Application Scenarios

 
Construction of SilkChain Ecosystem
To construct the SilkChain Ecosystem by incentive mechanism
The development of the SilkChain requires the establishment of a sound ecosystem,SilkChain users and communities with consensus mechanisms are important goals in the construction of SilkChain.Through the Silk Token incentive design,circulation design and the development of a variety of incentive applications,SilkChain are constantly attracting the participation of global trade participants in the SilkChain ecosystem.SilkChain will accumulate the trade data and behavioral data in the ecosystem for the establishment of credit system and a global Blockchain free trade zone.
Silk Lucky Money
Silk Lucky Money is a cross-platform,cross-distribution crypto currency circulation management tool based on the 3.0 version of the SilkChain Blockchain technology,which includes application functions such as currency purchase,exchange,payment transfer,and community advertisement bonus.In the Silk Lucky Money page,you can use common functions such as sending and receiving lucky packet,writing content,and viewing records etc.

In the SilkChain community,sellers can edit content(insert video and text)on the Silk Lucky Money page,set the amount of lucky packets,send to users,and users can get Silk Token when they read advertisements.At the same time,Silk Lucky Money is not only limited to the SilkChain community,but it is also suitable for using existing social platforms such as WeChat,Facebook,WhatsApp,and Telegram to completely subvert the existing community advertising model.
Users
All users
Highlights
●Sellers can adopt any social platform to do marketing in the form of Silk Lucky Money Ads;
●Users can pay directly by Silk in the form of Silk URL without payment tool in any social platform;
●Community users can be assembled rapidly,making SilkChain ecosystem vibrant.
Application diagram

Silk Ads

Surf Ads get Silk

Surf Ads get Silk

Shared Bonus
Share lucky packets to others for Silk reward
Shared Bonus,launched by SilkChain,is an actiivty though which new users can scan the code and register so as to earn rewards.In the SilkChain community,users can repost Shared Bonus to their friends.When the friends become new users after scanning the code to register, they can directly receive Silk Token rewards from the lucky packet. Then,after they receive the lucky packet and complete the KYC certification,the sharer himself can also get the equal Silk Token rewards.Through such invitation activitity,the regular users can get the lucky packets shared by his social circle and obtain more Silk Token Meanwhile,with a surging number of new users,the SilkChain ecosystem will become increasingly prosperous.
Users
All users
Highlights
●All users can register for new users through Silk Luck Money.Once registered,both inviter and new user will receive bonuses;
●Suitable for any social platform;
●Accumulate community users rapidly&Active Silk chain ecosystem.
Application diagram

Shared Bonus

Copy lucky packet link

Get lucky packet QR code

 
E-commerce&Blockchain for The Trade Centers
To help global trade centers E-commercialized
SilkChain Due to a lack of IT skills and the underdevelopment of e-commercial functions such as payments,community connection,presentation of products,etc.,the global commercial centers(the global traditional mall,shopping mall,business district,etc.)and some small enterprises have an urgent and strong demand for an e-commercial service.

Provide e-commercial service to this kind of commercial center through their cooperative partners,assist them in e-commerce operating based on Silk Token and constructing their own on-line e-commerce platform,and absorb them into SilkChain ecosystem.Through the circulation of Silk Token in the system of e-commerce platform,it can accumulate and link the trade data and behavioral data to Blockchain,thus completely realizing the transformation of e-commerce,big data,Blockchain of the traditional commercial center.
B2C E-commerce Platform
SilkChain provide e-commercial service for this kind of commercial center through their cooperative partners,assist them in e-commerce operating based on Silk Token and constructing their own on-line e-commerce platform,Members of each business center can obtain Silk by shopping,spending,and commenting on their online platforms and stores.At the same time,they can use Silk Token to participate in privileged activities such as merchandise redemption,prize exchange,and sweepstakes promotions.Through the circulation of Silk Token in the SilkChain system,big data was obtained and the consumer credit system of partners was built.
Users
Global 10300 Traditional Mall
Merchants
Consumers
Third-party Service Providers
etc.
Highlights
●E-commerce,big data,Blockchain of the traditional commercial center;
●Select more high-quality products indoors;
●Shopping offline,online orders are cheaper;
●Get Silk easily,do shopping happily;
●Establishing credit big data between Merchants and Consumer;
●Silk points promote consumption,get the customer information.
Application diagram
Home
Get Silk
Invite
B2B Trade Service Platform
In the SilkChain ecosystem,the B2B trade service platform is an important application scenario that promotes business opportunity cooperation,order matching,and business relationship establishment.Silk B2B invites traditional B2B service organizations,B2B e-commerce service platforms,commercial exhibition service organizations,and traditional wholesale market operators all over the world to develop Silk B2B applications in the SilkChain ecosystem.Kinds of resources are integrated into the ecosystem to promote the development of trade businesses.The Silk B2B trade service platform will completely abandon the role of middlemen,provide“decentralized”business opportunities for buyers and sellers,cooperation as the main service content,and introduce third-party trade services such as:marketing services,logistics services,information services,payment services,supply chain service,etc.
Users
Global medium(small)buyers
Importers
Suppliers
Third-party Service Providers
Highlights
●Select more high-quality products indoors.、Purchase products from Chinese suppliers online;
●Easy release of new products,management product display;
●Do business,make a deal and manage orders check the payment information at your will;
●Get Silk easily,do shopping happily;
●Third-party facilitators offer service,obtain commission and Silk;
●Smart contract boosts online cross-border trade.
Application diagram

