SDChain Alliance recently signed a Memorandum of Understanding (MoU) with Guangzhou Robustel. The MoU was signed on 16th May 2018 during the SDChain German Community Conference 2018 held at Berlin.
SDChain Alliance makes full use of blockchain for IoT applications. SDChain envisions that IoT data from the physical world should be sharable via a fast and cost-effective digital blockchain network, where data producers and users conduct digital asset exchange, within an open partnership ecosystem, based on a globally standardised IoT six-domain model: User Domain, Application and Service Domain, Resource Exchange Domain, Operation Management Domain, Sensing and Actuating Domain, and Physical Entity Domain.
The full realisation of IoT’s potential likely depends largely on interoperability among IoT systems. According to a McKinsey study, by 2025 the number of devices connected to the Internet will reach $25bn, and the output value will reach $6trn, with the associated economy going up to $36trn. Research and Advisory firm ISG also believes that the benefits of IoT are undeniable.
Dr. Shen Jie, Chief Scientist of SDChain stated: “The distributed network architecture of blockchain technology provides a mechanism to maintain consensus among IoT devices, without the need for verification with the centre to address security threats and protect user privacy. Blockchain technology can provide point-to-point direct interconnection for data transfer, greatly reducing the cost of computing and storage.”
Commenting on the MoU, David Pan, CEO of SDChain Alliance, observed: “SDChain Alliance is proud to be strategically aligned with Robustel, which possesses strong technical strength and rich market experience. Through leveraging the value of the blockchain, we will explore the potential of innovative applications with IoT and blockchain technologies together.”
At the German Community Conference 2018, SDChain also signed a MoU with Trusted Property Protocol (TPP), a new property ecosystem built on the immutable blockchain, a decentralised market using crypto currency and smart contract in a smart economy. TPP pioneered disruptive innovation of applying blockchain and smart contract in real estate transactions. Their work is based on years of experience in blockchain and real estate industry.
The SDChain German Community Conference 2018 ended with a signing ceremony announcing the formal launch of the SDChain German Community for Germany as well as German speaking countries, together with the community management team: Yi Huang (Chairman), Tobias Ellermann (Stuttgart), Teng Qiu(Berlin), Ruslan Ismailov (Zurich), Qiuhai Guo (Munich).