IOST’s Two Major Blockchain Services Officially Launched on Tencent Cloud
Recently, IOST has inaugurated its dual significant blockchain services — NFT and Blockchain traceability—which have been formally introduced onto Tencent Cloud.
“This marks a pivotal stride in IOST’s strategy for a multi-faceted cloud ecosystem. In the times ahead, our unwavering focus remains on an all-encompassing and profound expansion within the multi-cloud milieu. This entails fostering deeper dialogues and collaborations with eminent international cloud service platforms like Tencent Cloud and AWS. Our objective stands resolute in creating diverse decentralized, high-performance, user-friendly, stable, and secure blockchain offerings for global users.”
— Blake (IOST Co-CEO)
In the era of Web3, cloud services have emerged as a pivotal force promote digital transformation across industries. To provide users with efficient, stable, secure, and open blockchain solutions, IOST is actively fostering collaborations with renowned international cloud platforms like Tencent Cloud and AWS. Our goal is to empower a vibrant and sustainable multi-cloud ecosystem.
Looking ahead, IOST is set to deepen collaboration with Tencent Cloud, leveraging our shared international digital infrastructure and ecological advantages. Centered around Web3, AI, blockchain, we’re embarking on a comprehensive partnership. Guided by technology-driven cost reduction and efficiency enhancement, we aim to set industry benchmarks, collectively explore new paths and models in the realm of the digital economy.”
With the goal of expanding the global multi-cloud ecosystem, IOST has strategically aligned with Tencent Cloud, resulting in the formal debut of two pivotal blockchain services: the NFT service and the Blockchain traceability service.
NFT Service
Catering to the corporate realm, NFT service manifests as a comprehensive digital brand enabler, facilitating NFT issuance, digitization of brand IP, and strategic positioning within the Web3.0 NFT landscape.
Description
The diverse spectrum of creative works — spanning videos, music, paintings, and other artistic expressions — are endowed with decentralized financial attributes at their nucleus. This dynamic metamorphosis lays the foundation for robust circulation, effectively optimizing conditions to harness latent potential, thereby enabling users to partake in the dividends yielded by art NFTs and embracing the facets of digital literary art.
Notable Features
- Unveils a one-stop digital branding initiative tailored for enterprises, streamlining exclusive NFT issuance, fostering the metamorphosis of brand IP into digital assets, and engendering agile forays into the Web3.0 NFT domain. The advent of blockchain redefines the trajectory from conventional to digital art, recalibrating the valuation of art collection and investment viability within the market, thereby unlocking the latent potential within the realm of digital art.
- Leveraging professional blockchain technology and NFT trading platforms, the service empowers the encoding of information concerning tangible artworks onto the blockchain, subsequently generating congruent NFT renditions. The cryptographic contours therein validate the artworks’ authenticity, thereby ensuring inviolable digital copyrights.
- Orchestrating the ascendance of high-tier NFTs, a renaissance is heralded in the sphere of art collection value and the investment potency of market circulation.
Blockchain Traceability Service
The cornerstone of IOST’s traceability initiative — preventing counterfeiting and enabling traceability across the full product lifecycle — is actualized through the Blockchain traceability service.
Description
Pioneering a holistic approach, users are empowered to transmit information about commodities from their inception, traversing customs inspections, logistical engagements, warehousing logistics, distributorship, and ultimately culminating in their availability at retail outlets, onto the blockchain traceability system. This information, verified and corroborated by stakeholders including upstream suppliers, warehousing logistics partners, downstream distributors, and retailers, coalesces into a transparent and credible transactional dossier, fostering multidimensional trust and shared transactional insight.
The IOST traceability system converges disparate functionalities, encompassing information input, device management, regulatory submissions
Notable Features
Through an unswerving embrace of blockchain’s immutable and decentralized architecture, IOST bequeaths a holistic traceability apparatus. This holistic approach ensures data integrity by encoding information that undergoes validation by a multitude of stakeholders. This irrefutable chronicle of information safeguards data authenticity, consequently elevating the caliber of enterprise information management while mitigating the risks associated with data manipulation. The service serves as a bulwark against unscrupulous vendors exploiting vulnerabilities within the production and sales lifecycle to perpetuate the circulation of spurious and substandard goods.
Tencent Cloud — Shaping the Future of Cloud
Today, Tencent Cloud provides more than 400 technologies and connectivity solutions that support enterprise grade digital transformation through its global infrastructure network, covering more than 26 geographic areas across five continents and 70 availability zones, with more than 2800 acceleration nodes.
Recently, the Gartner® “Market Share Analysis: Database Management Systems, Worldwide, 2022” (June 2023) report reveals that “the database management system (DBMS) market experienced 14.4% growth in 2022, beating the overall software market growth of 11.3%.” In particular, the revenue growth rate of Tencent Cloud database management system (DBMS) in the worldwide market has reached 41%, ranking first among all Chinese database services providers.
Tencent Cloud provides a rich cloud database management system product matrix, including OLTP-type database TDSQL, key-value database KeeWiDB, time-series database CTSDB, graph database KonisGraph, etc. In terms of OLAP, it provides a variety of analytical database products including the Tencent Big Data Suite (TBDS).
Based on continuous product and ecological construction, Tencent Cloud Database TDSQL has been applied to more than 500,000 customers, including mainstream finance, government affairs, operators, and industrial manufacturing companies, and has extensive business presence in overseas markets such as Asia-Pacific, Japan, and Europe.
As one of the three core components of information systems, databases have become the key to localization in finance, government and enterprise, and other fields. In terms of practical application results in the financial field, TDSQL has excellent performance in terms of stability, performance cost, and emergency response. In terms of stability, TDSQL has passed the strict quality system test of more than 50,000 automated test cases, and runs 7*24 hours on a dedicated fault simulation platform to ensure data accuracy; in terms of performance cost, TDSQL can be processed as a whole While the capacity is increased by 10 times, the cost is reduced by 40%. In terms of emergency handling, TDSQL has 50+ fault self-healing mechanisms, which can realize one-click diagnosis of 90% of daily faults and second-level monitoring.
In addition to database, Tencent Cloud has also built a complete ecosystem of proprietary products in underlying core fields like server, operating system, cloud base, and big data. Its full stack of software-hardware integration helps players in the real economy benefit from cloud computing with ease.
About IOST
IOST — The Web3 Blockchain Operating System
Founded in 2017 and headquartered in Singapore, IOST is an enterprise-level blockchain application platform backed by prominent global USD investment institutions like Sequoia, Matrix Partners, and ZhenFund. It is designed to serve online service providers.
Expanding the Web3 Ecosystem
Amidst the ongoing digital revolution driven by Web3, IOST is committed to fostering innovative development within the blockchain ecosystem. The platform has made significant progress in various areas, including blockchain, consensus algorithms (PoB/PoI), decentralized identity authentication (DID), zero-knowledge proofs (SNARKs and ring signatures), relay-based protocols, DeFi, NFT, AI, XR, and more.
IOST2 — The Real Web3 blockchain operating system.
- IOST2 — The Merge: IOST will adopt the Beacon Chain + Smart Chain architecture for IOST2, ensuring compatibility with EVM and utilizing standard Engine API for communication between the two.
- IOST2 is continuously evolving and upgrading multiple subchains, encompassing general-purpose EVM-based smart contract chains and dedicated subchains such as NFT chains, gaming chains, AI Native chains, and others.
If you have any resources or collaboration interests related to Web3 + AI, please contact us.
- IOST Hong Kong Office Email: hk@iost.io
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