OneLedger — Road of Business to the Blockchain
OneLedger is a universal, scalable protocol that allows all private and corporate individuals in the form of applications connect to different blockchains through other chains. The OneLedger mechanism will enable the business application to interact with various private blockchains synchronously through the appropriate side-chains implemented on the OneLedger platform. This project is indispensable for doing business on the blockchain. Now, finally, the blockchain and business will be able to cooperate!
The Problem Solved by OneLedger
Despite the fact that the blockchain technology is getting more popular every day, not everyone can fully take advantage of it. This is explained by many factors, the main of which is the complexity of interaction and high costs. The platform, capable of making the blockchain accessible to the masses, will definitely play a key role in the development of this technology and its promotion to the masses. OneLedger plans to change the situation fundamentally in terms of accessibility of the blockchain technology, allowing to create independently the necessary networks of different levels without complex technological things. OneLedger creators are developing a protocol that will simplify the integration of the blockchain and will allow business owners to create public/private networks based on the blockchain, introducing them into the business models of their companies. At the first stage, the customer should be digitally identified. After that, the clients can start working. There are several Internet-tools for doing business. Here you can create credit systems, digital wallets, record and transfer various applications, as well as other options available. A pleasant "bonus" is the ongoing technical support, that is, you can ask for advice at any time and they will help to answer your question. This will allow customers without special skills be able to use OneLedger.
OneLedger Architecture
OneLedger creates a system architecture that allows you to build your own applications through the various modules presented in this project using your own ip-gateway. Such a mechanism will provide interacting with various public and private blockchains. For example, with Ethereum or Bitcoin. To work in OneLedger, you need to connect the ip-protocol, which will handle the applications in this project. This protocol will handle all your requests without overloading the main network and allow you to interact with other blockchains.
The Main Components of the Protocol
- Universal blockchain protocol. Simply put, it can work with any area, regardless of whether it is public or private.
- Ability to perform cross-chain operations. This possibility works through the consensus of OneLedger.
- Numerous possibilities of business modules for interaction with blockchains.
The Consensus of the OneLedger Project
OneLedger has developed a three-level consensus to ensure more effective integration of certain applications. Business is at the first level, side chain consensus is at the second, and public consensus is at the third. This structure provides high performance and efficiency. The structure is synchronized and works in a circle. Due to the consensus protocol, all operations are performed at different levels and thereby speed up the protocol operation.
OneLedger Token Assignment
OneLedger tokens will be used to make payments, maintain this platform and encourage network nodes. They will be used by all participants of the system. The ecosystem participants:
- developers;
- users;
- network nodes.
Who is Behind the OneLedger Project?
- David Cao — Chief Executive Officer, "father" of the project. He has been working in the IT for more than 19 years. One of the main chairmen of the international association of the blockchain.
- Stephen Li — the Engineer, cooperated with many well-known companies. The total experience is more than 15 years. He is a professional in the industry, application development and banking. Chief Manager of the OneLedger protocol.
- Alex Todd — Chief Technology Specialist, Advisor. He has been working in this field for more than 35 years. Founder of Trust-2 Pay.
- Otalia Bruce is the Chief Specialist in public relations. She has been working in this field for a long time and knows all the "pitfalls". She has been working at BlockchainHub for more than 1.5 years.
- Lester Li — Blockchain Engineer. He has been working in this field for more than 10 years, including Nokia.
- Edwin Zhang — Managing Director. He previously worked as an engineer, founder and developer of various projects. The total experiencein this profession is more than 8 years
The OneLedger Project is an innovation in the world of the blockchain. It is an interesting product, which can surely make a great contribution to the development of the industry. A strong development team, thought-out marketing strategy and in fact "zero" competition in this niche can make the project the best of its kind. As to the weak points, it is worth noting the lack of a project test network at this stage.
Public OLT token sale is scheduled for June 2018.
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Cool, thanks for sharing.
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