Based on business needs of various platforms, the digital asset solution extracts the entire business process of commodity wholesale, goods circulation and retail. It builds the entire business activities online, and provides points management as a way of marketing and customer retention; While the commodity and points are digitalized as on-chain asset, on the one hand, it is convenient for activity tracking of product information and business activities; on the other hand, it is connected to more scenarios besides online mall.
Blockchain offers a way to record digital asset and points as a immutable record. It also provides an exchange for assets swap.
Each asset, organization, or user will have a unique decentralized identifier (DID) on blockchain. DID is a new type of identifier that enables verifiable, decentralized digital identity.
Provides capability for organizations on other blockchain to be easily integrated into the system. Thus, the system can provide financial services to more organizations or people.
The system provides an asset exchange services for different assets owners to exchange for other assets on an open and fair market, which leads to a the flow of assets more efficient.
Every digital asset is pegged to one commodity in actual business world. The status of on-chain asset is mapped from the current status of an actual commodity asset. The whole lifecycle of digital asset, including issuing, transferring, and burning is managed by the blockchain alliance. Transparency and trust are enabled through blockchain governance.
The relevant information of commodities, including logistics, warehousing, production, quality inspection and other information are recorded by the corresponding institutions as node operator on blockchain. Buyers can track commodity information in real time, and the information is reliable and cannot be altered.
The platform itself provides an open business hub and merchants can easily onboard their business on the platform. The platform provides capabilities of on-chain asset management and off-chain asset circulation. Merchants can also create their own Dapp or integrate their existing business apps to the blockchain platform, and help creating a complete platform ecology.
Using cross-chain and other technologies, information such as warehouse receipts and orders of assets on the blockchain can be used as a mortgage for loans by financial institutions such as banks. Other financial institutions, such as insurance company, can access more information and provides services to their customers in a trust environment.