While the team is small, the top chain is comprised of two directors; David Zang and Wenwei Jiang, CTO. In support is Chief Analyst Kristi L. Mercer and Chief Appraiser Kevin Carpenter. Centrally, these four individuals have laid the groundwork for the company. In further transparency, the Real Chain website also imparts backgrounds for their team of network counselors, should a consumer need support.
As the offspring of TaoDangPu, Real Chain is newly born in 2017, the original project – and now 65 million dollars net worth. TaoDangPu is the parent company whose origins began in China. TDP's net worth reigns in at 300 million and the company became one of the haute monde enterprises for financial resources and high-end consumer goods. Their affluence and resources in part have been due to their creation of a global network of hundreds of appraisers, and a web of highly distinguished investor companies such as JD Finance, 360 Finance, and so forth.
What Is RealChain?
So what is Real Chain? Essentially, Real Chain is a supporting plug-in platform for the TaoDangPu enterprise. Real Chain serves as a blockchain protocol and database developed for a number of purposes; it was developed to act as a buffer against counterfeiting on luxury items such as jewelry and fine art, and home investment by providing consumers information on their desired commodities. These smart contracts are employed through nominal token fees of Real Chain Tokens (RTC).
RealChain CT Coin For High-End Blockchain Asset Trading Product
Regarding what RC has to offer, it really depends on which route the consumer wants to traverse in. For example, if your interests lie within the realm of second-hand luxury trading, then steps are taken through the TDP finance services or an affiliated financial institution if a pledge loan is needed for luxury goods. Following this, RC provides blockchain transaction information from its database to the TDP platform in order that the borrower may provide a certified appraisal report on the items in questions. This methodology ensures that the market goods are authentic and that there is a certified paper trail the shopper can vouch for the value before purchasing. Furthermore, for validation purposes of the authenticity of the luxury items, the appraisal database contains more than 200,000 entries to counteract any counterfeits and denotes price changes.
In addition, users are also assured of the security in the blockchain verification process through AI pattern recognition. This system allows for expedient recognition of the item in question through a series of images of the goods in which the user submits to the RC database. As mentioned above, over 200,000 registered products are archived from TDP into Real Chain with equipped information and videos regarding if they are genuine or fake.
In terms of advantage, the consumer and the seller of these commodity items have an opportunity for lowered costs of appraisal and efficient methods to ensure the authenticity of their items and guard against fraudulence. The connection fees are minimal in lieu of allocation of the smart contracts between appraiser and institution to a single node within the server. The RC tokens are gained by engaging in smart contracts and also can be purchased as a medium of exchange in the market. Tokens are utilized when a buyer submits an inquiry into the RC archives on the legitimacy of the luxury item.
In addition, privacy features are also up to the user. In terms of the security protocol, the user determines how much information is shared. Being that Real Chain is centralized, there is the prospect that third parties such as appraisal companies and financing industries have access to mine data. The centralization infrastructure is a variable to factor in if you are the type to value your internet privacy.
In another light, say you are at a market bazaar in Spain or Turkey, and there are high valued commodity goods at your fingertips. However, you are not sure on the validity of the commodity and have nothing more than Google to rely on. Real Chain provides the background on your item in question once the pay for the information, of course. If you don't shelling out RC tokens in transaction fees just to have the scoop on that Hermes Handbag or Stetson authentic leather coat, then there is an opportunity to be had.
Compared to most other companies involving cryptocurrency exchange and the various avenues of decentralized platform networks, Real Chain is notably on top of their game. Their website is clear and concise, they structured questions and answers which most users would have, provides extensive company history, and has a support team readily available for those who have interests in the platform. If you are an individual whose area of specialty lies in the world of trading high-quality luxury items, then we do suggest Real Chain, as they are well established and their platform and smart contract system appears well, flawless -so far, anyway.
If as a consumer you are in it for the cryptocurrency gain, you may also find yourself lining your pockets, although to be clear, little has been revealed about the RC tokens, other than they are affiliated through an Ethereum based platform, and the company's plans to integrate the blockchain transactions onto other platforms. Like any other investment, it is a gamble, so throw the dice at your own discretion.