ROAD is Laying out a Business Ecosystem, Using INT Chain Blockchain Technology

Blockchain listed as an important part of the “new infrastructure” in China

Blockchain technology has been listed as an important part of the “new infrastructure” of China in 2020. Many provincial governments have already begun to implement elements of blockchain, investing heavily in its development and categorizing it as a “key construction project”. For example, in Hunan and Jiangxi provinces, smart government affairs and digital finance are seeing increased adoption.

Why is blockchain listed as an important part of China’s “new infrastructure”? What are the advantages of this?

1. Blockchain is an open and transparent decentralized network, which offers many advantages over the shortcomings of centralized networks.

2. The blockchain is traceable and cannot be tampered with. Once data is recorded on the chain, it cannot be modified by artificial data with ulterior motives. If there is a problem, traceability can be used to identify and record the relevant information on the chain.

In general, blockchain is an evolution of our existing Internet.

ROAD is evolving the Internet of Vehicles industry with blockchain technology

ROAD is an Internet of Vehicles (IoV) + blockchain project. ROAD is the pioneer of the auto-ledger, an interactive accounting system for the full life cycle of the automobile. The auto-ledger effectively puts all aspects of a vehicle onto the blockchain. ROAD aims to build a distributed Internet of Vehicles economic system based on auto-ledger.

The ROAD project is incubated by INT Chain and uses INT Chain’s mainnet 4.0 blockchain technology. Since INT Chain commenced in 2017, its focus has been on consistently upgrading and improving its mainnet. The INT Chain mainnet 4.0 is now open-source on Github: https://t.co/gYtTgl8AJ0?amp=1

Here are some new features of INT Chain mainnet 4.0. 1. New P2P

2. TPS increased from 2000 to 4000

3. Upgraded consensus algorithm

• PBFT->IPBFT
• Upgraded 13 validator nodes to 100 validator nodes;
• 2. Verifiers can be randomly selected with Verifiable Random Function (VRF).
• On-chain governance: Governance parameters have been added to the punishment mechanism. These parameters can be dynamically adjusted through a referendum system on the blockchain.

4. Compatible with EVM, WASM; Supports multi-language development: C++, java, python, JavaScript; Using Ethereum as a benchmark, the execution efficiency of INT Chain has improved significantly.

5. Non-interactive zero-knowledge proofs for anonymous transactions.

The INT Chain mainnet 4.0 is a completely new upgrade of version 3.0. After development and testing are completed, users will experience higher performance and improved efficiency.

ROAD is developing a business ecosystem, using INT Chain blockchain technology

1. Cooperation with Sanhe Information Technology Co., Ltd.

Sanhe (www.alibaba.link) is a commercial venture of former Alibaba executives in the automotive aftermarket. ROAD and Sanhe have reached a cooperation agreement with the goal of jointly developing business in the automotive aftermarket.

2. ROAD Auto-ledger OBD device

ROAD’s auto-ledger OBD device is an on-board vehicle diagnostic device. It can monitor vehicle health and driving behavior in real time. This includes mileage, ECU data, operating conditions, driving time, fuel consumption and driver competence. Simultaneously, it can provide emergency services such as fault detection, position tracking, security alerts and vehicle maintenance alerts.

3. ROAD Auto-ledger App

The Auto-ledger App is now available in the App Store. It is a mobile terminal for the OBD device. Users can check related driving data in this App such as driving habits, driving time, mileage, fuel consumption, etc. In addition, users can upload their own driving data to receive token incentives, which can be used to purchase products and services from participating businesses within the ROAD ecosystem.

As we can see, the development of ROAD’s business ecosystem is on-track. With further improvements and large-scale adoption of its business ecosystem, demand for the ROAD token may increase.

— From ROAD community