Seller submits
quotation get Silk

Buyer offers silk
get quotation

Online
communication

Silk Contract

Silk as transfer medium for business

Silk Selection
The Silk Selection distribution platform establishes a connection between global purchasers and manufacturers.It uses Lucky-Money Ads to attract global SME users and consumer user traffic and it traces the products from the beginning to control production,logistics and sales to provide global consumers the superior products.The Silk Selection distribution platform promotes the consumption circulation through the integration of blockchain technology,logistics services and supply chain financial services.At the same time,it resolved the cross-border credit&settlement problems.The Silk Selection distribution platform provides all kinds of activities like Promotions,Entertainment activities,Token Mining etc to build a ecosystem with long-term active and high viscosity users.
Users
Manufacturer
Global medium(small)buyers
Third-party service providers
Highlights
●Establish the centralized purchasing center in the industrial belt cities in China and integrate those supply chains to select superior products directly from factory;
●Integrate the terminal wholesale markets overseas and establish local distribution centers to deliver the packages directly to B/C customers;
●Tracking the whole process of the product(how it be produced,how it be delivered,how it be sold)based on the Blockchain technology and finally connect the end users and manufacturers;
●Build the global distribution platform with directly factory supply,local distribution and transparent price ultimately.
1.Silk Selection Origin Tracing
Silk Selection Origin Tracing utilizes blockchain technology to track product info,logistic,sales,prices and comments so that every commodity will be transparent which means every step can be tracked/checked After scanning the QR code on a product through Silk Selection App,the user will be able to view a product information tracking page.Here the user can view all the basic information about the product and review the product.Unlike traditional rating systems,Silk Selection Product tracing will relay high value feedback directly back to the manufacturer to improve the product.At the same time,the reviewer will be rewarded with Silk Tokens.

Product Details

Reviews

Source of Logistics

Source of Price

2.C2B Advisor
C2B Advisor auxiliary marketing applications is a support tool for Silk Selection,That means sellers can receive user feedback using Silk Token as payment and users can also receive Silk Token as reward for high quality feedback.On the comments page,sellers may view 3 high quality feedback comments for free every day.Users may purchase additional feedback for Silk each after they viewed those 3 free feedback comments by clicking the green icon in the upper right corner.
3.1 Yuan Purchase
It is a lucky draw which means customer have chance to get high-value products with supper low price by paying specified money(Silk Token+legal currency).This kinds of activities will attract a huge amount of customers to join it and increase the customer viscosity.
Cross-border Silk Selection Distribution Project Landed in Bahrain,April 2018
In April 2018,the cross-border Silk Selection Distribution project has been officially landed in Bahrain.The Project brought consumers around the world with high-quality products directly from China's factory through combination of the online Silk Selection Platform+offline Silk Selection stores,and clearly showed the real cost of those superior products like cost information,logistics cost information,tax and fee information by Blockchain Technology;At the same time,it provided the user with review-writing function for the product and gave those high-quality reviews Silk Token as the award;What's more,it opened up the communication channel between global consumers and global factories by Silk which will help factories to collect real&effective terminal feedback from customers.
 
Silk Pay
To solve cross-border payment pain points
Silk Pay is an important application scenario of the SilkChain ecosystem.
Silk Pay is dedicated to improving the $12 trillion SMEs cross-border trade payment market.
Silk Dollar,featured by digital encryption,stable exchange with legal tender(U.S.dollar),and highly applicable to international settlement,is the payment medium of Silk Pay.
Users
Global 10,300 Traditional malls
Merchants
Consumers
Third-party Service Providers
Manufacturer
Payment Medium of Silk Pay:Silk Dollar
Silk Dollar is a kind of blockchain Digital Currency,featured by digital encryption,stable exchange with legal tender(such as U.S.dollar),and highly applicable to international settlement.Silk Dollar has a property of currency,and it can be used to pay,transfer and cross border remit.
Attention:Silk Dollar and Silk Token is different,Silk Token is a kind of Utility Token,It represents all the services and rights in the SilkChain ecosystem.For example,when a buyer who holds a certain percentage of Silk Token conducts transactions in the SilkChain ecosystem,he can obtain the corresponding service like trade financing.
A brief description of the Silk Pay process
Buyer exchanges local currency for the Silk Dollar in a local exchange The Silk Dollar is paid to the seller through BlockChain technology The seller exchanges the Silk Dollar for the local currency in a local exchange
The total payment process takes under a workday,greatly reducing the time and capital costs of cross-border payment.
The payment fee can be paid with Silk Token
Silk Pay VS Traditional Cross-border Payment
Features of Silk Pay
Use Silk Dollar as the payment medium
Use Silk Token as the payment fee
Stable cross-border payment system:SilkChain+Certified financial institutions
Compatible with other constant currency and digital legal tender
Payment Process of Silk Pay
 
