In 1999, the concept of the Internet of Things (IoT) was first introduced. The innovation centered on user experience was the better integration of objects and changes in the world.
However, the traditional IoT has three major issues: cost, data value, and private security. Six-domain chain deeply integrates the Internet of Things with the blockchain technology, from three aspects: reducing the cost of interconnecting traffic data, protecting data privacy and enhancing data value Cut into, solve the pain point of the development of the industry.
Simply put, the six-domain chain is connected to the physical world of physical information and network information; data from the real physical world, the value of the data into the physical system to achieve symbiotic co-prosperity of the virtual economy and the real economy.
What Is Six Domain Chain (SDChain)?
SDChain Alliance, established in Canada, makes full use of blockchain for IoT applications. SDChain envisions that IoT data from the physical world, should be shareable via a fast and cost-effective digital blockchain network where data producers and data users conduct digital asset exchange, within an open partnership ecosystem, based on globally standardized IoT six-domain model.
SDChain is designed to address the various requirements and business needs from different companies and users with the IoT Six-Domain Model, such as IoT business users, IoT device users, IoT service platform users, IoT operation, regulatory platform users, third-party business cooperation users, property owner users and others. It will optimize in depth for current blockchain technology, specifically in sub-fields of digital assets issuance, credit of user identity management, P2P communication, encryption algorithm, consensus algorithm, smart contracts, cross-chain smart contract models, market consensus incentives, decentralized DApps and fast access to new business, to ensure the benign, fast and sustainable development of SDChain ecosystem.
By doing so, it will promote the coexistence of token, blockchain, and IoT technologies, achieve efficient circulation and transition of digital assets credit, therefore SDChain will become a universal benchmark to promote the real social development through the combination of IoT and Blockchain.
SDChain Blockchain + IoT Platform Uses
Functional views describe the typical functional components of the SDChain system through a hierarchical structure of four horizontal and four vertical layers, including user layer, service layer, base layer and cross-layer functions.
- User layer: User functions, Business functions, and Management functions.
- Development: IDE, SD, Test Management and Construction management.
- Service layer: Access management, Nodes management and ledger management.
- Operation: Strategy management, Abnormality management, Delivery management and cross-chain service management.
- Core layer: Consensus, Bookkeeping, Smart contract, encryption, Digital signature and Scheduled services.
- Security: Authentication and identity management, Authorization and security policy management and Privacy protection.
- Base layer: Storage, Communication Computation, and P2P network.
- Governance and audit: Governance support and Audit implementation.
Six Domain Chain (SDChain) Conclusion
The early launch of the beta chain provides the underlying technical support for the establishment of a series of potential ecosystems for potential SDChain customers during the ongoing collaborations. The international standards of the convergence of IoT and blockchain can also be applied to the field of financial technology.
More information is available on their website sdchain.io/