Understand the main characteristics of the Smilo blockchain in 5 minutes

Smilo is a unique full-featured hybrid Blockchain platform that supports hybrid transactions, hybrid smart contracts and hybrid decentralized applications — with ‘hybrid’ referring to both public and private. Smilo uses their unique Blockchain technology to facilitate an alternative protocol for decentralized applications, including GDPR compliant private transactions, reasonable scaling and accurate cost predictions.

With the new round of technological revolution and industrial transformation sweeping the world, the development of R&D and application promotion of blockchain technology continues to be strong and has received increasing attention and recognition from the financial and IT communities. The blockchain is a distributed ledger technology that relies on data encryption, timestamps, and distributed consensus algorithms to implement advanced functions such as distributed chained storage, smart contracts, and privacy protection. It is considered to be used to solve the problem of new generation Internet value exchange and Credit problems with network transmission.

With the rapid development of blockchain technology, the trust mechanism provided by the blockchain has extended from the financial field to the physical fields, such as:

• Electronic deposit
• Copyright management
• Transaction management
• Product trace-ability
• Digital asset trading
• Internet of Things
• Intelligent manufacturing
• Supply chain management

Although there is no large-scale blockchain commercial application scenario at present, the large-scale application of trusted value and distributed collaboration through blockchain is trending

Smilo foundation has been continuously researching the underlying technology of the blockchain, launching the Smilo Hybrid blockchain platform in sectors such as: Finance, Medical care, energy and trade have realized “how blockchain is powerful”, giving full attention to the blockchain as the underlying support for the next-generation value Internet, realizing the technical service business, and promoting the technology.

The Smilo Blockchain platform provides enterprise-level blockchain network solutions for enterprises, government agencies and industry alliances.