WHAT IS EDENCHAIN
Edenchain is a new permission blockchain that consists of 3 layers which allows anyone to join its network and run smart contracts quickly and efficiently in a trusted environment.
Edenchain or simply Eden is a blockchain platform, designed for global Enterprises and Enterprise users. It is a Permissioned blockchain (as against Bitcoin or Ethereum which are permissioned). To stay as true to blockchain idealogies, Eden will be implementing a decentralized committee to manage the Permissioned blockchains and promises zero censorship on the data.
What exactly is Eden solving.
With so many blockchain platforms out there and new ones springing up in quick successions, it is extremely important to know the value proposition of Eden is as few words as possible.
Eden is trying to solve the major problems that Enterprises face with existing blockchains - performance and non-secured connectivity. As read further into this article these two main aspects will be explained at every nook and corner of Edens blockchain solution.
Enterprises needing to implement blockchain solutions may want to transfer private data to the the blockchain for transaction processing. Since this data is private (like users sensitive data or data that carries enterprise secrets), it can't reside in the blockchain and must always come from Enterprise's own data stores every time the data are needed. It is important that this information is transmitted securely. Eden's key value propositions among other things lies in the secure on-chain and offchain-transactions using E-Bridge Layer (detailed out later in this review).
Eden's Vision
To become a programmable economy platform for the world. Eden envisions a world where you are able to employ the blockchain smart contracts to capitalize any and every tangible and intangible asset into tokens and trade freely without the interference of any middleman. On Eden anything from your reputation to your car can be an asset that can be monetized.
EdenChain can be used in a wide range of applications and industries; to provide an ICO Platform for start-ups to launch their own ICOs across all sectors such as IoT, B2B, services, P2P Finance, shared economy and etc. EdenChain supports Solidity, currently the most popular smart contract language.
WHY YOU SHOULD BE INTRESTED IN EDENCHAIN
●ICO PLATFORM**
Edenchain support secure smart contracts on its platform which basically means that individuals with a project/prospect are welcome to host their project on edenchain
Another thing is edenchain is targeted and focused on the korean market [just as we have NEO affiliated to china] and interestingly enough,it is in a partnership with M & K,the number one[1] PR/marketing firm in korea.
B2B MARKETING
Edenchain will be used to fulfil transactions on cleandeal b2b open market platform which has a supply agreement with hyungji corp KHMA,this implicitly means there is a ready market for edenchain that will facilitate a large trading volume everyday because of its usage on cleandeal which is a major housing company in korea.
PEER TO PEER FINANCING
EDENCHAIN will support financing on its platform through cryptocurrency based loans by strategic investors to smaller investors who intend to start up small businesses,it plans to achieve this objective through a korean based fintech company named MYCREDITCHAIN.
The intresting thing about edenchain here is that its not just a platform which sets to achieve its goals and objectives on certain future criteria or potential setup,it has already strategically partnered and formed affiliation with the right set of firms/organizations necessary to make sure its eco-system runs efficiently without hiccups.
EDENCHAIN masternodes:yes,edenchain will have a masternode of its own which simply means users/investors can lock up some amount of eden to make daily returns,this would definitely result in a reduced supply which might push the price foward as time goes on.
Various consensus algorithms being used by Eden
PoET consensus algorithm for leader selection to run the block verification. Runs off-chain and in SGX enclave for high process level security against hackers.
MVT and Majority Vote consensus algorithms by the Oracle server for data selection from multiple data sources. Runs off-chain and in SGX enclave for high process level security against hackers.
Edens Partnerships
On a technical plane Edenchain has joined the Hyperledger community.
Eden believes that the future users will be enterprise users and therefore it is very important to have an Enterprise first strategy (as users will follow the Enterprise projects - which is what we are seeing on permissionless blockchains like Ethereum as well). In this regard Eden is developing two projects to attract more industry partners.
The first project is HelloEden. HelloEden is an ICO platform that provides all the necessary services to business owners who want to launch an ICO. Although not enforced, HelloEden also actively encourages users to host their ICO on the the Eden Platform.
The second project is to secure a business partner with a extensive network. Talking with business partners within Korea reveals that ICOs and blockchain technology have a close knit relationship. Eden aims to procure more partner industries through their existing network.
As part of the above projects Eden already has the following Partners that will i After all if no one builds business on top of the blockchain then its adoption is impacted.mplement projects on its blockchain
ICO Platform (HelloEden) - Partnered with M&K PR, the number one Tech PR / Marketing firm in Korea.
B2B Platform - Partnered with Cleandeal. Cleandeal is a B2B open-market platform, ran by YT Corp. that has supply agreement with Hyungji Corp., KHMA(Korea Housing Management Association) Org., Embrain Corp. etc. EdenChain platform provides coin and blockchain technology that is needed for Cleandeal’s B2B service
P2P Finance - Partnered with MyCreditChain. MyCreditChain is an affiliated company of Korea’s number one Fintech company, Finger, and it provides P2P financial service. MyCreditChain will utilize EdenChain Platform to provide coins and blockchain technology required for its P2P service.
This is just the begining. Eden recently signed an MoU with Across Asia Alliance which is a huge network of 21 incubator/accelerators with 780 traditional startup companies (AUM over $700m with more than 780 traditional startups in their portfolio). Under the agreement of the MoU, AAA will help member’s portfolio companies to conduct reverse ICO using EdenChain as their ICO platform. Hurray to fast paced adoption by business.
These partnerships will pave the way for Edens long term success
ROAD MAP
Token sale
Token supply - 1,000,000,000 EDN
Target - $24,000,000
1 EDN = $0.06
Bonus tokens will be distributed to the PRE-SALE participants.
For more information please visit the links below;
Website: http://edenchain.io
Twitter: https://twitter.com/edenchainio
Telegram: https://t.me/edenchainio
Reddit: https://www.reddit.com/r/edenchainio/
Facebook: https://facebook.com/edenchainio
Author’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2234576;sa=showPosts