What Is Business Application Chain (BAC)?
The Business Application Chain (BAC) is an open-source blockchain platform that was designed to facilitate decentralized application and smart contract development that any organization can efficiently achieve. The platform allows optimized access to a secure and faster blockchain that enables businesses around the world to engage in the blockchain transformation.
In the end, it exposes users to a significant new value in terms of cost savings, transparency, better privacy, reduced risk, equitable access, productivity, efficient processing, quality control, and higher growth outcome.
Business Application Chain Project Advantages
BAC embraces multiple layers and a cross-chain structure that enables it to facilitate fast transactions, flexible application development, and high level of security. The platform seeks to provide a straightforward and simple ecosystem for DApp developers as well as a fully functional DApp marketplace for users.
BAC offers the following advantages:
BAC seeks to utilize an independent research and development confusion mechanism that will help in randomly selecting multiple master nodes for user transactions. The nodes are then used as payment gateways to finalize confirm transactions. This makes it difficult for the next master node to obtain real user information identity.
The embedded interface of the underlying blockchain structure entrenches all the behaviors that occur along the chain into the regulatory requirements, and specifies which applications on the platform require licensed operations, as well as applicable regulatory rules.
The platform embraces a low application threshold, which means developers can quickly build sidechains and even develop any blockchain application on the sidechain.
The platform’s enterprise-level blockchain application meets all transaction processing capabilities of most enterprise-level product application scenarios. The platform does this while offering top-level security and stability.
BAC embraces Digital U shields that securely isolate security threats that may arise after networking. This ensures that cyber attackers do not get access to digital signature-based digital assets.
With the independent blockchain consensus mechanism, the platform allows developers to choose a suitable consensus algorithm to match their own needs and usage scenarios.
BAC Token Details
The native digital utility token of the BAC Platform—BAC, is a major component of the ecosystem on the BAC Platform. It is designed for use solely as the primary token on the platform. BAC is a non-refundable functional utility token, which provides the economic incentives that will be consumed to encourage participants to contribute and maintain the ecosystem on the BAC Platform.
BAC is an integral and indispensable part of the BAC Platform, because without it, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the BAC Platform.
All the same, BAC does not represent any shareholding, participation, right, title, or interest in the Foundation, its affiliates, or any other company, enterprise or undertaking. BAC will not entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns. Besides, the token is not intended to constitute securities in Singapore or any relevant jurisdiction.