SilkChain (SILK)

What is SilkChain

SilkChain tries to solve various of pain points in this industry and build a “global blockchain free trade zone” technically by applying the blockchain technology. In free trade zones, SilkChain provides the bottom blockchain infrastructure and its Token system is introduced as the benchmark of value transmissions in trade activities between small and medium-sized merchants. In a variety of application scenarios, SilkChain will work with many third-party service agencies around the world to formulate smart contracts for different trade processes and collaboratively develop a new type of DApps based on existing business models according to localized trade rules and regulations.

SilkChain will implement the solutions step by step and offer corresponding e-commerce services, business matchmaking mechanisms, cross-border payment services, financial services for TF. In the future, it will expand its services, including the incubator service for local brands as well as the distribution of regional Token service on the SilkChain.

Silkchain’s design fully considers the openness and compliance and will comply with local regulatory requirements and regulations. Due to the openness of blockchain, supervisors can set up notes on them or provide transaction records through SilkChain if necessary. The blockchain cannot be tampered, which can help supervisors improve the regulatory accuracy when necessary.