Beijing, China, 22nd March SCRY, a practical low-level underlying protocol system using data as the subject matter of transactions, is going to be launched as a double-chain blockchain in April 2018. The developers of blockchain commented at a press conference that this double-chain is going to be constantly improved by their researchers and their ultimate goal is to serve disparate industry segments, create value and enable data to be the core of blockchain-driven systems. They also informed that in June 2018, an independent low-level supporting application DAPP, the “α” version of SCRY, will be launched in the market to clean data in the intermediate protocol layer and the double-chain underlying layer.
“In 2014, our Chinese R&D team started to research and develop a commercial blockchain application for international agriculture supply chain transactions. However, back then, few people knew about the feasibility of using blockchain in real-world applications, such as product trade or supply chain credit rating. We collected agricultural data of upstream producers, and automatically recorded the analysed results into corresponding supply chain blockchain nodes. We also did matchmaking for international trade by leveraging Big Data on market demand and we customized secure collection of food data for diverse end-users, to provide producers real-time consumer market trends, helping them optimize their business models and decisions”, commented by a member of the SCRY research team.
“In the last four years, we have gone through a lot of trial and errors. We have streamlined the business, solved the problems of hidden 2C transaction costs, and have expanded and opened the market. We now provide transaction services to agricultural entities in over 17 countries and assist underdeveloped regions in monitoring agricultural data, to guarantee the quality of international supply chain”, he added.
The year 2017 marked the ninth year from when Nakamoto Satoshi first proposed the concept of blockchain and released the BTC code.
Remembering the landmark moment, one of the chief executives of SCRY said, “We believe that in the next three to five years, blockchain industry will develop rapidly, pushing traditional industries towards utilizing blockchain applications. From a technical point of view, in computers, all callbacks are data; hence, digital trading will be driven by smart contracts, and blockchain will lead the development of a real sharing economy. Thus, in July 2017, we established a non-domain specific international project, which is SCRY.”
“Development of blockchain applications in various fields is infusing energy in the concept of shared consensus and mutual benefits. It is a form of social cognitive development. However, blockchain connects strangers through value chain of consensus, and the chain is developed unceasingly into a value ecosystem, where a block is generated every second. The core mechanism for increasing profits and lowering costs is the incentive or gas generated from smart contract transactions and reversals, which enables different people and organizations to cooperate, and protects the protocol rules of the consensus mechanism. All technology-led industry changes dramatically to reshape the value model”, he added.
As is said by the executive, blockchain is a value model based on consensus, trust and sharing, which encourages altruism and mutual benefit. “In this furious fight for survival in the market economy today, the strongest individuals or those who can adapt fastest, survive, while weak individuals or those who can’t adapt, are cruelly eliminated. Through this means, biology evolves. In modern society, with a high degree of division in labour and digital information, we still follow the essence of the commodity economy – exchange. At least two subjects and two commodities are involved in any commercial exchange, which means the original structure of the commodity economy is dual, rather than singular, as assumed in traditional economic theory. Through this dual structure, we can also conclude that the commodity economy is based on mutual benefit and not individualism. The blockchain protocol automatically records data into blocks, and through smart contracts, accounts can be automatically evaluated and settled,” The words were quoted by a local newspaper.
The CEO and managing director of SCRY said, “As we enter a more comprehensive digitized society and an era of AI, every individual becomes a digital contract asset. Blockchain comprehensively meets the needs for security, automation and efficient consensus, and it is easy to load system protocols to every participator and confirm equity reversal and equity transactions through a virtuous incentive chain. The reason why blockchain has universal value is that it applies to all industries and accords with a created mechanism which combines core purpose with acceptable value. The only purpose of any operation is to create value for some people. The best utilization of SCRY data protocol layer is to create value for everyone associated with the data protocol.”
He also told the press that the 21st century is the era of technology and a digital information society which connects everything, including individuals and commodities.
“In the past, different fields were isolated and developed on their own ideas, but now technology is developing more frequent and effective connections between different fields. At the moment, blockchain is a value protocol layer that is most suitable for a consensus mechanism and there is no requirements for a third-party, this combination can increase profits, lower costs and share benefits with every participator”, he expressed his strong hope.
About the Company
SCRY is a low-level double-chain underlying protocol system.