What are the commercial applications of NGK blockchain? How to empower the whole business?
Blockchain technology has developed so far, it can be said that it has slowly penetrated into various industries, such as financial services, health care, IP copyright, education and the Internet of things. However, the application of blockchain technology in each industry is different, as a brand new 3.0 blockchain, what are the commercial applications of NGK blockchain? How does the NGK blockchain empower the whole business?
At present, the biggest application of blockchain is token, and this is naturally applied in NGK blockchain network. Also known as Token, the word originated from the token of a ring network in a computer network. Accurately, token represents a right or interest, a computer holding a token in a ring network in the past has the right to send the real-time signal.
NGK blockchain has a set of perfect Token circulation mechanism, Token traceability mechanism and a set of fully automatic Token trading mechanism. NGK’s perfect Token circulation mechanism can abstract the valuable and worthy things in various industries in the business model and make the business model more perfect. At present, there are a variety of certificates in the NGK blockchain network, such as commercial invoice, accounts receivable, equity vouchers, transferable claims and so on.
The next is NGK Token traceability. NGK blockchain network records the whole life cycle of Token flow, that is, a series of circulation trajectories that can be found on the whole life cycle on the NGK blockchain, including a series of applications and processes such as splitting, combination, circulation, etc., which can be found on the NGK blockchain.
Finally, the fully automatic Token trading mechanism. In the whole process of Token circulation, the holder only needs to carry out a series of actions, such as transferring or locking according to the intelligent contract, and there will be a fully automatic mechanism to complete the transaction for the enterprise, which saves the enterprise great cost.
Apart from the role of certification, NGK blockchain perfectly combine with business in data management, data storage and other aspects. NGK blockchain itself, as a data storage system that is difficult to tamper with, consists of a set of cryptographic blockchain structure, which makes it impossible to tamper with data on NGK blockchain, and because the NGK blockchain is composed of 21 block producers, each node holds the same data, it is useless to change only a certain point of data, so the data recorded on the NGK blockchain has the ability to store evidence that is difficult to tamper with, which greatly enhances the credibility of the data recorded on the NGK blockchain. Therefore, the traditional business in the contract deposit, certificate deposit, performance record deposit certificate, or breach of contract records such as a series of information need to deposit certificate. All can be uploaded to the NGK blockchain.
In the meantime, because of the increasing number of data recorded in the NGK blockchain system, after solving the problem of data fraud, it will make the NGK blockchain become a sufficient authoritative database, which makes the value of the data become very large and more convenient for the future financial institutions in application. The current data has become an important factor of production to participate in distribution. The authority of this factor of production is crucial, through the accumulation of authoritative data NGK the blockchain, it can help many enterprises to solve some of the problems that are still unresolved.
With the continuous development of the NGK blockchain, the platform and more and more enterprises cooperate to form a real commercial landing application, which will continue to enable NGK, to become the infrastructure of all blockchain projects around the world, and to create a complete and perfect economic ecological circle!
