Chinese blockchain company BitSE was invited to the US Cisco for technical exchanges and revealed that it plans to release a full stack of blockchain technology in the near future

At the invitation of the Internet of Things, Cloud Services and Wireless Technology Department of Cisco headquarters in the United States, the BitSE team held a technical exchange with Cisco in San Francisco on the afternoon of March 16th local time, and had a heated discussion on BitSE's blockchain technology architecture and R&D system.

BitSE has accumulated rich experience in the development of Bitcoin and blockchain technology. The company's three founders came from IBM, Alibaba, and Louis Vuitton. As early as 2013, BitSE began to deploy the Bitcoin industry. In January 2015, the company began to expand its digital asset business based on its original Bitcoin-related business, and at the same time began to deploy the blockchain technology application field of "blockchain as a service". Some time ago, it took the lead in launching VeChain, the world's first authenticity verification platform based on blockchain technology, starting from the luxury goods field to solve the problems of rampant counterfeit goods and opaque supply chains.

At the technical exchange meeting with the Cisco team at Cisco headquarters, BitSE CEO Qian Dejun and CTO Shuai Chu introduced to Cisco in detail BitSE's technical accumulation in the field of blockchain. The company's core blockchain R&D team from five different countries has developed more than 50,000 lines of code in the field of blockchain, and has formed a blockchain service architecture from the underlying architecture to the intermediate protocol to the front-end application. In the introduction, it also revealed three heavyweight blockchain technology platforms and their application scenarios that BitSE plans to release in the near future.

The first platform: "Satoshichain" satoshichain (www.satoshichain.com), as the first private blockchain service platform in China, is committed to providing one-stop private chain development services for individual or corporate users. Through this chain, users can not only quickly deploy their own blockchain network, but also use the blockchain services provided by this chain to quickly and conveniently issue digital assets. Users can customize different blockchain features according to their requirements, such as the underlying consensus mechanism, total tokens, block time, block size, deployment method, etc. This chain has a very rich application scenario: for example, assisting users in the establishment of private chains, the issuance and trading of digital assets (such as commercial points, asset securitization, stocks, bonds, shared ledgers), and public accounting platforms for charities, etc.

The second platform: "Color Contract" colorcontract (www.colorcontract.com), this platform will be a smart contract development, release and trading platform. Smart contracts are a very important application direction of blockchain technology, and it is also a part that the Bitcoin network currently lacks. The rapid development of smart contracts will rewrite the operating rules of the business community. Bradford Stephens from Blockchain Capital even proposed that in the next 5-10 years, most lawyers will rely on the application of smart contracts. "Color Contract" will release an agile development environment based on smart contracts and a smart contract template release and trading market. In the early stage, BitSE will first contribute some smart contract templates based on Ethereum, and cooperate with some excellent blockchain smart contract startups in Silicon Valley as partners, gradually attract more smart contract developers, develop smart contract templates in different business fields, and gradually build a cloud store and trading market for smart contracts.

The third platform: "Quantum" Qtum (Qtum.co), considering that more and more forces will participate in the research and application development of blockchain, BitSE will provide a flexible and secure one-stop development and operation environment, and also provide a basic environment for individuals or enterprises to develop DAPP and DAO. Qtum will release a blockchain technology-based encrypted operating system (Blockchain Crypto Operating System) based on Linux in the near future.

Afterwards, the Cisco team had an in-depth exchange on BitSE's full stack of blockchain technology. BitSE CTO Shuai Chu answered questions about the relevant technical details. At the same time, the two sides had a detailed discussion on the application of blockchain technology in the fields of IoT and cloud services. The Cisco team then clearly expressed its willingness and follow-up plan to have in-depth cooperation with BitSE in the above two fields.

For further contact with BITSE, please visit www.bitse.com or send an email to [email protected].

Editor: Meng Dada
Source: Babbitt Information (http://www.8btc.com/bitse-cisco)