Topic: 🔥ACCHAIN --- How does ACChain convert physical assets into digital assets？ (Read 2813 times)

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ACChain will provide a solution for blockchain digital asset. Built on the financial cloud, this plan integrated solutions with resources of top areas in the industry, such as blockchain payment, social name card, blockchain digital mall, exchange platform, credit checking platform, etc. It will provide company users with safe, reliable and flexible blockchain services in the scenarios such as smart contract, big data exchange and asset exchange, commodity exchange and supply chain management, cross-boarder payment etc.

Essentially, blockchain is an immutable and sharing technology of distributed ledger. Its “decentralized” credit creating method has great application potential in the financial industry transformation.
Based on the industry scenario and through defining unified standards, ACChain blockchain solution enables companies to construct services easily and develop smart + asset digitalization business better.

ACChain Blockchain Solution, to solve pain points in business scenario
Food Safety, Fake Commodities and Solutions

Pain Points：

Public consumption capacity has been going up incessantly in recent years, which helps the development of several industries. However, prevailing products of low quality reduced the satisfaction of consumers. Facing the development of extensive pattern and the lack of market public credibility, medium and small enterprises of “high quality” in different industry chain can hardly be discovered in the market nor recognized, their profits are ripped off by fake and forged commodities. Channels of different levels are comparatively dispersed and isolated, as a result, companies are unable to respond to the end market quickly and correctly as the true demand information is distorted. Due to information asymmetry and the lack of credibility of the data, it is difficult to guarantee the loan and financing.

Blockchain technology are drawing extensive attention, mainly because this technology might solve the problem of trust crisis in food industry.
It has been proved by fact constantly that the food safety crisis many brands were facing were caused by supply chain.


Traditionally, the general food chain authentication is done by manpower, which means that the data can be easily modified by human beings.

How does ACChain check every stage on the food chain accurately?

The technical process can be simply summarized as: storing the metadata of images, documents etc. directly to the blockchain itself. The digital information is encrypted, or "doped" in the transaction block, and allocated to users from the blockchain network. These unalterable records include the source, procurement, processing and storage of food.


Solution

ACChain accounts cannot be tampered with, and all parties in the chain participate in the maintenance of account information, ensuring that the data in the ACChain are real-time, orderly, and real, and cannot be forged. The application layer supports a variety of physical scavenging or coding input methods to trace the source of goods, eliminate the identity counterfeiting of the goods, and the malicious copying of the circulation.
 

Program flow 1

 

Program flow 2


Information tracking
The key information of each item will be recorded in the blockchain by rule or encryption method, the open and immutable feature of blockchain prevent data forgery.
The commodity code information is a unique encrypted word string for a platform to recognize an item, which is also called “One item, one code”

By using smart phone, portable or large RF, sensor equipment to identify the commodity code of the item automatically, it is a transparent sharing process, connecting commodity ownership and transfer relationship.



Multiple Parties Participation
Based on the features of blockchain opening, consensus and multiple center network trusting, enterprises can not only reliably grasp the upstream and downstream enterprises condition, build transaction relationship, track transaction status and understand the indirect process till the status of final consumer, but also in the meantime, provides the regulators to involve in the interface, which is good for the government/ market supervision.


ACChain will efficiently provide the token pre-sale of all kinds of commodities, blockchain records the crowd-funding commodity details, supply time, quality guarantee, buyer information etc.

ACChain blockchain solutions will help the traditional businesses reconstruct the methods of production and marketing, bring solutions to these pain points and provide assistance for the high efficiency development of enterprises.

Summary

It is understood that ACChain blockchain solutions will provide sharing ledger and smart contract ability, this kit of distributed ledger based on blockchain can guarantee the information flow, asset flow tracking, information open and transparent, the whole network information sharing; And the audit and supervision based on blockchain technology can make the data reliable and traceability; In the scenario of big data digital asset trading, ACChain blockchain solutions provide value circulation ability, which can make the blockchain to play the role of asset confirmation, transaction confirmation, accounting, reconciliation and settlement in the issuance and circulation of digital asset; And the tampering-prevention of blockchain technology can efficiently prevent the data changing, avoiding the risk of internal cheating.

It is understood that relying on the cloud calculating technology, ACChain is still in the exploration of finance technology ability, providing assistance for the innovative intelligence and business mode of institutions and enterprises.


A token pre-sale is forthcoming for ACChain. Our end goal is to find ways to build trust in every supply chain. The distributed ledger which it will run upon will guarantee the safe information flow and asset flow tracking while keeping the whole process open and transparent.

From there, asset confirmation and transaction verification will be simple to handle. The end result will be a robust system for many companies to depend upon. Regulators and consumers will benefit from this system as well, and a major pain point in the economy will be settled.


                                                     
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