ExcitingNews | GAChain V1.0 is officially released! Get to know GAChain in 5 minutes.
GAChain is officially released at 19th,Sep, and become the first public blockchain in the world that owns sovereign hierarchical management ecosystem, realizing decentralization and centralization management in transaction.
This exciting news is announcing that GAChain being a pragmatic blockchain company in the industry, realizing projects and solutions in practice.
Follow us by showing a whole picture of GAChain.
GAChain Advantage
1.Data sharing: Naturally–owned data sharing; Costs reduction of IT construction and maintenance; Guarantee the accuracy, security, tamper-proof and traceability of data.
2.Resource Directory sharing system: standardize resource directory, establish sharing channel, improve the utility of IT resource.
3.Sovereign hierarchical management: support vertical authorization for multiple applications within the organization, and horizontal authorization across organizations to ensure centralized control of applications and access rights of data.
4.Unified platform entrance: provide unified portal, access right, single sign-on capability to effectively reduce IT construction and maintenance costs.
5.Smart transaction process mechanism: efficient execution of smart contract; standardization coding of smart contract; set-up smart contract security inspection mechanism; guarantee the safe and efficient operation of smart contract in chain;
6.Virtual Dedicated Ecosystems (VDE): a standard ecosystem, that interact the data in and out of the chain to realize the function of cross-chain.
7.Sustainable economic model: The GAC is the only value carrier. The developer uses GAC to pay for development and resource usage,and there is no transaction fee for the end user.
8.Standard architecture of GAChain application: self-independent development framework, development language, and database components; easy operation for all users of GAChain to implement application development, testing, deployment and data storage.
Integrate the traditional / existing system with GAChain: zero code modification; low energy consumption of probes; fast-gained advantage of blockchain.
Data storage selectively in blockchain: critical data can be stored in chain; others can be hash-encrypted, while the hash values stored in chain, and data can be stored locally and related to hashed values.
GAChain VS Others
Today, most of the blockchains have a lot of problems, such as reducing the transaction efficiency to gain the data security.
There are a lot of obstacles to implement the blockchain technology into traditional applications.
Blockchain technology has been developed for a decade, but there is still no much practical application or projects integrating with traditional industries.
The above-mentioned seven problems are the main causes of the failure of traditional blockchain, and GAChain have resolved these problems.
Traditional Blockchain
Focus on the cryptocurrency value
The blockchain industry should focus on the technology itself and avoid the emergence of fake and pyramid cryptocurrency, for promoting the healthy development of the blockchain industry.Transaction Fee
In a traditional blockchain, user needs to spend tokens to complete a transaction, which significantly increases the cost of transaction.Low Efficiency
The low performance efficiency and insufficient processing capacity are a headache for the current blockchain industry andthe development of blockchain performance depends on the expansion of memory.Uncontrollable Data Sharing
Today, the blockchain industry faces problems of expensive construction cost, operation and maintenance cost, complicated management, unstable interface, bad data accuracy and low transmission security.
GAChain
Technology-oriented
GAChain is a technology-oriented company, whose founders are consecutive successful entrepreneurs in blockchain industry, with 30+professional employees, 50k active users and 11 practical (ongoing and under negotiation) projects. GAChain dedicates in building a blockchain platform that owns sovereign hierarchical management ecosystem, realizing decentralization and centralization management in transaction.Zero Commission
Users(to C user) of GAChain do not need to pay tokens for using GAChain Apps, which is similar to the regular Apps, enabling GAChain applications to achieve large-scale expansion.High concurrent transaction
GAChain utilizes Full-Node and Sub-Node separation architecture combine with database, making reading and imputing much faster. The sub-node carries the transaction process, and the full-node carries disaster recovery and the datasynchronization.Controllable Data Sharing
The data sharing of GAChain realizethe cost reduction of IT construction and maintenance; guarantee the accuracy, security, tamper-proof and traceability of data.
Industry solutions apply by GAChain
- International cross-border trade solutions
Using blockchain technology to improve cross-border payment efficiency and security will greatly promote the development of international trade and have a profound impact on the industry.
- Property rights management
The problem of copyright rights has always been a headache for inventors and developers.
The blockchain technology can be applied to the property rights copyright management. As long as the identity verified, the user identity will be permanently stored on the chain. If someone tries to pirate the product, it will be captured by GAChain and cannot be verified by the smart contract.
3.Investment and Financing Management
GAChain applies financial management with blockchain technologies. The distributed data storage allows the transaction of the entire trading platform more transparency to reduces the risks of in the financing investment procedure and the decentralized hierarchical management improve the security and control of user's infomation.
GAChain's projects in practice
According to the current situation of development, it is expected that GAChain chain will have more than 5,000 DApp applications, dealing 12.5 million transactions amount approximately by 2023.
ongoing-cases by GAChain
- Online administrative examination and approval service platform
of Government of Nansha ,Guangzhou
The Guangzhou Nansha government faces the following problems in the administrative approval process:
GAChain proposes a solution to build a service platform by taking the advantages of blockchain technology to create a secure, credible and authoritative “transparency” service platform.
With the date tamper-proof, data controllable sharing, traceability characteristics, GAChain ensures the authenticity of the data in the administrative approval process within the entire government department, along with the reliability and the efficiency of transaction.
2.NetEase (Tokyo)
Developed by blockchain technology, GAChain provides a convenient social life service by WeChat mini program for overseas Chinese living in Japan, which guarantees the authenticity of information between providers and customers.
GAChain's Partners
Inspur Clound
GAChain has established strategic partnership in depth with Inspur Cloud. Being the only one blockchain solution provider of Inspur Cloud.
AWS
GAChain has established a long-term strategic partnership with AWS Cloud(Amazon Web Services) to jointly deploy blockchain industry applications.
Sum up
GAChain is a new blockchain underlying protocol based on the consensus mechanism of DPoVE (Delegated Prove of Valued of Ecosystem). To meet the requirements of government, business, and regulator, the “smart contract” mechanism is created to place them in the framework of law. The authorization of the formulation of smart contract is owned by various government departments and respective agencies, making a blockchain an ecosystem of commercial/financial and businesses, guided and supervised by the government.
The healthy development of the blockchain needs down-to-earth enterprises to realize the technology. Although there are flowers and thorns waiting ahead, GAChain will maintain the world's first-class research and development level and never give up the spirit of innovation, making blockchain technology truly change the world and life.