underlying infrastructure must be low. There will be a large number of transactions in the process of market generalization. If the cost of supporting such massive transactions is too high, it will reduce the feasibility of this business.
NGK focuses on connecting the real economy and this makes it more suitable for the financial ecology. The NGK.IO blockchain serves as a medium between blockchain encrypted assets and real assets. It can create an ecology in which traditional finance is built in the blockchain world. This is a new economic business model that eliminates the users’ concerns about bubbles in blockchain virtual tokens, and realizes the tokenization of digital and economy. Any enterprises can launch the platform’s digital economy business ecology adopted with a blockchain concept. The platform is responsible for operation and community management, and it allows any responsible company to realize their business reform, develop commercial DAPP applications, create digital financing and listing through blockchain. In addition, the tokens can be used to support the projects and incentive mechanisms. It can leverage the communities, applications, and tokens to build a prosperous ecosystem, and achieve the purpose of promoting the platform development and the value of digital economy market through corporate developers!