Silk Finance
To provide service to global SEMs
The majority of the enterprises on the SilkChain are micro,small and medium-sized enterprises with relatively low credit rating whereas many businesses even don’t have a credit rating,thus having trouble getting the financing and loan services from the bank or financial institutions.Financial demand can only be limited locally,with limited supply and high interest rates.SilkChain's trade financial solution is essentially to guarantee the authenticity of the data through the SilkChain platform,and to ensure that the automatic execution of contracts through intellectual contracts is not interfered with,and that the authenticity of the documents related to the financing trade is guaranteed through the blockchain certificate system.The SilkChain–Migrant Bird Financial Services provides intermediary platform and subsequent disposal of bad assets.In this way,we hope to attract global financial institutions to participate in this market,so that local small and medium-sized traders can enjoy the globalized services,and effectively reduce their financing costs,and convert the benefits from blockchain technology into financing dividends.
Users
Global 10,300 Traditional malls
Merchants
SMEs
Features of Silk Finance
●Based on blockchain technology,the solution is implemented in phases.In the first phase of the on-line system,put certificates online and follow a semi-manual credit applications process;in the second phase,achieve a full range of online financing processes through smart contracts;
●Provide closed-loop information for all second repayment sources,for example,providing third-party assessment information to ensure the integrity of pledge information;
●Do the financing based on Silk Dollar to ensure a stable rate between the legal currency;Charge service fee based on Silk Token;
●Provide various forms of risk mitigation,including the introduction of guarantor;
●Finally,form an open platform to access a variety of third-party financial institutions including banks,insurance companies,factoring companies,etc.to provide a variety of trade financing instruments.
Financing and Credit Process Supported by Certificates
Through the SilkChain certificate,the contract conclusion and storage between the importer and the exporter can be provided,and all relevant third parties,including logistics companies,warehousing,etc.,can put related documents on the chain to ensure the authenticity of all chain documents and closed loop.
Information offered by the SilkChain Certificate
Credit Process Supported by Certificates
Short-term Goal
Financing Facilities Supported by Smart Contracts
After the smart contract is completed and the buyers and sellers finish the negotiation after the SilkChain matchmaking,the digital contract can be signed through the smart contract.
Apart from including buyers and sellers,the digital contract defines third parties involved such as supervision departments,authorities,law enforcement agencies,arbitration bodies and evaluation institutions.
The third party may confirm the triggering conditions in the contract,thus starting the function of the smart contract.
To prove his or her holding of the digital documents(e.g.texts,images,audio,and videos),the party can store the relevant documents in the Blockchain system which provides privacy protection and distributed data storage.
One-side certificate
It refers to the service of contracting digital contracts for a limited number of parties through a certain procedure.The entire procedure is accessible for all participants on the chain,thus preventing illegal modification and disavowal.
Multi-party contraction
After certificates are stored,data transactions can be done through encrypting and exchanging peer-to-peer data.Such transactions ensure that data can be decrypted only by the authorized parties involved in the exchange and query.
The exchange or query of certificate data
Trade Financing Supported by Smart Contracts
The buyer or seller can apply for relevant trade financing based on the smart trading contract of both buyers and sellers.Different financial institutions will provide templates for each product to choose from.
Trade financing products available to
buyers and sellers
Smart letter credit Silk LC
Warehouse receipt pledge
International Factoring
Insurance
Other
The process of opening the smart letter credit on the SilkChain–Silk LC
The importer applies for the letter of credit(L/C)and the loan under L/C based on the smart trade contract.
The financial institution determines the background of trade financing according to the smart trade contract,opens the letter of credit based on the importer's credit situation or the second repayment source,and inform the exporter and the logistics company that the smart contract comes into effect.
The loan under the L/C of the importer is locked by the smart contract in the form of Silk Dollar.
The logistics company provides the logistics information uplink and proves that the packing triggers the conditions of the smart contract.
According to the terms of the smart contract,after the artificial judgement(if any),the money will be refunded to the exporter's wallet address in the form of Silk Dollar,and the bill of lading will be locked.
The importer will repay the loan and the money will enter the wallet address of the financial institution in the form of Silk Dollar.The smart contract will automatically lock the bill of lading and give it to the importer.
The importer will pick up the goods by the bill of lading.
Long-term Goal