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Wanxiang Blockchain and PlatON launch consortium blockchain infrastructure

Monday 7 October 2019 00:14 CET | News

Wanxiang Blockchain, a China-based non-profit research institution and computing network PlatON have launched a consortium blockchain infrastructure, PlatONE.

PlatONE includes several features such as one-click contract data migration and a contract naming service (CNS). Along with easy-to-use toolchains and components, as well as optimised user-permission models, the open-source infrastructure can be tailored to a variety of use cases and application scenarios. In order to ensure that the network is compliant with local data privacy requirements, PlatON leverages a host of cryptographic algorithms and privacy-preserving computing. PlatONE provides a mature ecosystem for blockchain application and development, allowing developers to easily migrate and create technology stacks for the wider consortium ecosystem.

PlatONE has successfully executed proofs-of-concept (POCs) across application scenarios ranging from supply chain finance, anti-counterfeiting and traceability, point management, equity registration, logistics, and asset management for charitable trusts. Most notably, a supply chain financial platform built on PlatONE has successfully attained 56 participating companies from the technology and banking sector.

 


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Keywords: Wanxiang Blockchain, computing network, PlatON, PlatONE, blockchain infrastructure, supply chain finance, partnership, product launch, blockchain platform, blockchain consortium
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