EDEN
PROGRAMMABLE ECONOMY PLATFORM
EdenChain is a blockchain-based platform that allows all the values to be capitalized and traded.
The platform works on what is called a Programmable Economy Platform technology, and can capitalize and trade all kinds of assets.Which means that edenchain provides the means to tokenize any tangible or tangible asset through smart contract and its block chain platform.
Main difference between Edenchain and other blockchain competitors:
The main benefit and point of differentiation between EdenChain and other blockchains is the tokenization of tangible assets. This will allow physical assets to receive the same benefits as their digital assets in real world. That’s huge.
Example you have house worth 100k ,now you can tokenize immediately and use it for real world purposes.
Key Elements needed for a programmable economy:
The two problems they are catering specifically to are security and increased performance. They are doing this through their adoption of the permissioned blockchain approach, similar to Hyperledger or Kedana.
EdenChain uses the E-Bridge layer to retrieve data from multiple data sources when a non-deterministic smart contract is interfaced with an external system, encrypts the data, and uses a Median Voter Theorem as an E-oracle consensus algorithm Securing trust and defending against hacker attacks
Who are your main competitors in the blockchain industry?
Ethereum and Eos are the direct competiotrs to Edenchain from technological point of view. Edenchain wants to over come the key drawbacks of ethereum and Eos that are Scalability and security.
EDENCHAIN competes directly with them for the next generation of Smart Contract technology and also offers HelloEden, an ICO platform that targets the South Korean market.
How can Eden Compete with Industry leaders like Ethereum ?
Edenchain has 3 important attributes which are ,
1. There is parallel execution . It means high processsing speed of blockchain is due to parallel process of transactions.
In theory, EdenChain can handle an infinite number of tps because there is no limit to number of namespaces and transactions in each namespace can be ran in parallel. Each namespace runs 1,000 tps. In this sense, with more computing resources available for use to deploy the namespaces, the total tps of EdenChain will scale linearly. We will need to conduct further tests to determine the exact number of tps.
Testnet will give an idea about the transaction speed of Edenchain network . Check Roadmap for further details on it .
Tech behind High speed transaction :
EdenChain can execute a large number of traemployed by the platform separates unrelated transactions from each other, thereby allowing the processing of multiple transactiadding more computing resources to system will increase performance in linear manner
- It ensures secure operability among on-chain and off-chain services.
EDENCHAIN employs the e-bridge layer to retrieve data from numerous data sources, encrypts this data and makes use of the Median Voter Theorem (MVT) to protect this data from being compromised
- For every Smart Contract execution, a low transaction fee is charged.
Comparision Between Edenchain and its competitors :
Token Utility:
EDN will be used for transaction fees over the network and also for risk management. Developers will need to use the token in order to use the blockchain and operate their services on it.
Key positives of Edenchain
• High speed transaction
• Strong partnerships
-Partnership with Marketing firm M&K PR for launching ICO on their Hello Eden platform.
-A B2B platform with Clean Deal, which is ran by YT Corp which currently has an agreement with Hyungji Corp., KHMA(Korea Housing Management Association) Org., Embrain Corp.
-The third platform is a p2p lending platform in conjuction with MyCreditChain, a subsidiary of the fintech firm Finger.
• EDENCHAIN has a very clear and detailed whitepaper where you can find detailed explanations to their security, architecture, technology, and more.
• Considering the fact that EdenChain also offers a permissioned blockchain, in our opinion this has a higher chance of implementation in real world organizations, compared to a public blockchain. Public blockchains are difficult to govern and keep secure – this differs from a private blockchain.
• They already have many strong partners on board, and judging by their roadmap they are planning to continue making partnerships throughout 2018 and 2019. EdenChain will also utilize 15% of the capital raised through the ICO in order to secure partnerships. In the business environment and blockchain industry, partnerships are one of the key factors that help a business evolve, expand, and implement visions that they would not be able to do alone.
Challenges:
1.Marketing plan to become a global player
2.Revenue model is still unclear
3.Small team for such a big project
Team Highlights :
James Ahn (CEO) – He served as a consultant to the NIA Platform, a technical advisor to the National Computing & Information Service, and an advisor to Cloud for the Korean Agency for Technology and Standards. He has written four books and several papers relating to machine learning and finance, and delivered presentations at several conferences for the development of technology, such as Pycon and Open Technet.
Karl Pfister (Advisor) – Karl managed global technology partnerships for digital imaging and connectivity with corporations such as IBM, DELL, Toshiba, Fuji and Casio. Karl’s experience in professional services marketing has led him to running a multi million dollar business. He is currently serving top clients such as Samsung, Microsoft, Lenovo, Huawei and others, in IT, Consumer Electronics, Appliances and Office Equipment.
Don Chang (Advisor) – Don Chang was Oracle’s director for 5 years, and he has also worked at SAS and Ernst & Young. He also gives lectures and conducts research for Universities and Conferences regarding Block chain, AI, and Big Data.
Token sale:
Ticker - EDN
Token type - Own Wallet
ICO token price - 1EDN = 0.06 USD
Hard cap - 24,000,000 USD
Total tokens - 1,000,000,000
The minimum contribution for strategic Investors in Pre-Sale is 100,000 USD.
How Edenchain wants to be a global player ?
Apart from considering Korean market Eden also has its team members working in silicon valley expanding its presence in America and Canada.
Apart from this they are also trying to establish its presence in Singapore and European countries.
For more details, please note the following important links:
Website: http://edenchain.io
Twitter: https://twitter.com/edenchainio
Telegram (General): https://t.me/edenchainio
Telegram (Announcement Channel): https://t.me/edenchainannouncements
Telegram (Bounty Channel): https://t.me/edenbounty
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