Connectivity and Advantages of Edenchain
Edenchain is the blockchain based platform and it is been used for capitalizing and trading every type of an asset for a programmable economic technology. The system is growing with the way out for the applied and diverse arrays of industries to serve with all the abilities to capitalize the valuable assets for executing the transactions faster, safe and absolutely minimizing the costs. Therefore, the smart contracts are been used for capitalizing on the tangible and intangible assets by the valuation of tokenization. Still, it may face some lack of secured connectivity.
Secure Connectivity
One of the Economist Mark Flood stated with an importance of understanding a financial network through the edge of vertices of connection. This will be connecting by the edges to form a smart contract. The distinctive system has an offer of the requirement for a high degree of connectivity for the execution of some certain tasks. This will be created with the help of the smart contracts for more abundant application services for further realization for a programmable economy.
This will have a higher level of connectivity for the interaction to the external system requirement. This will be supposed to the cargo owners to move towards the cargo from the point A to point B. After that, the owner will create a smart contract for the payment of GPS information attached to the cargo.
Smart Contract Implementation
The smart contract will be implemented through the GPS information by the attachment of the freight car and this must be transmitted to the blockchain. The smart contracts will be ultimately stored at a predetermined time interval and this will result in the smart contract execution for the freight car driven to receive at a promised cost.
Nonetheless, the system can interlock securely for an external system to provide the smart contract for a number of benefits for the promised original smart contracts. The smart contracts should have the ability in working with carious of external systems for processing the contracts automatically. The system will have the important point of interaction which will mean to unlock the external system and to give assurance of having the stability to interact with the external systems.
Ethereum Incorporation
Ethereum facilitates Oracle to interoperating the external system without any guarantee of safety of data forming external systems. This will have a secured connectivity of project against the attacks that may occur due to hack by the period of interaction among the smart contracts and external system along with the guarantee of stability.
The secured connectivity is an imperative technical issue and it is required to address for the scalability through the automation of smart contracts but this may not be provided currently by the technologies like Bitcoin and Ethereum.
Advantages
Edenchain is instituting a superlative platform for the endeavor of the future. It is the blockchain based platform used for capitalizing and trading all sort of resources. The programmable economic platform will be used to embrace with beneficial details. Such as;
- The operational costs will be lesser caused by the organization bereft of middleman
- The earnings can be reorganized to dominate the middleman
- The new market can generate for the never subsist one capitalization of domestic and foreign materials. It will eventually improve the lives of many economic benefits with a return.
- Edenchain also integrates the virtual and real economics through the smart contract system creating a fundamental and programmable economy platform.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio
Twitter : https://twitter.com/edenchainio