Artfinity Commercial Director: “How the Physical Asset Chain Detonates a Trillion Dollar Market”
On November 7th, 2019, Ear Finance, ZG.com and COIN4All jointly sponsored the “Block Long March”, the third phase of Chengdu event. The co-organizers have two to three degrees, bixiaobai.com, btc123.com and the currency community, and jointly presented the Artfinity and CXC Chinese communities, as well as the support of dozens of cooperative media such as Mars Finance and Golden Finance.
At the event, Kean, the commercial director of Artfinity, gave a speech on the theme “How the physical asset chain detonates the trillion dollar market”. The following is the speech content:
Artfinity sharer: I am Kean, Commercial Director of Artfinity.
Now let’s take a brief look at our Artfinity. Artfinity solves the problem of fraud and lack of liquidity of standardized assets by combining the traceability of blockchain and non-tamperability. The main entry point is to standardize assets.
Standardized assets are a concept we have standardized from Artfinity. Assets with uniform characteristics and specifications, appearance, size, and quality are called standardized assets. For example, the renminbi is the same except for the number. Same thing as Sneakers, and gold jewelry as well.
At the same time, we have a rigorous process. The dual-chain structure, in addition to Artfinity’s public chain, there is also a system of alliance chains, which adopts a mechanism of alliance chain security and supply chain mapping to ensure the reliability and high quality of assets, and all of our Artfinity chain. Assets can be exchanged for physical objects and delivered accordingly. This is also our unique landing application.
The alliance chain has five major nodes, a managed node, an authentication node, an insurance node, and a storage node, as well as our Artfinity, which is mutual supervision.
The whole process is to first escrow the assets to the custody center, transfer them to the appraisal authority with the judicial qualification recognized by the state for appraisal, and the character, quality and specifications are passed before the next step of insurance. Once the assets are in stock, the same quantity and security can be guaranteed. Because of the loss caused by natural or irresistible factors, what should I do if I cannot fully accept the exchange? The insurance company’s claims protect the rights of users. After all the processes are completed, they can be mapped to the main network through Artfinity for chain trading. Our Artfinity has opened asset-based areas on some exchanges, On-chain Assets, abbreviated OCA, meaning chain assets, which are some of the assets of Artfinity.
Talking about postal currency cards, i.e stamps, coins and calling cards.
The reason why the postal currency card is used as the main direction is that it is very mobile, and there are many people in our time who have contact with stamps. When they were young, they did not like WeChat and QQ, but they all wrote letters and sent letters. When the stamps flowed relatively large. Moreover, the postal card is issued with an annual capacity of 30 to 50 billion yuan, which can fully support the demand for assets in our project distribution chain. For the Beijing Fulite coin card market, the annual offline transaction amount exceeds 100 billion yuan. .
Artfinity maps assets different from most Tokens. It has the function of natural preservation. The ticket value is 1 yuan. Can it fall below 1 yuan? impossible. This is what many people will worry about, what should we do if we return to zero? As long as the face value is never zero. And because of some natural factors, there may be about 2% of natural damage per year. In the long run, it will naturally deflate, and the price will naturally rise year by year. This is also the place where it adds value, that is, time will give it value. For example, the bitcoin of the postal card industry — the 80-year-old zodiac monkey ticket, has risen more than 100,000 times from the issue price of 8 points. The current single value is between 13,000 and 15,000. Due to the strong consensus, Therefore, the liquidity is good, and there is no need to worry about the fact that there is no market price.
Every stamp has its different background story, and the record history is different. For example, this year the country issued a 70th anniversary commemorative banknote. When it was issued, the value has exceeded the face value, and the corresponding premium is generated from the beginning. This is worthy of speculation.
Artfinity’s own ecosystem is near completion, and everyone is welcome to participate in the big ecosystem of AT Blockchain. We use a total of 99 consensus nodes in the DPOS consensus mechanism, 21 of which are super nodes, 58–68 found nodes, and the remaining 10 to 20 are managed nodes.
The super node is responsible for accounting and exporting, maintaining the stability of the entire Artfinity network; the founding node is responsible for establishing consensus, and continuously exporting consensus to achieve the unification of the Artfinity ecological consensus. The escrow node is responsible for the hosting of physical assets. Each escrow node must host at least 100 million assets every quarter, which is equivalent to 10 custodian nodes in a quarter. The assets need to reach at least 1 billion, of which 2%. Both are assigned to the founding node and the super node.
In addition, the managed node and the super node can also receive a 0.5% dividend per year from the Foundation. The mechanism adopted by our public chain is different from the past. It is not to adopt unlimited issuance and distribute the proceeds to the nodes. In the long run, it will inevitably lead to the accumulation of bubbles and bring about malpractice. We rely on fund-hosting nodes to continuously bring in new currency cards and other physical asset projects, rather than relying on simple issuance.
The managed node’s winding itself is 20% higher than the offline price, because our alliance guarantees its high quality and high quality. Buying offline is somewhat yellowed and depreciated, and the value will be low. This is why the hosting node is willing to cooperate with us.
Recently, Xi Da mentioned the development of blockchain technology in the 18th collective study of the Political Bureau of the Central Committee. At the same time, this report also gave us great inspiration . The integrated application of blockchain technology plays an important role in the new technological innovation and industrial transformation. AT will clarify the main direction, increase investment, focus on a number of key core technologies, accelerate the implementation of physical assets, and promote the district. Blockchain technology and innovation in the physical industry.
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