The Financial Information Chain, or FINCHAIN, is the first public blockchain focused on the underlying applications in the financial industry, built on a decentralized, open source, financial information services platform.
FinChain will address the issues of limited capacity and high transaction costs currently seen on most public chains, securing and protecting the key components of any financial blockchain including user privacy protection and authenticity during the process of assets digitalization.
FinChain a commercial blockchain provides to the financial sector which has unlimited capacity and the ability to connect multiple businesses and scenarios through the FinChain platform, to realize the most efficient outcomes – at a very low cost.
FinChain has rebuilt the Graphene blockchain engine, saving the rarely used indices into disks so that the memory consumption is greatly reduced and the network loads are improved. The original state proof algorithm plus the lightning-fast network, together with the improved graphene engine, will carry huge amounts of applications and trillions of financial assets.
For the end users, FInChain have created multilevel signature technology so that users will have no trouble manage their private keys.
Additionally, FinChain have developed an advanced multi-signature accountancy system, addressing the issues of trusted identity and assets, and solving the problems of the usage of fake identities and assets.
Zhao Kai, Co-Founder and Vice President of Finchain, says, “FinChain team members have long involved in the blockchain industry since the very beginning. We not only have a profound understanding of the industry, but we have made great contributions to the development of the industry as a whole. Yang Ding, our Chief Technology Officer is one of the most famous BitShares developers in the industry and driving our platform into a new era.”
“The fantastic news is that FinChain has reached a cooperation agreement with many financial institutions and at the same time, our system has gained tremendous liquidity which will allow FinChain to grow and achieve our milestones earlier than expected.”
FinChain allows businesses and users alike to access financial applications with convenience and value, through the most stable and future-proof, open source, blockchain platform. The FinChain Early Bird starts August 28, 2017, and their ITO starts September 15, 2017.
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