Since the birth of Bitcoin, blockchain and cryptocurrencies have been flourishing vigorously. However, most current blockchain projects are still on the basic level of token issuance and exchange of virtual information – there are very few digital assets which have real value to be widely used to establish a practical business ecosystem. In other words, especially there lacks an effective symbiotic mechanism between the physical world and digital world.
Future development of the blockchain ecosystem inevitably requires mutually beneficial situations of symbiosis between the physical and digital economy. IoT (Internet of Things) will be a major connection of both the physical world and also the digital world. On one hand, IoT can establish an efficient coordination mechanism between users and objects in the physical world, thus promoting efficiency and bringing benefits to various industries, in addition to a new “Wisdom Revolution”.
On the other hand, with a potential size of tens of billion possibilities and a high concurrency for transactions; IoT has the potential to create huge, high-value and steady streams of digital asset resources for blockchain.
Meanwhile, this connection need of both physical and digital worlds will promote the establishment of a value system of digital assets and network credit, in order to achieve multilateral prosperity of both digital and physical ecosystems. The 9 combination of IoT and blockchain will create a new infrastructure of all things in general.
To help advance this agenda, the SDChain Alliance launched a public blockchain that has truly adopted the blockchain to ensure the reliability of the Internet of Things. This has converged the IoT and the blockchain into a decentralized ecosystem for various industries in order that they may establish an efficient, low-cost IoT data exchange platform to give the data more commercial value, according to their own individual needs. On the one hand, it will create high-value digital assets. On the other hand, it can greatly enhance the commercial value of the Internet of Things application itself.
SDChain advanced the original schedule of the beta public chain by two months to help partners and SDChain communities become familiar with the public chain based on world’s first implementation of the ISO “six-domain model” as early as possible. The launch of SDChain’s public chain will inject a new trend into the blockchain industry, leading the industry to truly focus on the application of blockchains and ecological development to help the real economy.
David Pan, CEO of SDChain Alliance, said, “We are grateful to the support from the SDChain community and the engineering team for helping to get the SDChain public chain online earlier than anticipated, and for contributing to the rebuilding of the IoT business model.” Richard Zhou, head of SDChain Alliance Canada, also said, “The early launch of the beta chain provides the underlying technical support for the establishment of a series of potential ecosystems for potential SDChain customers during the ongoing collaborations. The international standards of the convergence of IoT and blockchain can also be applied to the field of financial technology.”
SDChain is a public blockchain that fully considers the technical characteristics of IoT and the needs of ecosystem development. Based on the existing blockchain technology, SDChain carries out in-depth optimization to effectively realize the circulation and value transformation of digital assets under credit and promote the IoT business model.
Additionally, a full Blockchain track will be available to attendees at the 2018 IoT North America Conference. Learn more at www.iotna.com