In the history of human development, there have been three industrial revolutions. The first was marked by the invention of the steam engine, and the machine replaced manual labor. The second is the breakthrough, application and the invention of the internal combustion engine as the symbol, which directly pushes the human into the era of electrification; The third time in electronic computer, nuclear power, space technology, marked by the invention and application of biological engineering, not only promote the huge changes of human society, more profoundly affected the human life and the way of thinking. Each time the industrial revolution brought huge increase in productivity, as one of the factors of production and production relations, change is not so big, still is a top-down, centralized organization pyramid level. The more complex the organization’s business, the more layers and the more difficult it is to improve efficiency. Blockchain is a decentralized and trusted network, which can realize point-to-point value exchange.
ETCS puts security, stability and extensibility first in design. By introducing virtual machine, intelligent modular sandbox, value exchange and bifurcation mechanism, thus creating a continuous evolution, easy to use, low cost, appropriate customized block chain network. In addition, the ETCS can theoretically reach the usable performance of 1000TPS through the optimization of block spacing, block capacity and consensus algorithm. Through technological innovation, ETCS will be able to solve the trust between people and create a new network of production relations, which organically integrates community consensus, individual behavior and value exchange.
ETCS has established a chain platform for warehousing, logistics, digital bills and corporate credit. Objective to realize the information of goods, warehousing, logistics and accounts receivable jointly witnessed by upstream and downstream enterprises and financial institutions. The issue of digital instrument, acceptance, confirmation, circulation, split triggered by all participants of the supply chain through contracts, trigger conditions can be based on warehousing, logistics, chain blocks, as well as the core enterprise changes the state of the data in the database, triggering rules according to the written contract of the parties involved, abide by the rules or violate behavior will be recorded reference block chain, and cannot be tampered with.
George Larkin is a senior software development engineer at the back end and database of the ETCS team, specializing in software architecture and object-oriented design. For many years George has focused on the design of product solutions. George proposed to use BaaS, smart sandbox and other technical advantages, enterprises can realize rapid deployment. Through the low cost and fast split of the block chain network, the connection protocol is established by using the VEP, and the event driver is realized by integrating the data. All participants can jointly verify the authenticity of the data so as to ensure the smooth flow f funds in the supply chain and enhance the cooperation efficiency.
ETCS provides a digital currency fund market, as a platform on the outstanding funds to provide product display and sales service, you can see more funds for ordinary investors competitive and outstanding performance, so as to choose investment targets in a larger scope. Through ETCS, ordinary investors can choose fund products that meet their risk preference and earnings expectations, and complete a direct investment.
The use of ETCS allows people to see again the power of technology to change the world.