EDENCHAIN — Ten ways It Reshapes the Future of Enterprises

4 min readMay 10, 2018

About Edenchain

EdenChain is a blockchain based platform which can capitalize and trade in all kind of assets. Working on the Programmable Economy Platform technology, EdenChain’s vision is to have a world which can work on the blockchain smart contracts so that the tangible and intangible assets are capitalized into tokens and traded without any interruption from the third party.

Using Edenchain via the Programmable Economy Technology will lower the transaction costs while the community members get to utilize the profits associated with it. Edenchain will make possible a new market creation by capitalizing on foreign and domestic goods.

The Tech

Edenchain is indeed built for the organizations of tomorrow. It is expandable, flexible and reliable that ways, and focuses on a pragmatic approach with optimal resource management feature to the advantage of businesses. It plans towards balancing the increased transaction volumes of public blockchains and security demands of the companies by providing them with a global stage for a programmable economy.

Edenchain is revolutionary progress in the field of blockchain which will provide enterprises with a highly secured, inter-operable, high-performance blockchain platform with an added benefit of being cost-effective. Such features make it widely usable across industries (such as Finance, Games, Shared Economy, IoT, etc.), applications, and also start-ups as it presents them with their own ICO platforms.

Supporting Solidity the most popular language amongst smart contracts, Edenchain looks very promising. Solidity is a very reliable, intelligent and stable smart contract programming language which can be used for sensitive services such as payments and settlements.

Based in Seoul, South Korea, they have registered offices in the British Virgin Islands and Singapore. The team is trying to implement a Programmable Economy Platform but is enduring performance-based and non-secured connectivity-based problems. Team Edenchain is focused on resolving these problems by developing software and hardware which enhances the performance of the entire network also protecting it from hackers.

Here are ten ways that Eden will reshape the future of various businesses.

Edenchain will have Masternodes from Q3 2018. Developers can build DApps on Edenchain supported by Masternodes.
Hyperdeflation will start from 2020 in Edenchain which will be very cost effective.
Edenchain will have E-Bridge which will ensure zero-knowledge trusted connectivity and secured interoperability between on chain and off chain modules. This will procure data from varied data sources, encrypt it and secure it using the median voter theorem (MVT)
Edenchain has adopted the blockchain ways.
Edenchain will have hardware assembling of both CPU and software security from SGX Enclave.
Edenchain will be very fast as its parallel executions will record very high tps as it will work in a linear method giving more namespaces running 1000 tps each.
Edenchain is an improved version as it uses PoET consensus algo instead of PoW & PoS which ensures less waste of energy and increased robustness.
Edenchain is a highly secured network due to the presence of HTTPS, ECC-TC, and MVT consensus.
Edenchain costs lower on money since it is based on a per transaction basis incorporated into a FIFO system which is 100% transaction proof.
Solidity supported which is a smart contract language used across businesses makes Edenchain more wanted. Edenchain also has Ethereum VM (EVM) installed along with a Broad Language Support which makes it more usable across enterprises.

The Edenchain ICO has its token as EDN. With a grounded dream of raising $24M, they are more than capable of scoring $100M given to their scalability. 50% of the money will be provided to the IT and Tech Teams, and the remaining goes to other teams like Security, Legal, and Marketing.

The Team

Their team comprises of CEO James Ahn who is a master’s degree holder in software from Korea University with 20 plus years of experience in IT. He is also an author having published four books and several papers related to machine learning and finance. Also, a teacher at a Digital MBA course at Seoul School of Integrated Science & Technologies, he is very well learned.

The Co-Founder Jenny Ryoo is an award-winning bachelor’s and master’s thesis writer at Korea University and Dongukk University, respectively. Having ten years of experience in the IT field, she has published two papers and co-authored one book. She is again very promising given that she has done customer analytics to forecast user behavior patterns by studying complex web user logs at the National IT Industry Promotion Agency.

Also, they have advisors and blockchain developers who come with a lot of experiences adding strength to their team. They are marching ahead with full force towards their vision with a fantastic roadmap. They have set timelines for the EdenChain Alpha version to be put by late April’18 which includes GitHub. In Q2 of 2018, they have planned to start the HelloEden ICO Platform which will be closely followed by exchange listing of their EDN token in Q3 18. If all goes as planned, they can soon see a significant launch of Mainnet in Q1 of 2019 which is a significant milestone for them.

Conclusion

Edenchain is going to become the biggest name in Blockchain business given to their well-thought project, ambitious and stellar team, achievable benchmarks set and fantastic technology. Here’s hoping to more for Eden!

For more information on Edenchain follow their Website and/or Telegram.

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