Topic: Genesis Community Q&A Session 6 (Read 32 times)

1.Genesis supply chain system
Supply chain is a complex structure composed of logistics, information flow and capital flow, and connects suppliers, manufacturers, distributors and users in various industries. Based on blockchain technology, Genesis can be used as a large-scale collaboration tool to adapt to supply chain management. In the industrial supply chain, many types of data can be transferred through the blockchain.

2. How does Genesis achieve effective data security?
In the Internet business system, participants’ personal data and payment data are stored in a small number of centralized databases after being uploaded to the Internet. This makes these centralized databases an easy target for malicious attacks and the risk of data leakage is high. Therefore, switching to Genesis ecosystem eliminates the need to store massive amounts of user personal data and payment data, allowing participants to store and control their own data in a decentralized system, thus eliminating the potential risk of data leakage.

3. How does Genesis establish a trusted value system?
Compared to traditional commercial transaction systems, Genesis ecosystem promotes trust by increasing the transparency of transactions. Each transaction is recorded in a shared ledger and cannot be modified by anyone. The shared distributed ledger provides security, transparency, and traceability. Therefore, Genesis ecosystem will effectively drive transparency in all processes of the business ecosystem and establish a trusted value system.

4. How to achieve effective traceability and arbitration when data is on the chain?
All the information data of capital flow, business flow and logistics in Genesis ecosystem should be chained, which can ensure that the original credentials cannot be tampered with and at the same time, guarantee the traceability of each transaction, and also facilitate a clear chain of evidence in case of dispute arbitration.

5. How does Genesis realize innovative business civilization?
In the times of change, various disruptive forces are reshaping the business environment and calling for a new business civilization. Genesis creates a new set of economic operation system, including a new business model, a new organization system and a new distribution system.
New Business Model
- Project initiators, governors, consumers and all other participants establish a community of interest.
New Organization System
- Decentralized Autonomous Organizations (DAOs) are controlled by token holders and are not influenced by central institutions.
New Distribution System
-Stakeholders can participate in the distribution of value, eliminate the disparity between the rich and the poor, and achieve common prosperity.