Some Key Words about AMC Architecture
Aircraft Mileage Coin (AMC) follows the scheme of Ethernet Virtual Machine (EVM) running on the Bitcoin blockchain UTXO model. Tuning Completeness of the Etherium overcomes the scalability indicated by the limit of Bitcoin and includes infinite application power and expandability. By utilizing the UTXO model, it supports Bitcoin’s Simple Payment Verification (SPV) protocol.
1. AMC Wallet
AMC Wallet is an Integrated Multicurrency Wallet that can store AMC and associated coins as well as other coins (Bitcoin, Ethereum, etc.). AMC wallet provides security using private / public key algorithm when created in the beginning. Since the generation of the private key and the public key, Hash is different for each coin, a separate key must be issued for each coin. The public key can be disclosed by QR code, etc., through which it is possible to transfer money through a public account or receive donation, etc..
In order to satisfy KYC / AML, the function of inputting and certifying the user information according to the regulation prescribed by the Financial Management Act shall be added. It is registered with the and is then used to create a ledger when dealing with other assets. It provides the ability to easily login using OAuth in conjunction with SNS (Facebook, Twitter, Instagram, etc.) accounts. In this case, inquiry can be done through the SNS account, but the requires the secondary authentication (biometric authentication, password, etc.).
2. AMC Mileage Exchange Platform
The purpose of AMC is to create AMC Mileage Exchange Platform based on blockchain technology, and provide a service where valuable mileage and point can be transferred to money that can be used more directly and easily by the owner. This will activate consumption by exchanging global mileage that has real value for AMC COIN and using it to shop, for transportation, pay utility bill, travel, and use at various payment merchants.
3. AMC Exchange Platform Architecture
Aircraft Mileage Coin implements a trading platform with block diagram-like structure to trade mileage and points. Custom has access to both the airline mileage system, AMC Mileage Exchanger and COIN Exchanger. Custom can access the AMC Mileage Exchanger to check the mileage of each airline and to trade the confirmed mileage in the manner suggested by the AMC Mileage Exchange platform, where the AMC COIN is the means of exchange for the transaction. If necessary, the customer can purchase AMC COIN at the coin exchange and exchange it for mileage, and the AMC COIN received and paid for the mileage can be exchanged or held in the COIN Exchange in each country’s currency.
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