SilkChain is the first blockchain project dedicated to improving international trade and consumer spending ecosystem. Silk represented the common currency in ancient international trade. SilkChain is a Decentralized Autonomous Organization, or DAO, in where Silk represents the digital token.
Founded in Singapore in 2017, ITDC has jurisdiction over the International Digitalization Trade Foundation and is committed to establishing a decentralized global digital free trade zone. ITDC applies blockchain technology to develop a new generation of platform with smart contract. And here, named this network the SilkChain.
SilkChain has been recorded and highly rated by the most international professional blockchain rating agencies. They conducted comprehensive data tracking and professional evaluation of SilkChain's project idea, business model, product, team, reputation, community activity, website and white paper, etc.
Credit problem is the main issue in international trade industry, especially for small and medium sized enterprises or merchants who unable to obtain bank letters of credit. The credit problem among the merchants leads to the difficulty of large and efficient trade occur. The credit problem between merchants and financial institutions leads to the difficulty in introducing financial leverage, high occupancy rate, and low circulation rate. These are the main reasons for the stagnation of the international trade industry for many years. Only by breaking centralized organizations around the world and establishing decentralized autonomous organization(DAO)as well as global decentralized business credit eco-system can the development of international trade be fundamentally promoted.
The current centralized system of credit service provider is an information island, which has independent data structure, data ownership regime, and no public security mechanism that unable to reach a global unified interconnection and mutual trust. Applying the idea of blockchain can build a share, interconnected, trust, measurable, and global unified credit system that a decentralized alliance solves the problems of regime, data structure standard solves the problem of interconnection, smart contract solves the problem of mutual trust, and introducing token solves the problem of the value of information interchange transmission.
In the base layer, using increasingly mature technology of public blockchain to lay down a smart contract template and data structure standard for fulfilling the industry standards. Authenticity endorsed by trusted nodes to provide information and cannot be tampered with or denial of consensus, issuing digital certification to ensure the value of information transmission.
In the middle layer, design a series of mechanism, including general API access across the blockchain, smart contract and data separation, reliable blockchain of external business logic execution environment, and message driven asynchronous intelligent contract, visual intelligent contract editor and validator that can make a large number of current internet industry applications move to blockchain industry quickly.
In the application layer, rely on alliance partners of SilkChain, establish a credit big data system of decentralized global merchants, then establish credit based payment service, supply chain finance service, B2B trade service, and decentralized application of insurance and factoring services to graft all industry ecology, expand the industry as a whole increment, and accelerate the stock transfer from traditional trade to digital trade.
SilkChain Decentralized Global Free Trade Zone
In 10300 marketplaces around the world, there are conglomerates, wholesale markets, logistics companies, traders from more than 20 countries, gathering tens of millions scale of user capacity. The founding team or the first partners of SilkChain are the initial investors, consumers to drive SilkChain to be applied.
Paloma was founded as a distribution company using tiered sales system or better known as MLM(Multi-Level Marketing). Paloma brings quality products that meet the needs and wishes of the Indonesian women to all corners.
Bahrain Dragon City
Annual turnover reaches $200 millions, with more than 500 merchants, and the average daily flow rate reaches 30,000.
As an integrated solution provider for international trade and transportation, Great Way has more than 80,000 overseas business channel resources with annual container capacity of 90,000 TEU.
Complete SilkChain local service solutions, providing cross-border e-commerce IT Function.
Complete SilkChain business matchmaking solution where silk token will be used as credit pledge to improve the efficiency and remove the intermediation as well as the commission pattern.
Complete SilkChain trade finance solution short term goal, using credit insurers model supporting semi-manual supply chain finance and accumulate experience for the long-term goal.
Start R&D on SilkChain 2.0, a consortium technology with smart contract supported
Upgrade App into DAPP, with reliable transaction data stored in the SilkChain’s blockchain layer.
Complete SilkChain Cross-border Payment Solution, with Migrant Bird Finance and other financial institute linked into SilkChain, with the stable value token--Silk Dollar issued.
Complete smart contract development and testing.
Complete trade finance solution long-term goal via smart contract function.
Complete the P2P platform, which can introduce global individual investors via smart contract function.