The kind of world we live in is the one that does not tolerate excuse on weakness or someone will play on it. The services of middlemen in the world of commerce over time have become painful. Yet without the middlemen, we might not have access to some goods.
With the intrusion of the middlemen, the overall profit of the business owner reduces. Due to the lack of better alternative, this has been the means of doing business. This is what EdenChain is trying to adjust.
What is Edenchain?
Edenchain is a platform based on the blockchain technology that allows people use tangible and intangible assets for transaction. With the use of Smart Contracts on the platform, people will be able to capitalize assets to make them trade-able on the platform. Thus, Edenchain removes the service of middlemen since buyers and sellers will be linked directly.
Since the services of middlemen will no longer be needed, cost of transaction will drastically reduce. And also, the profits that should go to middlemen will be spread across users of the platforms.
What private Individuals and Companies Will Gain?
One of the priorities of the Edenchain platform is the confidentiality of users. The privacy of users is sure as the platform uses the SGX enclave and an encrypted protocol. As a result, personal history or transaction histories are not open to the public.
It will not be possible to hack into the system as their security protocol put in place which encrypts communication and protects the Datum from being accessed by hackers
Asides, all forms of communications are not saved permanently if it is external. Once the transaction is over, all external communication is gotten rid off from the system
The Edenchain platform allows data to circulate without restriction. With the integration of the smart contract, data can run without a hitch. This is possible as the Blockchain that runs on Eden is used.
Unique technical feature of Edenchain
• Proof of Elapsed Time (PoET) is a technology made by Intel. While it is the same as the proof of work system, it requires less power.
• Software Guard Extension (SGX) makes sure the selection process is not compromised.
• Median Voter Thereom (MVT) is a protocol used for processing the data that is coming from the nodes.
• Secure Wallet is not vulnerable to attack since they are hardware based.
The Team behind Edenchain
The brains behind the Edenchain platform are based in Seoul, South Korea. They comprises experts in marketing and PR, internet tech, blockchain business etc. The team can boast of a total experience of more than 50 years with keen dedication to the project. The team has sought services of global advisers to improve the efficiency of the platform to better serve customers.
Edenchain has brought forward a fast and reliable platform to execute all forms of transactions. Individuals as well as private companies can buy and sell all forms of assets (tangible or intangible) on the platform.
More information is available via the links below;
website whitepaper telegram twitter facebook
Author - Coltpython
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