Blockchain technology took the digital world by storm in 2009, when it debuted as a digital ledger for a new form of currency i.e Bitcoin. Since then, it is being regarded as one of the most breakthrough technologies ever since the internet and therefore, is used to reshape the way business is done in industries ranging from finance and healthcare to supply chain and government.
Smart cities worldwide are using blockchain as a technology to enhance urban living and welfare. Currently, Dubai is the talk of the town which aims to cement its status as a global leader in the smart economy as the first blockchain-powered government and Moscow, which recently became the first city to use blockchain in an e-voting system designed to eliminate corruption and voting fraud. Read this article to know more about smart cities.
But the existing blockchains (like EOS, Ethereum or TRON) might now solve the hurdles towards bringing blockchain to everyday life because of the issues of security, speed and scalability. That’s why the Sigmachain presented their innovative blockchain technology as a solution that can be used to provide smart city experience to Korean citizens and visitors. The idea was presented at the “5th Level X Open Tech Day” conference in Busan, South Korea.
About 5th Level X Open Tech Day Conference
The 5th Level X Open Tech Day event was hosted by XnTREE in the marine city, Busan, and was held on October 25th. A bunch of companies participated in the event and the presentations covered various topics regarding blockchain, AI, SCM and marine logistics.
About XnTree
XnTree delivers exponential growth for deep tech ventures. Dedicated programs are designed to provide a soft landing for international startups operating in sectors such as Smart City, FinTech, BioTech, AI and Cybersecurity to build and scale their technology.
Sigmachain’s Blockchain Tech — A solution to Smart Cities
Sigmachain is proud to also have participated at the 5th Level-X Open Tech Day event where the senior manager Mr. Jang Deok-hyun gave a presentation about the breakthrough blockchain technology that the company owns and how this technology can be used to provide smart city experience to Korean citizens and visitors.
After the presentation, XnTree showed a keen interest in Sigmachain’s blockchain mainnet as it is far more secure and fast as compared to the exisiting solutions. You complete presentation can be found here:
Sigmachain Mainnet has been officially certified by the internationally accredited testing institute called KOLAS, in terms of processing speed of 300,000 TPS (transactions per second). It is the fastest among the existing block-mains mainnets, and is about 20,000 times better than Etherium, which is only about 15–20 TPS.
The plans for future meetings between both the companies are also being discussed. Meanwhile, don’t forget to read this article on “Sigmachain Mainnet Selected For Busan Blockchain Regulation Free Zone”
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