IRISnet Core Dev team Bianjie won the First Developer Competition Award of China Blockchain-based Service Network
The first developer competition of the China Blockchain -based Service Network (BSN), which began on December 1st last year, came to an end after three months. The competition is organized by the BSN Alliance and the China Mobile Hackathon Committee, with the theme of “Solution for Traditional Information System Blockchain Reform”.
As a trans-regional public infrastructure network, the BSN was jointly launched by the State Information Center (SIC), China Mobile, China UnionPay, and other institutions.
Bianjie’s “Reform Supply Chain Financial Information System with Data Privacy Protection and Cross-Chain Interoperability “ won the third prize, ranking the highest among the solutions that empowered complex financial scenarios. The solution is based on the open-source consortium chain IRITA and focuses on two of IRITA’s core technical strengths — data protection capabilities with cryptographic authorization of sharing and interchain, cross-system interoperability across heterogeneous systems — to achieve the following objectives:
- Enables registration, validation, rating, third-party verification of financial assets in the supply chain
- Enables complete identity management of all parties involved, with traceability to the subject authentication process
- Enables multiple full lifecycle traceability of business processes
- Enables openness and transparency of data, with the ability to authorize sharing or retrieval according to the wishes of the data owner
- Enables non-intrusive regulatory audits and third-party verification
Bianjie is honored to participate in this competition, hoping our implementation can provide reference cases for developers and business parties to adopt blockchain technology in advancing the real economic development.
Introduction of IRITA:
Powered by Tendermint, Cosmos SDK and IRIS Service (a.k.a. iService), IRITA is the first consortium blockchain product in the Cosmos ecosystem. Combining the advanced Cosmos technology stack with years of experience in providing industry solutions, Bianjie has delivered a slew of exciting features in IRITA: flexible digital asset modeling, highly practical on/off-chain interoperability, privacy-preserving data access authorization, pluggable cryptographic algorithms, not to mention the efficient consensus engine and cutting-edge cross-chain capability that come with Cosmos.
IRITA can be used to build next-generation distributed business applications for various scenarios, such as supply chain financing, digital asset exchange, healthcare data exchange, etc.
Relevant reading
Team behind IRISnet Open-Sourced its Enterprise Blockchain Product IRITA
Tendermint：
IRIS SDK：
