Industrial-academia cooperation will be conducted to graft mathematical theories onto the blockchain and digital financial industry.
MyCreditChain (“MCC”), blockchain based credit information platform, announced on 10th that the company is in partnership with Seoul National University Industrial and Mathematics Data Analysis Centre. (“Industrial-academia Center”) The two set their objective to graft mathematical theories onto the blockchain and digital financial industry.
The Industrial-academia Center’s has shown deep interest in MCC’s unique airdrop system with which the institution considers to conduct a research that interprets the data derived from MCC’s airdrop by using mathematical algorithms.
Mr.Yang, CEO of MCC, states that “the partnership with the Industrial-academia Center and its mathematical approach to MCC’s airdrop system will be a great opportunity to analyze the information, thus enhancing its applicability. He, then, adds that “capabilities of MCC airdrop data has been recognized by various companies and recently led the project to sign a MoU with the company called IAME, which aims to build a democratized identification system for the blockchain ecosystem.”
MyCreditChain is based on an open source-based private blockchain, Hyperledger, and InterPlanetary File System (IPFS) as a distributed storage system infrastructure.
Hyperledger stores transaction records, and IPFS stores actual data. Storage providers for IPFS will share fees with the information selling users using the provided storage, and the fees will be provided by the companies requesting the data. MyCreditChain does not only utilize public blockchain like Ethereum, because Ethereum has a scalability issue as well as a high transaction fee.
For the main chain, the MyCreditChain uses hyperledger, but its tokens (MCC) and smart contracts are based on ERC20 and Ethereum. A gateway solution is also in preparation, connecting Hyperledger and Ethereum.
MyCreditChain will launch a Minimum Viable Product (MVP) to let the public experience the service in the near future. The MVP will allow the public to see how MyCreditChain really works. MyCreditChain Official service launch is scheduled at the end of this year or early next year.
■ Source : THEBCHAIN(http://www.thebchain.co.kr)
▶In-house venture of a company that has been leading the development of Korea’s financial system for 20 years
▶MCC has already been recognized for its business and technological potential with investment of 3 million dollars.
▶Our ongoing ICO is about raising funds to work together with various partners and users from across the world. We also want to combine proven technology and business with the ideas of Blockchain
▶MCC is not just a product or service. It is a platform and solution for various global partners.
▶MCC enables transparent distribution of “People to people” credit information and new value innovation for anyone in the world.