On October 26, 2018, InterValue was invited to participate in the “Blockchain+Supply Chain Summit”. This summit was held in Shanghai by the BC EVENT agency and gathered guests from first-tier blockchain projects and major supply chain companies who shared trend forecasts and application cases. The focus was made on building a decentralized ecosystem for supply chain and supply chain-financing industries. Suggestions and opinions on several hot topics such as innovative applications and the creation of supply chain financial management platforms were discussed.
Dr. Jason Loong, co-founder, and Chief Security Officer of InterValue gave a speech on the theme of "All in Blockchain 4.0— Infrastructure Layer Supporting Blockchain - Based Applications for the Supply Chain Industry" in the afternoon.
Dr. Jason Loong mentioned in his speech that there are three major pain points in corporate supply chain finance. First, SMEs financing is very complex and expensive. Second, commercial bills and bank drafts are heavy to process. Third, information is opaque and transactional authenticity is not guaranteed. The essence of blockchain technology and its characteristics could help a great deal in solving those problems and revolutionize the supply chain finance field.
As one of the world's first next-generation blockchain project, supporting large-scale commercial applications, InterValue aims to build a solid blockchain infrastructure as well as a platform to run applications with innovative core technology. InterValue has designed a two-layer consensus, quantum-proof algorithm, cross-chain communication tools, an anonymous P2P network, a transaction anonymity protection system, a highly secure Turing complete smart contract environment and other tools to make its platform as usable as possible. In addition, InterValue adopts a fair distribution mechanism to support third-party asset issuance, cross-chain communication, and multi-chain alliance. This "Blockchain 4.0" infrastructure will ultimately be applied to several scenarios in the form of public chains, alliance chains, private chains, etc. Third parties will be able to freely use this base layer and platform.
In response to the problems of the supply chain finance industry, Dr. Jason Loong introduced InterValue blockchain MT solution, which aims to use the blockchain technology to create a coalition chain platform where banks and core enterprises can interact and that will serve as the interface between all companies in the supply chain space. The use of blockchain multi-party signature and tamper-proof features makes the transfer of creditor's rights easier and multi-party consensus reduces the difficulty of processing commercial bills and bank drafts.
Among the audience, many supply-chain professionals were interested in the blockchain MT solution offered by InterValue. InterValue also invited everyone to join hands and collaborate with the InterValue solution to build functional and life-changing solutions. InterValue will participate in several events of this kind in the next few months. Stay tuned to get regular information about our project’s achievements.