Blockchain Ecosystems: The Best Is Yet to Come– Building a System Where Everybody Wins
Looking back at history, one can notice that whenever new and old systems coexist, society experiences major changes that provide new opportunities and bring challenges.
Building an ecosystem is a critical need for any public chain project. Running applications on-chain is what gives value to any public infrastructure because the underlying technology does not carry any value if there is no practical use. In addition, the public chain itself and the ecosystem that is built on it are complementary as they both need each other to subsist.
The entire blockchain industry is now in a bottleneck period. Public chain projects are blooming, but very few of them are truly able to support ecosystems of large-scale applications. The vast majority of the public blockchains offer weak performances, which prevents adoption. Many of the applications previously designed are disconnected from reality and leave us with promises that will remain virtual. Ecosystem construction is a complicated process. Many public blockchain projects that have just begun building their own ecosystem slowly move back to the research and development phase. This also proves that most infrastructures are not yet mature enough to support practical applications.
Today, we invited Barton Chao — InterValue’s founder — to introduce InterValue’s blockchain ecosystem layout and to tell us how he created a system where everybody wins.
The biggest advantage of InterValue compared to other public blockchains on the market is that InterValue boasts extremely high performances, enough to support the on-chain deployment of powerful decentralized applications. Now that InterValue has launched the construction of its ecosystem, it has already signed several strategic cooperation agreements with companies across multiple industries. Apart from technology companies, there are many traditional fields that the public is familiar with:
On September 28, 2018, InterValue signed a strategic partnership agreement with Xiangjian Huiwei — Beijing’s first “blockchain restaurant” — to cooperate on the development of blockchain technology in the field of catering.
On September 29, 2018, InterValue officially signed a long-term strategic cooperation agreement with Yonsamity Smart Inn Yunge, The two sides will jointly explore blockchain application scenarios in the hospitality industry.
On October 2, 2018, InterValue and HashStor, the most cost-effective professional IPFS mining machine, officially signed a long-term strategic cooperation agreement. InterValue will provide HashStor with comprehensive support for blockchain distributed storage.
On October 4, 2018, InterValue has entered into a long-term strategic cooperation agreement with BodyOne, the world’s first blockchain fitness ecosystem project. According to the terms of this partnership, the 2 parties will jointly build a new ecosystem of blockchain-based fitness applications.
On October 9, 2018, InterValue’s technical partner, ChenHan Information Technology, officially signed a long-term strategic cooperation agreement with Magcloud Technology. Both sides will join forces and collaborate in blockchain strategy research, technical research and application development.
On October 10, 2018, InterValue reached a long-term strategic cooperation agreement with Fangwu Network. Both sides will cooperate in the field of art trade and work on implementing blockchain-based solutions.
On October 2018 th, OSA DC, the world’s first decentralized, AI-driven marketplace, providing real-time solutions to retailers, manufacturers, and consumers, announced the start of cooperation with the InterValue, Since InterValue will become an International public chain, its strong technological strengths will create a perfect ecosystem with OSA.
The company proved itself working with such companies as Rootscap, Benrui Capital, Whales Capital, Crypto Laboratory, Obsidian Capital, Ok Crypto, Bigcoin Capital, Eyu Capital, Reflexion Capital, Hello Capital, Starwin Capital, Skyline Capital, Cloudchain Capital, Genesis Capital,Skywalk Capital, Hua Ying Capital, Tokenmaster, Icodrops, Bishijie, Icogens, Bigcion and many more, and showed great results in DAG model-based design, improvements in storage capacity, transactional throughput, and security capabilities.
InterValue has been steadily moving forward while building a blockchain ecosystem, layout, focusing on realistic applications and addressing practical needs. At the same time, it will continue to carry out the ecosystem, construction through the development of multi -level applications, general applications, and industrial applications, and to achieve continuous breakthroughs in finance, entertainment, social, logistics, medical, energy, public welfare, and agriculture. The InterValue Foundation will also launch an eco-fund for ecosystem construction. At the same time, InterValue is preparing to launch its first working dApp, distributed storage, in the first half of 2019.
While the costs of centralized cloud storage mainly come from employee wages, legal costs, data center rents, etc. and are constant or gradually increasing, the service price is getting higher and higher. The cost of distributed storage is only 1–10% of the centralized storage cost. If the distributed storage system is fully automated, the price of the storage service will eventually drop to near zero, and the scale advantage of the centralized cloud storage service will be completely annihilated. Furthermore, distributed storage can improve the reliability, availability, and access efficiency of the system, and is easy to apply in the blockchain field.
One can foresee a future where distributed storage will be a major direction for the development of future storage technologies.
Another obvious field of application of blockchain technology is a selection. For example, selecting an actor, rating participants in a contest and other functions. Blockchain technology can be easily integrated into the interface between the public and the performers and allows for transparent, reliable, decentralized selection.
Of course, there are still many shortcomings in the construction of InterValue blockchain ecosystem. This is a long-term process that also requires a careful approach in order to ensure that no problems arise during future use. At the same time, we must find more partners and maintain high standards in the selection of those partners. InterValue will soon organize in-depth discussions within the R&D team to establish to facilitate the work of the core team while keeping up with the construction of the ecosystem. It is crucial for the team to continue to improve the public chain and its core features and to develop more applications at the same time.
Let’s thank Barton Chao for his sharing, and let’s look forward to the surprises that InterValue will bring to us next time!
This article is extracted from Linker