What is Edenchain?
EdenChain is a block-chain platform technology that can
capitalize and trade all types of assets with the programmable Economy Platform
technology. By using the block chain Smart Contract, you can capitalize all
tangible and intangible asset-value in to the Token(Tokenization). Edenchain
use smart contracts to integrate real and virtual economies, creating a new and
enormous economic system and programmable economy. Programmable Economy:
1) It can lower transaction costs because there is no middle
man.
2) It can share the profits that the middle man can
monopolize.
3) It can create new market that has never existed through
the capitalization of domestic and foreign materials. Which will enrich many
people's lives by returning the financial benefits back to them.
EdenChain can be applied to a variety of industries and
services, such as Initial Coin Offerings (ICO), IoT, Shared Economy, Gaming,
Finance and so on, as it can capitalize valuable assets and execute transactions
fast, securely and at a reasonable cost.
EdenChain (blockchain) Architecture
EdenChain
is a permissioned blockchain consisting of three layers: a distributed ledger
layer, a validation layer, and a bridge layer.
·
The
distributed ledger layer is a place at which data used in the blockchain is
distributed and stored, and only data of transactions agreed to in the
validation layer are processed. Distributed ledger data can be added through
transactions.
·
The
validation layer is where a transaction is executed and verified, and includes
an Etherem Virtual Machine to run a smart contract. The validation layer has a
transaction scheduling function, which has a significant impacton the
performance and scalability of EdenChain.The bridge layer is used to securely
import data needed by an on-chain smart contract within the blockchain in
cooperation with an off-chain.
·
In
the bridge layer, nodes naturally exist on-chain and off-chain, and an
E-Protocol using ECC-TC, which is an encryption technique, is used for reliable
communication between these nodes.
EdenChain Features
Secure Interoperability
·
The
existing blockchain technology is not secure from hacker threats. However,
Edenchain secure interoperability allows the smart contracts in the platform to
interwork with external systems, which enhances security.
High Performance
·
The
use of Namespace allows Edenchain to perform transactions fast and in large
volumes. This is because the technology separates spaces and executes
transactions in parallel. As the transactions increase, the processing platform
is organized by Namespace to ensure optimal performance all the time.
Reasonable Fee
·
In
the existing smart contracts, the processing costs for functions are based on
cryptocurrencies prices. However, on EdenChain the costs depend on the number
of executions regardless of the processing function. This makes the costs
lower. Additionally, the platform was designed in such a way that the costs are
kept reasonable.
Why I chose EdenChain
·
EdenChain
can process a high throughput of transactions at a high speed compared to other
platforms. It does this by separating spaces and executing transactions in
parallel.
·
They
already have many strong partners on board, and judging by their roadmap they
are planning to continue making partnerships throughout 2018 and 2019.
EdenChain will also utilize 15% of the capital raised through the ICO in order
to secure partnerships. In the business environment and blockchain industry,
partnerships are one of the key factors that help a business evolve, expand,
and implement visions that they would not be able to do alone.
·
Considering
the fact that EdenChain also offers a permissioned blockchain, in our opinion
this has a higher chance of implementation in real world organizations,
compared to a public blockchain. Public blockchains are difficult to govern and
keep secure – this differs from a private blockchain.
·
The
technical whitepaper is very detailed and explains the architecture, security,
and technology very well.
Roadmap
Edenchain alpha version to be out in late April as per CEO
Ahn’s comment
The main significant point is Mainnet launch is planned in
Q1 2019 so it sounds to be achievable!!
Staring of Helloeden ICO platform in Q2 2018
Exchange listing of it in EDN token in Q3 2018
Partners and Investors
3 Major
Users are already signed up to board their first alpha:
- 1. HelloEden – HelloEden will be the first to implement EdenChain in Q2 2018 and is mainly targeted at the Korean Market. EdenChain will provide ICO coin release, marketing, and investment, a total service on the basis of a platform.
- 2. CleanDeal – Cleandeal is a B2B open-market platform, run by YT Corp and will be launched in Q4 2018. The platform provides coin and Blockchain technology that is needed for B2B service for Cleandeal.
- 3 MyCreditChain – MyCreditChain is using Edenchain Platform to provide coins and Blockchain Technology to provide P2P service. This will be launched in early 2019
TEAM
James Ahn
(CEO) – He served as a consultant to the NIA Platform, a technical advisor to
the National Computing & Information Service, and an advisor to Cloud for
the Korean Agency for Technology and Standards. He has written four books and
several papers relating to machine learning and finance, and delivered
presentations at several conferences for the development of technology, such as
Pycon and Open Technet.
Co-Founder
Jenny Ryoo wrote award-winning bachelor’s and master’s theses at Korea
University and Dongguk University, respectively. She has ten years of
experience in the field of IT. She has performed customer analytics studies to
analyze and predict users’ behavior patterns by analyzing web user logs of the
National IT Industry Promotion Agency. She is the co-author of one book and has
written two papers.
Hokyun Kim
– Blockchain Developer. Over 18 years in the field of IT. He was the first in
the world to develop Saw & PinckandPlace. He developed SK Telecom’s WAP
Mail Gateway which provides standardized APIs on 7 portals, reeling in 200,000
paid subscribers within a month of service launch.Other enterprise products
developed by Hokyun includes signal detection and decoding systems, and signal
processing algorithms.
Karl
Pfister (Advisor) – Karl managed global technology partnerships for digital
imaging and connectivity with corporations such as IBM, DELL, Toshiba, Fuji and
Casio. Karl’s experience in professional services marketing has led him to
running a multi million dollar business. He is currently serving top clients
such as Samsung, Microsoft, Lenovo, Huawei and others, in IT, Consumer
Electronics, Appliances and Office Equipment.
Don Chang
(Advisor) – Don Chang was Oracle’s director for 5 years, and he has also worked
at SAS and Ernst & Young. He also
gives lectures and conducts research for Universities and Conferences regarding
Block chain, AI, and Big Data. His published books are [How to work with Big
Data], [Living as an IT Expert]
Website : https://edenchain.io/
Telegram. :
https://t.me/edenchainio
Author: JonyAce
Username bitcointalk: JonyAce
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1886490;sa=account
ETH address :
0x95295a487AC1Ca8516c6ddb055C0361D504ea43e
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